Gandhar Oil Refinery (India) Ltd reports promoter Ramesh Parekh acquisition of 50,000 shares

What Gandhar Oil Refinery announced

Gandhar Oil Refinery (India) Ltd filed a disclosure on 18 June 2026 with both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) under Regulation 29(2) of the SEBI Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011. The filing records that promoter Ramesh Babulal Parekh purchased 50,000 equity shares of the company through the open market on 16 June 2026. The acquisition is a routine compliance filing that informs the exchanges and the market about a change in shareholding by a promoter, as required by SEBI rules.

"The acquisition of 50,000 equity shares (0.05% of total voting capital) has been disclosed in accordance with Regulation 29(2)."

The filing was signed by the Company Secretary, Binal Khosla, and includes a detailed breakdown of the shareholding before and after the transaction, as well as confirmation that the total equity share capital of the company remains unchanged.

Details of the acquisition

The promoter, Ramesh Babulal Parekh, bought the shares at the prevailing market price on 16 June 2026. The mode of acquisition is explicitly stated as open market, meaning the shares were purchased on the stock exchange rather than through a private placement or preferential allotment. The number of shares acquired – 50,000 – translates to 0.05% of the total voting capital of Gandhar Oil Refinery. This percentage is calculated against the diluted share capital of 9,78,79,530 equity shares, each having a face value of Rs 2.

Before the purchase, the promoter’s holding stood at 2,80,89,627 shares, representing 28.69% of the total voting capital. After the acquisition, the holding increased to 2,81,39,627 shares, raising the promoter’s stake to 28.74%. The filing confirms that there were no encumbrances, pledges, or other voting rights attached to the newly acquired shares.

Shareholding pattern before and after the purchase

The tables illustrate that the acquisition did not alter the company’s capital structure; the total number of equity shares and the aggregate share capital remain the same. The only change is the marginal increase in the promoter’s voting‑right percentage.

Key facts at a glance

Why this matters for investors

The filing is primarily a compliance requirement under SEBI’s takeover regulations, which aim to keep the market informed about changes in shareholding by promoters or persons acting in concert. For existing shareholders, the key take‑away is that the promoter’s stake has risen only marginally, from 28.69% to 28.74%, and the overall share capital of the company remains unchanged. Consequently, there is no immediate dilution risk for minority shareholders, nor is there any indication of a larger strategic move such as a takeover bid or capital restructuring. The open‑market nature of the purchase suggests that the transaction was executed at market prices, without any preferential pricing or special arrangements.

Investors should note that the disclosure does not contain any forward‑looking statements about future share purchases, financing plans, or corporate actions. It simply records a routine increase in the promoter’s holding, which is a standard piece of information for transparency and regulatory compliance.

Conclusion

Gandhar Oil Refinery (India) Ltd has formally disclosed that promoter Ramesh B. Parekh acquired an additional 50,000 shares on 16 June 2026, raising his voting‑right percentage to 28.74%. The transaction was carried out through the open market and did not affect the company’s total equity share capital. The filing satisfies SEBI’s Regulation 29(2) requirements, and no further corporate actions have been announced in connection with this acquisition.