Press Release

July 22, 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: Press Release on Un-audited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026 (Q1 FY 2026-27). Ref: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Dear Sir(s)/Madam(s), Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), please find enclosed herewith press release on Un-audited Financial Results (Standalone and Consolidated) for the quarter ended June 30th, 2026 (Q1 FY 2026-27). The said press release will be simultaneously posted on the Company’s website at https://gandharoil.com/investor-relations/disclosure-intimation-to-stock-exchanges/ You are requested to take the same on record. Thanking you. Yours Faithfully, For Gandhar Oil Refinery (India) Ltd Binal Khosla Compliance Officer and Company Secretary Mem. No.: A29802 Encl: As above HIGHEST EVER PAT OF ₹206 CRORE Q1 FY27 Financial Results & Business Updates Mumbai, July 22, 2026: Gandhar Oil Refinery (India) Ltd (BSE: 544029) (NSE: GANDHAR) announced its unaudited financial results for the quarter ended 30th June, 2026. Consolidated Financial Highlights (₹ in Cr) Revenue from Operations EBITDA Profit After Tax EPS* +512% +92% +689% +633% 3 0 9 3 7 ,1 6 4 1 8 2 6 2 6 0 2 8 6 .2 6 .9 1 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Manufacturing Sales Volumes Particulars(kl) Q1 FY27 Q1 FY26 PHPO 68,815 58,379 Lubricants 30,073 30,482 PIO 17,998 14,085 Channel Partners 14,360 18,787 Total Manufacturing Volumes 1,31,247 1,21,733 Key Highlights: • Gross Margin Spread expanded 3.4x year-on-year to ₹28,145 per kl compared to Q1 FY26 • Volumes for the quarter improved 8% year-on-year to 1,31,449 kl • Declared Interim Dividend 100% of Face Value Management Commentary Commenting on the Results, Mr. Aslesh Parekh, Joint Managing Director said: We are pleased to announce the strongest quarter in the history of Gandhar Oil Refinery (India) Ltd., with the Company reporting its highest-ever quarterly net profit, crossing ₹200 crore. This record performance was driven by healthy revenue growth and robust gross margin spreads despiteoperatingin a dynamic and challenging external environment. The operating environment during the quarter remained dynamic, shaped by geopolitical developments in West Asia, crude oil price volatility, and periodic supply chain disruptions. Our ability to respond swiftly through agile sourcing, prudent inventory management, and a favourable product mix translated into strong financial performance. Consolidated Revenue increased 92% year-on-year to ₹1,732 crore, while Gross Margin Spread expanded 3.4x year-on-year to ₹28,145 per kl compared to Q1 FY26. Ourstrong performancewas supported by healthy demand across key end-user industries and sustained momentum across product categories. Continued focus on value-added offerings, efficient procurement practices, and cost optimisation initiatives enabled us to achieve superior margins while also supporting volume growth. The PHPO segment continued to anchor our growth, driven by sustained demand from the personal care, healthcare, and pharmaceutical sectors. The quarter alsowitnessedencouraging traction in the PIO business, reflecting healthy demand acrosstransformer, power & rubber manufacturers.While growth in the Lubricants segment remainedlargely stable, it continued to contribute meaningfully to our diversified business mix. Supported by growing export presence and stronger engagement with marquee customers, the Company sustained positive business momentum throughout the quarter. While weremainwatchful of global macroeconomic developments and geopolitical uncertainties, the underlying demand environment continues to remain encouraging. With a strong business foundation, a customer-centric approach, and an unwavering focus on operational excellence, weremainconfident in our ability to sustain profitable growth and create long-term value for all stakeholders About Gandhar Oil Refinery (India) Ltd: Gandhar Oil Refinery (India) Limited is a known name in the world of specialty oils. Our Company is a leading manufacturer of white oils by revenue with a growing focus on the consumer and healthcare end-industries. We have a diversified customer base. We produce a broad variety of specialty oils and lubricants such as White oils, waxes, jellies, automotive oils, industrial oils, transformer oils and rubber processing oils. Our products are sold under our flagship brand “Divyol”. For more information, visithttps://gandharoil.com/ For further information, please contact: Gandhar Oil Refinery (India) Limited Adfactors PR Ltd Binal Khosla Pratik Shah / Hashika Mutreja Email:investor@gandharoil.com Tel No:9870030585 / 9167753859 Website:https://gandharoil.com/ Email:pratik.shah@adfactorspr.com/ hashika.mutreja@adfactorspr.com