BSECompany Update6d ago · 13 Aug 2026, 10:52 pm
The Company has informed the Exchange pursuant to Regulation 30 of SEBI (LODR), 2015 and in continuation to the intimation dated 26th May, 2026 the Company has entered into purchase agreement ....
Gandhar Oil Refinery (India) Ltd · 544029
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Gandhar Oil Refinery (India) Ltd has entered into a purchase agreement for a land parcel of 86.50 gunthe (approximately 8751.32 sq. mtrs) for Rs. 5,50,43,998.
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Growth Catalyst3/10
Governance Concern1/10
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Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Gandhar Oil Refinery (India) Ltd - 544029 - Announcement Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Update On Purchase Of Land
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August 13, 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: Intimation in terms of Regulation 30 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”)
This is in continuation to our intimation dated 26th May, 2026 and pursuant to Regulation 30 read with
Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (“Listing Regulations”), we wish to inform you that the Company has
entered into the purchase agreement dated August 13, 2026 for purchase of a land parcel admeasuring 86.50
gunthe i.e. equivalent to 8751.32 sq. mtrs. or thereabouts as per the 7/12 extract land bearing Survey
No.143 of Village Kherane Khurd, Tal. Panvel, Dist. Raigad, which forms part of the transaction as
intimated on 26th May, 2026.
The disclosure as required under Schedule III of the Listing Regulations read with SEBI Master Circular no.
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026 is attached herewith and marked as
Annexure I.
Thanking you.
Yours Faithfully,
For Gandhar Oil Refinery (India) Ltd
Binal Khosla
Company Secretary and Compliance Officer
Mem. No.: A29802
Encl: As above
Annexure I
Disclosure pursuant to Regulation 30 of the Listing Regulations read with SEBI Master Circular no. HO/49/14/14(7)2025-
CFD-POD2/I/3762/2026 dated 30th January, 2026.
S. N. Items for Disclosure Description
1. Name(s) of parties with whom the agreement is Mr. Lahu Atmaram Patil, Mr. Eknath Atmaram Patil, Mrs. Geeta
entered Namdeo Patil & Others and Gandhar Oil Refinery (India)
Limited
2. Purpose of entering into the agreement Purchase of land
3. Size of agreement Purchase of Immovable properties comprising of plot size of
approx. 86.50 gunthe i.e. equivalent to 8751.33 sq. mtrs for
consideration of Rs. 5,50,43,998/- (Rupees Five Crores Fifty
Lakhs Forty-Three Thousand Nine Hundred Ninety-Eight Only)
4. Shareholding, if any, in the entity with whom the Nil
Agreement is executed.
5. Significant terms of the agreement (in brief) special Not Applicable
rights like right to appoint directors, first right to share
subscription in case of issuance of shares, right to
restrict any change in capital structure etc.
6. Whether, the said parties are related to None of the sellers belong to the promoter/promoter group/group
promoter/promoter group/ group companies in any companies.
manner. If yes, nature of relationship;
7. Whether the transaction would fall within related party This transaction does not fall within the ambit of related party
transactions? If yes, whether the same is done at transactions
“arm’s length”
8. In case of issuance of shares to the parties, details of Not applicable as no share is issued for the transaction.
issue price, class of shares issued
9. In case of loan agreements, details of lender/borrower, Not Applicable
nature of the loan, total amount of loan granted/taken,
total amount outstanding, date of execution of the loan
agreement/sanction letter, details of the security
provided to the lenders / by the borrowers for such loan
or in case outstanding loans lent to a party or borrowed
from a party become material on a cumulative basis;
10. Any other disclosures related to such agreements, viz., Not Applicable
details of nominee on the board of directors of the
listed entity, potential conflict of interest arising out
of such agreements, etc.;
11. In case of termination or amendment of agreement, Not Applicable
listed entity shall disclose additional details to the
stock exchange(s):
i. name of parties to the agreement;
ii. nature of the agreement;
iii. date of execution of the agreement;
iv. details of amendment and impact thereof or reasons
of termination and
impact thereof.