Gandhar Oil Refinery (India) Limited has filed a regulatory disclosure pursuant to Regulation 30 of the SEBI Listing Regulations, informing about the completion of a partial land purchase transaction.
The company entered into a purchase agreement dated September 4, 2026, for the acquisition of a land parcel admeasuring 32.90 gunthas (equivalent to 3,328.54 square meters) located at Survey No. 147 of Village Kherane Khurd, Taluka Panvel, District Raigad. This transaction represents a partial completion of the larger transaction that was initially intimated to the exchanges on May 26, 2026.
Transaction Details
- Parties Involved: Mr. Shanivar Gotiram Patil, Phoshinath Gotiram Patil, Pranit Gotiram Patil, Akshay Madhukar Patil, and Gandhar Oil Refinery (India) Limited
- Purpose: Purchase of land
- Transaction Size: 3,328.54 square meters of immovable property
- Consideration: ₹2,09,55,000 (Rupees Two Crores Nine Lakhs Fifty Five Thousand Only)
- Shareholding Relationship: None of the sellers have any shareholding in Gandhar Oil Refinery
- Related Party Status: The sellers do not belong to the promoter/promoter group/group companies
- Related Party Transaction: This transaction does not fall within the ambit of related party transactions
Additional Information
- No special rights were granted as part of this agreement
- No shares were issued for this transaction
- The transaction does not involve any loan agreements
- No other disclosures related to board nominations, conflict of interest, or agreement termination/amendment are applicable
The document was signed by Binal Shankar Khosla, Company Secretary and Compliance Officer (Membership No.: A29802), on September 4, 2026.