Key Resolutions and Appointments

1. Appointment of Mr. Jatin Dhamani (DIN: 02339402)

  • Position: Whole Time Director
  • Term: 5 years from May 26th, 2026 to May 25th, 2031
  • Resolution Type: Ordinary Resolution
  • Remuneration: ₹3,22,100 per month (inclusive of HRA of ₹80,525 per month)
  • Annual Increase: Up to 20% each following year
  • Perquisites: Reimbursement of actual expenses restricted to ₹60,00,000 per annum
  • Additional Benefits: Provident fund, superannuation fund, gratuity, leave encashment (excluded from remuneration ceiling)

2. Appointment of Mr. Santokhsingh Karamsingh Sandhu (DIN: 02236652)

  • Position: Non-Executive and Independent Director
  • Term: First term of 5 years from May 26th, 2026 to May 25th, 2031
  • Resolution Type: Special Resolution
  • Remuneration: Sitting fees for board/committee meetings as determined by Board

3. Re-appointment of Mr. Samir Ramesh Parekh (DIN: 02225839)

  • Position: Vice Chairman cum Joint Managing Director
  • Term: 5 years from October 01st, 2026 to September 30th, 2031
  • Resolution Type: Special Resolution
  • Remuneration: ₹11,82,775 per month (inclusive of HRA ₹50,000 and Medical Allowance ₹50,000)
  • Annual Increase: Up to 20% each following year
  • Perquisites: Reimbursement of actual expenses restricted to ₹60,00,000 per annum
  • Shareholding: 19,25,000 equity shares (1.97%)

4. Re-appointment of Mr. Aslesh Rameshkumar Parekh (DIN: 02225795)

  • Position: Joint Managing Director
  • Term: 5 years from October 01st, 2026 to September 30th, 2031
  • Resolution Type: Special Resolution
  • Remuneration: ₹11,82,775 per month (inclusive of HRA ₹50,000 and Medical Allowance ₹50,000)
  • Annual Increase: Up to 20% each following year
  • Perquisites: Reimbursement of actual expenses restricted to ₹60,00,000 per annum
  • Shareholding: 19,25,000 equity shares (1.97%)

Voting Details

  • Cut-off Date: Friday, July 10th, 2026
  • E-voting Period: July 19th, 2026 (9:00 AM IST) to August 17th, 2026 (5:00 PM IST)
  • Voting Method: Remote e-voting only through electronic means
  • Service Provider: MUFG Intime India Private Limited (RTA)
  • Scrutinizer: CS Sandhya R. Malhotra (Membership No. 6715), Partner at M/s. Manish Ghia & Associates
  • Result Declaration: After conclusion of e-voting on August 17th, 2026

Document Availability

  • Company website: www.gandharoil.com
  • BSE website: www.bseindia.com
  • NSE website: www.nseindia.com
  • MUFG website: www.in.mpms.mufg.com

Financial Context

The company reported adequate profits for FY March 31, 2026:

  • Total Income: ₹3,444.00 crore (standalone), ₹4,254.60 crore (consolidated)
  • Profit before tax: ₹180.93 crore (standalone), ₹180.54 crore (consolidated)
  • Profit after tax: ₹138.39 crore (standalone), ₹137.25 crore (consolidated)

Additional Information

  • All proposed directors have provided necessary declarations and are not disqualified under Section 164 of Companies Act, 2013
  • Board and relevant committees (Nomination and Remuneration Committee, Audit Committee) have approved the appointments on May 26th, 2026
  • Explanatory statement and draft appointment agreements available for member inspection
  • Detailed e-voting instructions provided for both demat and physical shareholders