Gandhar Oil Refinery (India) Ltd

Gandhar Oil Refinery (India) Ltd has entered into a purchase agreement dated August 13, 2026, to acquire a land parcel of approximately 86.50 gunthe (8751.32 sq. mtrs) in Village Kherane Khurd, Tal. Panvel, Dist. Raigad. The acquisition is for a consideration of ₹5,50,43,998. This transaction is in continuation to a previous intimation dated May 26, 2026, and does not involve related parties or share issuance. The land is intended for the company's expansion or operational needs.

Gandhar Oil Refinery (India) Ltd has announced the resumption of operations at its manufacturing facility in Silvassa, Dadra and Nagar Haveli. The facility was previously impacted by unprecedented heavy rainfall and flood-like conditions. The company is currently assessing the extent of loss and damage, if any, and has confirmed that the incident has been intimated to its insurance company. Necessary restoration and remedial measures have been completed, and operations are being closely monitored for full normalization.

Gandhar Oil Refinery (India) Ltd announced an interim dividend of ₹2 per equity share (100% of face value) for FY 2026-27. The dividend will be paid to shareholders of record as of July 31, 2026. The company will deduct Tax Deducted at Source (TDS) as per Income-tax Act, 2025, with rates varying based on shareholder residency and documentation provided. Resident shareholders with PAN will face a 10% TDS, with exemptions for small dividend amounts or specific documentation. Higher TDS rates apply if PAN is not furnished.

Gandhar Oil Refinery (India) Ltd has informed that its manufacturing plant in Silvassa has been affected by flood-like conditions due to unprecedented heavy rainfall. The company is currently assessing the impact on its assets, operations, and production. While the extent of the damage is being evaluated, the company has adequate insurance coverage and has intimated the incident to the insurance company. Measures are being taken to restore normal operations. The company will provide further updates if material developments occur.

Gandhar Oil Refinery (India) Ltd announced its unaudited financial results for the quarter ended June 30, 2026 (Q1 FY27). The company reported its highest-ever quarterly net profit of ₹206 crore, marking a 633% increase year-on-year. Consolidated Revenue from Operations surged 92% year-on-year to ₹1,732 crore, while EBITDA grew by 689%. The Gross Margin Spread expanded 3.4x year-on-year to ₹28,145 per kl. Total Manufacturing Volumes improved 8% year-on-year to 1,31,449 kl. Management attributed the strong performance to healthy demand, agile sourcing, prudent inventory management, and a favorable product mix, despite a dynamic operating environment. The PHPO segment anchored growth, with encouraging traction in the PIO business. The company also declared an Interim Dividend of 100% of Face Value.

Gandhar Oil Refinery (India) Ltd announced the appointment of Mr. Shyam Chandrabhan Agrawal as an Additional Non-Executive Independent Director for a five-year term, filling a casual vacancy. The Board of Directors also approved the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026, along with a Limited Review Report. Additionally, the company declared an interim dividend of ₹2 per equity share for FY 2026-27, with July 31, 2026, set as the record date. The 34th Annual General Meeting is scheduled for September 11, 2026. Mr. Agrawal has also been appointed as the Chairman of the reconstituted Risk Management Committee.

Gandhar Oil Refinery (India) Ltd announced an interim dividend of ₹2 per equity share (100% of face value) for FY2026-27. The record date for this dividend has been set as July 31st, 2026. The company's Board of Directors also approved the un-audited standalone and consolidated financial results for the quarter ended June 30th, 2026. Additionally, the 34th Annual General Meeting is scheduled for September 11th, 2026, and Mr. Shyam Chandrabhan Agrawal was appointed as an Additional Non-Executive Independent Director.

Gandhar Oil Refinery (India) Ltd announced an interim dividend of ₹2 per equity share (100% of face value) for the financial year 2026-27. The record date for determining entitlement to this dividend has been fixed as July 31, 2026. The company's Board of Directors also approved the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026, along with a limited review report. Additionally, the 34th Annual General Meeting is scheduled for September 11, 2026, and the appointment of Mr. Shyam Chandrabhan Agrawal as an Additional Non-Executive Independent Director was approved.

Gandhar Oil Refinery (India) Ltd announced a change in its Risk Management Committee composition following a Board of Directors meeting on July 22nd, 2026. Mr. Shyam Chandrabhan Agrawal has been appointed as the new Chairman, filling the casual vacancy left by Mrs. Deena Asit Mehta. The committee's existing members remain unchanged. The company also declared an interim dividend of ₹2 per equity share, fixed the record date for July 31st, 2026, and scheduled its 34th Annual General Meeting for September 11th, 2026. Additionally, Mr. Agrawal was appointed as an Additional Non-Executive Independent Director.

Gandhar Oil Refinery (India) Ltd's Board of Directors, in a meeting held on July 22nd, 2026, approved the un-audited standalone and consolidated financial results for the quarter ended June 30th, 2026. The board also declared an interim dividend of ₹2 per equity share for FY2026-27, with a record date of July 31st, 2026. Additionally, the company's Memorandum of Association will be altered to include a new clause, and Mr. Shyam Chandrabhan Agrawal was appointed as an Additional Non-Executive Independent Director. The 34th Annual General Meeting is scheduled for September 11th, 2026.