Gandhar Oil Refinery Board Approves Q4 FY26 Results, Reappoints Auditors and Directors, Plans South Africa Subsidiary
Gandhar Oil Refinery's Board approved Q4 and FY26 results. Key appointments include Mr. Santokhsingh Karamsingh Sandhu as Director and Mr. Jatin Dhamani as Whole Time Director. Mr. Samir Parekh and Mr. Aslesh Parekh were re-appointed as Joint MDs for 5 years. The company plans to incorporate a subsidiary in South Africa and purchase land in Raigad.
The re-appointments of key management and auditors, along with the decision to establish a foreign subsidiary and acquire land, indicate strategic growth and operational stability, which can have a medium-term impact on the company's performance and future prospects.
The announcement details positive corporate actions including financial results approval, re-appointment of key management and auditors, and strategic expansion plans like a new subsidiary and land acquisition.
Gandhar Oil Refinery (India) Limited announced the outcome of its Board Meeting held on May 26, 2026. The Board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, along with the audit report.
The company also re-appointed M/s. G. D. Singhvi & Co. as Internal Auditor and M/s. Maulin Shah & Associates as Cost Auditor for the Financial Year 2026-27. Furthermore, Mr. Samir Parekh and Mr. Aslesh Parekh were re-appointed as Joint Managing Directors for another five-year term. The Board also appointed Mr. Santokhsingh Karamsingh Sandhu as an Additional (Non-Executive Independent) Director and Mr. Jatin Dhamani as Additional Whole Time Director.
Key strategic decisions included the proposed incorporation and investment in a wholly-owned subsidiary in South Africa and an agreement for the purchase of land comprising approximately 21,551 sq. meters in Village Kherane Khurd, Tal. Panvel, Dist. Raigad.
The Board also reconstituted the Audit and Nomination and Remuneration Committees due to a resignation and new appointments. The Board Meeting commenced at 3:00 p.m. and concluded at 6:30 p.m.
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Gandhar Oil Refinery (India) Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Gandhar Oil Refinery (India) Limited. Read the original for the full detail.