Padmini Parekh Acquires 70.4 Lakh Gandhar Oil Shares via Transmission

Gandhar Oil Refinery (India) Ltd has received a disclosure under SEBI SAST Regulations, 2011, from Mrs. Padmini Parekh, a member of the Promoter Group. The disclosure pertains to the acquisition of 70,40,000 equity shares by way of transmission from the late Mr. Kailash Parekh. This acquisition falls under the exemption provided in Regulation 10(1)(g) of the SEBI SAST Regulations, 2011, which covers acquisitions by way of transmission, succession, or inheritance. Consequently, no open offer was required, and no prior intimation under Regulation 10(5) was necessary. Mrs. Parekh's post-transaction shareholding is 8.72% of the company's total share capital.