Gandhar Oil Refinery Acquires Land Parcel for ₹2.10 Crore
Gandhar Oil Refinery (India) Limited acquired a land parcel of 3,328.54 sq. mtrs for ₹2.10 crore on September 4, 2026. The acquisition is part of a prior intimated transaction and is not considered a related party transaction.
The acquisition of a land parcel for ₹2.10 crore is a relatively small transaction for the company and is unlikely to have a significant impact on its overall financial performance or operations.
The announcement is a routine disclosure regarding a land purchase, which is a standard business transaction. It does not contain any information that would significantly impact the company's financial performance or market position in the short term, hence it is neutral.
Gandhar Oil Refinery (India) Limited has announced the purchase of a land parcel measuring approximately 32.90 gunthas, equivalent to 3,328.54 square meters. This acquisition, located in Village Kherane Khurd, Tal. Panvel, Dist. Raigad, is part of a previously intimated transaction.
The purchase agreement was executed on September 4, 2026, with the transaction being completed partially on the same date. The land was acquired for a consideration of ₹2,09,55,000 (Rupees Two Crores Nine Lakhs Fifty Five Thousand Only).
The sellers of the land are Mr. Shanivar Gotiram Patil, Phoshinath Gotiram Patil, Pranit Gotiram Patil, and Akshay Madhukar Patil. The company has confirmed that none of the sellers belong to the promoter, promoter group, or group companies, and the transaction does not fall within the ambit of related party transactions. This disclosure is made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
A plain-language summary of a public exchange filing by Gandhar Oil Refinery (India) Limited. Read the original for the full detail.
