Pursuant to Regulation 30 and 33 with Part A of Schedule III and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we hereby inform you that the Board of Directors at its meeting held today i.e. Tuesday, October 27, 2026 has, inter-alia considered and approved Un-audited Standalone and Consolidated Financial Results of the Company ....

October 27, 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 Dear Sir/Madam, Subject: Outcome of Board Meeting held today i.e., Tuesday, October 27, 2026 Ref: Regulation 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Dear Sir/ Madam, Pursuant to Regulation 30 and 33 with Part A of Schedule III and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we hereby inform you that the Board of Directors at its meeting held today i.e. Tuesday, October 27, 2026 has, inter-alia considered and approved the following: - 1. Un-audited Standalone and Consolidated Financial Results of the Company for the Quarter and half year ended September 30, 2026. A copy of the said Un-audited Standalone and Consolidated Financial Results of the Company including disclosures required under Regulations 33 and other provisions of the Listing Regulations as applicable, together with the Limited Review Report issued by M/s. K J K & Associates., Chartered Accountants, (FRN: 112159W), the Statutory Auditor of the Company, is enclosed as Annexure A; 2. Appointment of Mr. Santosh Kumar Singh as Factory Manager of the Silvassa plant of the Company w.e.f October 27, 2026: The details as required in terms of Regulation 30 read with Part A of Schedule III of the SEBI LODR and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are mentioned in Annexure B. The Board Meeting commenced at 03:00 p.m. and concluded at 05:00 p.m. Thanking you. Yours Faithfully, For Gandhar Oil Refinery (India) Ltd Binal Khosla Company Secretary and Compliance Officer Mem. No.: A29802 Encl: As above Annexure A K J K & Associates CHARTERED ACCOUNTANTS 178,2ndFloor,RaghuleelaMall,Poisar,BehindPoisarBusDepot,KandivaliWest,Mumbai-400067 E-mail:mail@kjk.co.in Contact.:+919820057941 Landline.: +91224664 9603 Independent Auditor’s Review Report on Unaudited Standalone Financial Results of Gandhar Oil Refinery (India) Limited for the Quarterand Half Year ended September 30, 2026 Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015,as amended The Board of Directors GandharOil Refinery (India) Limited 1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of Gandhar Oil Refinery (India) Limited (“the Company”) for the Quarter and Half Year ended September 30, 2026, (“the Statement”) attached herewith, being submitted by the Company pursuant to the requirementsof Regulation 33of SEBI (the “Listing Obligation and Disclosure Requirements) Regulation 2015, as amended (the “Listing Regulations”) 2. ThisStatement,whichistheresponsibilityoftheCompany’smanagementandapproved by the Company’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (“Ind AS 34”) “Interim Financial Reporting” prescribed under section 133 of Companiesact,2013,asamended(“theAct”)read with relevantrulesissued thereunder and other recognized accounting principles generally accepted in India and in compliancewith regulation33of Listing Regulationasamended. Our responsibilityis toexpressaconclusionon thestatement based on our review. 