Transaction Details
Parties Involved: Gandhar Oil Refinery (India) Limited entered into an agreement with Mr. Lahu Atmaram Patil, Mr. Eknath Atmaram Patil, Mrs. Geeta Namdeo Patil & Others.
Property Description: Land parcel admeasuring 86.50 gunthe (equivalent to 8,751.32 square meters) located at Survey No. 143 of Village Kherane Khurd, Taluka Panvel, District Raigad.
Transaction Value: ₹5,50,43,998 (Rupees Five Crores Fifty Lakhs Forty-Three Thousand Nine Hundred Ninety-Eight Only)
Agreement Date: August 13, 2026
Purpose and Relationship
Purpose: Purchase of land for undisclosed operational purposes.
Relationship to Sellers: None of the sellers belong to the promoter/promoter group/group companies. The transaction does not qualify as a related party transaction.
Shareholding: No shareholding exists between the company and the sellers.
Additional Terms
Significant Terms: Not applicable as per the disclosure.
Financing Structure: Not applicable - no shares were issued for this transaction, and no loan agreements were involved.
Governance Arrangements: No special rights, board nominations, or potential conflicts of interest arising from this agreement.