BSECompany Update23h ago · 24 Sept 2026, 07:05 pm
Pursuant to Regn 30 read with Para B of Part A of Schedule III (Clause 8) of the SEBI (LODR), 2015 we wish to inform you that the Company has received the order dated September 23,2026 passed by the court of the Addl. Chief Judicial Magistrate, Court No.11, Nashik in S.C.C. No.301992/2014.
Gandhar Oil Refinery (India) Ltd · 544029
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Gandhar Oil Refinery (India) Ltd has received an order from the Court of the Addl. Chief Judicial Magistrate, Nashik in a litigation case filed by Shri Saptashringi Ispat Private Limited. The court acquitted the company and its promoters under Section 256 of the Code of Criminal Procedure, 1973, and stopped the proceedings.
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Liquidity Impact8/10
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Gandhar Oil Refinery (India) Ltd - 544029 - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Outcome Of Litigation (Order Passed By Court).
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September 24, 2026
Listing Compliance Department Listing & Compliance Department
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor
Dalal Street, Mumbai – 400001 Plot No. C/1, “G” Block
BSE Scrip Code: 544029 Bandra-Kurla Complex
Bandra (E), Mumbai – 400 051
Symbol: GANDHAR
Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 – Outcome of litigation (order passed by court)
Dear Sir(s)/Madam(s),
Pursuant to Regulation 30 read with Para B of Part A of Schedule III (Clause 8) of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) (including any modification(s) /
amendment(s) / re-enactment(s) thereto) and Master Circular issued by SEBI vide reference No.
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, we wish to inform you that the
Company received the order dated September 23, 2026 passed by the Court of the Addl. Chief Judicial
Magistrate, Court No. 11, Nashik in S.C.C. No. 301992/2014.
The disclosure as required under Schedule III of the Listing Regulations read with SEBI Master Circular no.
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is attached herewith and marked as
Annexure I.
The above information is also being made available on the website of the Company at
https://gandharoil.com/investor-relations/disclosure-intimation-to-stock-exchanges/
You are requested to take the above on record.
Thanking you.
Yours faithfully,
For Gandhar Oil Refinery (India) Ltd
Binal Khosla
Company Secretary & Compliance Officer
Mem. No.: A29802
Encl: a/a
ANNEXURE I
Disclosure as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 read with SEBI Master Circular no. HO/49/14/14(7)2025CFD-POD2/I/3762/2026 dated
January 30, 2026 – Details of Litigation
Sr. Disclosure Details
1. Brief details of litigation viz. Name(s) of the opposing party:
name(s) of the opposing party, Shri Saptashringi Ispat Private Limited (“Complainant”)
court / tribunal / agency where
litigation is filed, brief details of
Court / tribunal / agency where litigation is filed:
dispute / litigation
The Complainant had filed a complaint in the Court of the
Chief Judicial Magistrate, Nashik.
Brief details of dispute / litigation: The Complainant filed a
complaint in 2014 under Sections 138 and 141 of the
Negotiable Instruments Act, 1881 against the Company, its
promoters and certain members of the promoter group alleging
dishonour of cheques aggregating to Rs. 3,00,00,000. The
matter was disclosed under “Outstanding Litigation and
Material Developments” in the Company’s Prospectus dated
November 25, 2023.
Outcome: By order dated September 23, 2026, the Court noted
the repeated absence of the Complainant and its advocate and
that no adjournment application was filed, acquitted the
accused under Section 256 of the Code of Criminal Procedure,
1973 and stopped the proceedings.
2. Expected financial implications, No compensation, penalty or other monetary liability has been
if any, due to compensation, imposed on the Company by the order.
penalty etc.
3. Quantum of claims, if any Not Applicable