GANDHARNSEGandhar Oil Refinery (India) LimitedMediumNegative
Announced Wed, 30 Jul · 12:42 IST

Gandhar Oil Refinery (India) Limited has informed the Exchange regarding Demise of Mr Niraj Parekh, Other of the company on July 30, 2025.

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GANDHAR · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Gandhar Oil Refinery (India) Limited has informed the stock exchanges about the untimely passing of Mr. Niraj Parekh, Senior General Manager at the Manufacturing & Operations Department of the company's Silvassa plant, on the morning of July 30, 2025. He was classified as Senior Management Personnel under the company's workforce. The disclosure was filed under Regulation 30 of SEBI Listing Regulations and is also being made available on the company's website. This is a routine regulatory disclosure required upon the demise of a senior management team member.

Likely market impact

This is a personnel loss at the plant operational level and may have a short-term impact on operations at the Silvassa plant until a replacement is appointed. However, as Mr. Parekh was not part of the board or key managerial personnel, the long-term impact on the company or its stock price is expected to be minimal.