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 06, 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 9967 equity shares of M/s Gandhar Oil Refinery (India) Limited on 04th 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 Date: 06.11.2026 Corporate Relationship National Stock The Company Department Exchange of India Secretary & BSE Limited Limited Compliance Officer Phiroze Jeejeebhoy Exchange Plaza, 5th Gandhar Oil Refinery Towers, Dalal Street, Floor Plot No. C/1, “G” (India) Ltd Mumbai – 400001 Block Bandra-Kurla DLH Park, 18th floor, Complex Bandra (E), S.V. Road, Goregaon (W), Mumbai – 400 051 Mumbai, Maharashtra, 400062 Sub: Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulation, 2011. Dear Sir/ Madam Pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulation, 2011, this is to inform you that we have purchased 9967 equity shares of Gandhar Oil Refinery (India) Limited on 4th November, 2026 through open market. The requisite transaction information in the format as prescribed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulation, 2011 is enclosed herewith. We request you to kindly take the same on your records. Thanking You For Gandhar Coal & Mines Private Limited Saurabh Ramesh Parekh Whole Time Director DIN: 02907808 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 17,83,210 1.82 1.82 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) 17,83,210 1.82 1.82 Details of acquisition/sale/transfer a) Shares carrying voting rights 9967 0.01 0.01 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) 9967 0.01 0.01 After the acquisition/sale/transfer, holding of: a) Shares carrying voting rights 17,93,177 1.83 1.83 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) 17,93,177 1.83 1.83 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 04.11.2026 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: 06.11.2026