3. Weconducted our reviewof theStatement in AccordancewiththeStandard on Review Engagements (SRE) 2410, “Review of Interim Financial Information Performed by independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of Interim Financial information consists of making inquiries, primarily of persons responsible for financial and accounting matter, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with standards on Auditing and consequently does not enable us tj^btai^. assurancethatwewould becomeawareofallsignificantmattersthatmight inanaudit. Accordingly, wedo notexpressanauditopinion. V ( FWM1215W/U Branches: Indore:37,SanjanaPark,NearAgarwalPublicSchool,Indore-452016.Contact.:8349683634 Bhilwara:TheCube,1stFloor,73LaxmiTower,SubhashNagar,AjmerRoad,Bhilwara-311001.Contact.:9509455220 Raipur:M-26,3rdFloor,VeenaChamberHighStreetRamaWorld,BehindMGMIHospital, VidhanSabhaRoad,Raipur-492005. Contact .:9821300075 4. Based onour reviewconductedasabove, nothing hascometoourattention that causes us to believe that the accompanying Statement of Unaudited Financial Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally acceptedin India,hasnotdisclosed theinformationrequired to bedisclosedintermsof Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015,asamended,including the manner in which it is to be disclosed, or that itcontainsany material misstatement. For KJ K & Associates CharteredAccountants Firm RegistrationNo.:112159 Sunil Kumar Nuwal Partner MembershipNo.:100614 Place :Mumbai Date :October27,2026 UDIN :26100614PGQJJO1626 GANDHAROILREFINERY(INDIA)LIMITED CIN:L23200MH1992PLC068905 REGD.OFFICER8THFLOOR,DLHPARK,S.V.ROAD,GOREGAON(W),MUMBAI-400062 TEL:+91- 22- 40635600FAX:+91-22- 40635601Email:investor@gandharoll.com,Website:www.gandharoil. STANDALONEUNAUDITEDFINANCIALRESULTSFORTHEQUARTERANDHALFYEARENDED30THSEPTEMBER2026 (1inCrore) Sr. PARTICULARS QuarterEnded HalfYearEnded YearEnded 30-09-2026 30-06-2026 30-09-2025 30-09-2026 30-09-2025 31-03-2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Revenuefromoperations 1,729,92 1,591.05 815,47 3,320,97 1,560,91 3,422.56 2 OtherIncome 3.58 3.42 3.52 6.99 6.73 21.44 3 TotalIncome(1+2) 1,733,50 1,594.47 818.99 3,327.96 1,567.64 3,444.00 4 Expenses (( ba) )PC uo rs ct ho af sm esat oe fri Sa tl oc co kn -s inu -m Tre ad 1,43 18 .. 73 29 1,27 16 .. 51 58 73 48 .. 53 60 2,71 34 .. 25 77 1,40 56 .. 60 42 2,9 57 59 .,0 374 (c)ChangesininventoriesofFinishedgoods,Stock- TradeandWork-in-Progress (58.20) (15.50) (28,18) (73.70) (34.96) (14.67) (d)EmployeeBenefitsExpenses 26.51 8.35 7.51 34.86 15.04 43.45 ( (fe )) DF ein pa ren cc ie atc ioo nst as ndamortizationexpenses 1 60 .. 67 36 9 6. .9 430 66 ,. 10 53 12 30, .6 07 5 1 121 ,.9 239 223 4, .5 62 6 (g)Otherexpenses 61.56 71.20 41.09 132.76 76.32 151.70 TotalExpenses(4) 1,487,37 1,358,11 775.46 2,845.48 1,492.28 3,263.07 5Profit/(Loss)beforeexceptionalitemsand extraordinaryitemsandtax(3-4) 246.13 236.36 43.53 482.48 75.36 180.93 6 ExceptionalItems(lncome)/Expense(ReferNote4) 21.29 21.29 7 Profit/(Loss)BeforeExtraordinaryItemsandTax (5-6) 224.84 236.36 43.53 461.19 75.36 180.93 8 ExtraordinaryItems 9 Profit/(Loss)beforetax (7-8) 224.84 236.36 43.53 461.19 75.36 180.93 10 TaxExpenses CurrentTax 56.30 59.50 11.50 115.80 19.40 44,70 DeferredTaxExpenseZ(Asset) 5.45 (0.20) (0.19) 5.24 (0.21) 0.02 Short/(Excess)provisionofearlieryearstaxes (0.02) (1.76) (1.78) (2,28) (2.18) TotalTaxExpense 61.73 57.54 11.31 119.26 16.91 42.54 11 Profit/(Loss)fortheperiod(9-10) 163.11 178.82 32.22 341.93 58.45 138.39 12 OtherComprehensiveIncome A,(i)Itemsthatwillnotbereclassifiedtoprofitorloss - RemeasurementofDefinedbenefit- Actuarial Gain/(Loss) 0.17 (0.28) 0.24 (0.11) 0.03 1.77 (ii)Incometaxrelatingtoitemsthatwillnotbe reclassified toprofitorloss (0.04) 0.07 (0.06) 0.03 (0.01) (0.45) B,(i)Itemsthatwillbereclassifiedtoprofitorloss Ot [Showing first 8,000 characters — download PDF for full document]