The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gandhar Coals & Mines Pvt Ltd

November 04, 2026 Listing Compliance Department Listing & Compliance Department BSE Limited National Stock Exchange of India Phiroze Jeejeebhoy Towers, Limited Dalal Street, Mumbai – 400001 Exchange Plaza, 5th Floor BSE Scrip Code: 544029` Plot No. C/1, “G” Block Bandra-Kurla Complex Bandra (E), Mumbai – 400 051 Symbol: GANDHAR Sub: Disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Dear Sir/ Madam, Please find enclosed herewith disclosure submitted by Gandhar Coal & Mines Private Limited under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011 in relation to acquisition of 50,000 equity shares of M/s Gandhar Oil Refinery (India) Limited on 02nd November, 2026 through open market. Thanking you. Yours Faithfully, For Gandhar Oil Refinery (India) Ltd Binal Khosla Company Secretary & Compliance Officer Mem. No.: A29802 Encl: As above Disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Name of the Target Company (TC) Gandhar Oil Refinery (India) Ltd Name(s) of the acquirer/Seller/transferor and Persons Acting in Concert (PAC) with Gandhar Coals & Mines Private Limited the acquirer/Seller/transferor Whether the acquirer belongs to Promoter Group Promoter/Promoter group Name(s) of the Stock Exchange(s) where the BSE Limited & National Stock Exchange of India Limited shares of TC are Listed Number % w.r.t. total % w.r.t. total share/voting capital diluted Details of the acquisition / disposal as wherever share/voting follows applicable (*) capital of the TC (**) Before the acquisition/Sale under consideration/transfer, holding of : a) Shares carrying voting rights 17,33,210 1.77 1.77 b) Shares in the nature of - - - encumbrance (pledge/ lien/ non- disposal undertaking/ others) c) Voting rights (VR) otherwise than - - - by shares d) Warrants/convertible securities/any - - - other instrument that entitles the acquirer to receive shares carrying voting rights in the T C (specify holding in each category) e) Total (a+b+c+d) 17,33,210 1.77 1.77 Details of acquisition/sale/transfer a) Shares carrying voting rights 50000 0.05 0.05 acquired/sold/transferred b) VRs acquired /sold otherwise than - - - by shares c) Warrants/convertible securities/any - - - other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) acquired/sold d) Shares encumbered/ - - - invoked/released by the acquirer e) Total (a+b+c+/-d) 50000 0.05 0.05 After the acquisition/sale/transfer, holding of: a) Shares carrying voting rights 17,83,210 1.82 1.82 b) Shares encumbered with the - - - acquirer c) VRs otherwise than by shares - - - d) Warrants/convertible securities/any - - - other instrument e) that entitles the acquirer to receive - - - shares carrying voting rights in the TC (specify holding in each category) after acquisition f) Total (a+b+c+d) 17,83,210 1.82 1.82 Mode of acquisition / sale/transfer (e.g. open market / off-market / public issue / rights Open Market issue / preferential allotment / inter-se transfer etc). Date of acquisition / sale of shares / VR or date of receipt of intimation of allotment of 02.11.2026 shares/transfer, whichever is applicable Equity share capital / total voting capital of Rs. 19,57,77,640 consisting of 9,78,88,820 equity shares the TC before the said acquisition / sale of face value of Rs. 02/- each fully paid Equity share capital/ total voting capital of Rs. 19,57,77,640 consisting of 9,78,88,820 equity shares the TC after the said acquisition / sale of face value of Rs. 02/- each fully paid Total diluted share/voting capital of the Rs. 19,58,33,338 consisting of 9,79,16,669 equity shares TC after the said acquisition of face value of Rs.02/- each fully paid (*) Total share capital/ voting capital to be taken as per the latest filing done by the company to the Stock Exchange under Regulation 31 of the SEBI (Listing Obligation and Disclosure Requirements), 2015. (**) Diluted share/voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible securities/warrants into equity shares of the TC. Note: The percentage of total share/voting capital has been computed by dividing the actual number of shares held by the total number of equity share. Thanking You, For Gandhar Coals & Mines Private Limited Saurabh Ramesh Parekh Whole Time Director DIN: 02907808 Place: Mumbai Date: 04.11.2026