Pursuant to Regulation 34(2)(f) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, please find enclosed herewith ....

August 19th, 2026 Listing 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 Sub.: Business Responsibility and Sustainability Report (“BRSR”) for the Financial Year 2025-2026 Dear Sir/Madam, Pursuant to Regulation 34(2)(f) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, please find enclosed herewith the Business Responsibility and Sustainability Report (“BRSR”) of the Company for the Financial Year 2025-26, which also forms an integral part of the Annual Report of the Company for Financial Year 2025-26. This is for your information and record. Thanking you, Yours Faithfully For Gandhar Oil Refinery (India) Limited Binal Khosla Company Secretary and Compliance Officer Mem. No.: A29802 Encl: a/a 02-52 53-154 155-301 Corporate Overview Statutory Reports Financial Statements Business Responsibility and Sustainability Report SECTION A: GENERAL DISCLOSURES I. Details of the listed entity 1. Corporate Identity Number (CIN) of the Listed Entity L23200MH1992PLC068905 2. Name of the Listed Entity Gandhar Oil Refinery (India) Limited 3. Year of Incorporation 1992 4. Registered Office Address 18th FLOOR, DLH PARK, S. V. ROAD, GOREGAON WEST, 5. Corporate Address MUMBAI 400062 6. Email Address investor@gandharoil.com 7. Telephone 022-40635600 8. Website http://www.gandharoil.com/ 9. Financial Year for which reporting is being done FY 2025-26 10. Name of the Stock Exchange(s) where shares are listed BSE Limited, NSE Limited 11. Paid-up Capital H 19,57,59,060/- 12. Name and contact details (telephone, email address) of the person Mr. Indrajit Bhattacharyya – Chief Financial Officer who may be contacted in case of any queries on the BRSR report Tel: 40635600, Email: investor@gandharoil.com 13. Reporting boundary - Are the disclosures under this report made Standalone Basis on a standalone basis (i.e. only for the entity) or on a consolidated basis (i.e. for the entity and all the entities which form a part of its consolidated financial statements, taken together). 14. Name of assessment or assurance provider Not Applicable (NA) 15. Type of assessment or assurance obtained NA II. Products/Services 16. Details of business activities (accounting for 90% of the turnover) Description of Main Activity Description of Business Activity % of Turnover of the Entity 1 Manufacturing of speciality The Company specialize in the manufacturing of a wide range of 100% Oil & Lubricants specialty oils, lubricants, mineral oils, and consumer and healthcare products. Diverse portfolio includes premium offerings such as white oils, waxes, jellies, automotive oils, industrial oils, transformer oils, and rubber processing oils, all marketed under our renowned brand, Divyol. 17. Products/Services sold by the Entity (accounting for 90% of the Entity’s turnover) S. % Of total Turnover Product/service NIC Code No. contributed 1 White Oil/Paraffin/Mineral Oil 1920 53.23% 2 Industrial Oil 1920 10.43% 3 Transformer Oil 1920 8.52% 4 Automotive Oil 1920 5.06% 5 Petroleum Jelly / Waxes 1920 7.26% 6 Rubber Processing Oils 1920 6.10% GANDHAR OIL REFINERY (INDIA) LIMITED 123 III. Operations 18. Number of locations where plants and/or operations/offices of the Entity are situated: Location Number of plants Number of offices Total National 2 20 22 International 0 0 0 19. Markets served by the Entity a. Number of locations Locations Number National (No. of States) 32 International (No. of Countries) 100 b. What is the contribution of exports as a percentage of the total turnover of the Entity? The Company has been focused on expanding its global market presence through strategic initiatives aimed at strengthening exports and meeting the evolving needs of customers across international markets. During the year, exports contributed 29.20% of the Company’s total turnover. c. A brief on Types of