The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ramesh Babulal Parekh

November 10, 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 Mr. Ramesh Babulal Parekh under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011 in relation to acquisition of 7,500 equity shares of M/s Gandhar Oil Refinery (India) Limited 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 RAMESH B. PAREKH 1703-B Wing, Aspee Enclave Bhoomi Celestia, Malad W, Mumbai- 400064 Date: 10.11.2026 Corporate Relationship National Stock Exchange of The Company Secretary & Department India Limited Compliance Officer BSE Limited Exchange Plaza, 5th Floor Gandhar Oil Refinery Phiroze Jeejeebhoy Towers, Plot No. C/1, “G” Block (India) Ltd Dalal Street, Mumbai – Bandra-Kurla Complex DLH Park, 18th floor, S.V. 400001 Bandra (E), Mumbai – Road, Goregaon (W), 400051 Mumbai, Maharashtra, 400062 Sub: Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Share and Takeover) Regulation, 2011. Dear Sir/ Madam, Pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Share and Takeover) Regulation, 2011, this is to inform you that I have purchased of 7,500 equity shares of Gandhar Oil Refinery (India) Ltd on 8th November, 2026 through open market. The requisite transaction information is in the format as prescribed under Regulation 29(2) of the SAST Regulation is enclosed. I request you to kindly take the same on your records. Thanking you. Yours sincerely, Name: Ramesh Babulal Parekh (Promoter) Encl: a/a 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) Ramesh Babulal Parekh with the acquirer/Seller/transferor Whether the acquirer belongs to Promoter and Director Promoter/Promoter group Name(s) of the Stock Exchange(s) BSE Limited & National Stock Exchange of India Limited where the 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 2,82,89,627 28.9 28.9 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) 2,82,89,627 28.9 28.9 Details of acquisition/sale/transfer a) Shares carrying voting rights 7,500 0.00 0.00 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) 7,500 0.00 0.00 After the acquisition/sale/transfer, holding of: a) Shares carrying voting rights 2,82,97,127 28.9 28.9 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) 2,82,97,127 28.9 28.9 Mode of acquisition / sale/transfer (e.g. open market / off-market / public issue / Open Market rights issue / preferential allotment / inter-se transfer etc). Date of acquisition / sale of shares / VR or date of receipt of intimation of 08.11.2026 allotment of shares/transfer, whichever is applicable Equity share capital / total voting capital Rs. 19,57,77,640 consisting of 9,78,88,820 equity shares of the TC before the said acquisition / of face value of Rs. 02/- each fully paid sale Equity share capital/ total voting capital Rs. 19,57,77,640 consisting of 9,78,88,820 equity shares of 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 of TC after the said acquisition 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, Ramesh Babulal Parekh (Promoter) Place: Mumbai Date: 10.11.2026