customers The Company caters to a diversified customer base spanning domestic and international markets across a broad spectrum of industries. Its customers include leading corporations operating in the pharmaceutical, personal care, healthcare, FMCG, automotive, industrial, power transmission and distribution, rubber, tyre, chemical, textile, and manufacturing sectors. The Company serves these industries through its portfolio of Pharmaceutical, Health Care and Performance Oils (PHPO), Process and Insulating Oils (PIO), and Lubricants, including automotive and industrial oils. The Company's clientele comprises multinational corporations, large Indian enterprises, distributors, OEMs, industrial users, and retail customers. With a presence in over 100 countries and long-standing relationships with several key customers, the Company has established a strong and diversified customer network. This broad customer mix enables the Company to effectively address varied industry requirements while reducing dependence on any single customer segment and supporting sustainable business growth. IV. Employees 20. Details as at the end of Financial Year a. Employees and workers (including differently abled): S. Male Female Particulars Total (A) No. No. (B) % (B/A) No. (C) % (C/A) EMPLOYEES 1. Permanent (D) 286 254 89% 32 11% 2. Other than Permanent (E) Nil 3. Total employees (D + E) 286 254 89% 32 11% WORKERS 4. Permanent (F) 79 78 99% 1 1% 5. Other than Permanent (G) Nil 6. Total workers (F + G) 79 78 99% 1 1% b. Differently abled Employees and workers: S. Male Female Particulars Total (A) No. No. (B) % (B/A) No. (C) % (C/A) DIFFERENTLY ABLED EMPLOYEES 1. Permanent (D) 2. Other than Permanent (E) Nil 3. Total differently abled employees (D + E) DIFFERENTLY ABLED WORKERS 4. Permanent (F) 5. Other than Permanent (G) Nil 6. Total differently abled workers (F + G) 124 ANNUAL REPORT 2025-26 02-52 53-154 155-301 Corporate Overview Statutory Reports Financial Statements 21. Participation/Inclusion/Representation of Women No. and percentage of Females Total (A) No. (B) % (B/A) Board of Directors 6 2 33.33% Key Management Personnel 5 1 20.00% Note: As on 31st of March, 2026. 22. Turnover rate for permanent employees and workers (disclose trends for the past 3 years) FY2025-26 FY2024-25 FY2023-24 Male Female Total Male Female Total Male Female Total Permanent Employees 23.42% 32.84% 24.49% 12.00% 3.00% 15.00% 10.39% 0.60% 16.42% Permanent Workers 11.69% 0.00% 11.61% 10.00% 0.00% 10.00% 0.00% 0.00% 0.00% V. Holding, Subsidiary and Associate Companies (including joint ventures) 23. Name of holding/subsidiary/associate companies/joint ventures Name of the holding/ Indicate whether Holding/ Does the entity indicated at column A, Sl. % of shares held by subsidiary/associate Subsidiary/Associate/ participate in the Business Responsibility No. the listed entity companies/joint ventures (A) Joint Venture initiatives of the listed Entity? (Yes/No) 1 Gandhar Shipping & Logistics Wholly Owned Subsidiary 100.00% Pvt. Ltd. Company 2 Gandhar Lifesciences Wholly Owned Subsidiary 100.00% Pvt. Ltd. Company 3 Gandhar Foundation Wholly Owned Subsidiary 100.00% Company 4 Texol Lubritech FZC Subsidiary Company 50.10% No 5 Texol Lubricants Stepdown subsidiary 00.00% Manufacturing LLC Company Note: Texol Oils FZC has been liquidated. VI. CSR Details 24. (i) Whether CSR is applicable as per section 135 of Companies Act, 2013: (Yes/No) Yes (ii) Turnover (in J): 3,422.56 Cr. (iii) Net worth (in J): 1,300.30 Cr. VII. Transparency and Disclosure Compliances 25. Complaints/Grievances on any of the principles (Principle 1 to 9) under the National Guidelines on Responsible Business Conduct: FY 2025-26 FY 2024-25 Grievance Redressal Stakeholder group No. of No. of Mechanism in place (Yes/No) No. of complaints No. of complaints from whom complaint complaint [Showing first 8,000 characters — download PDF for full document]