Gandhar Oil Refinery (India) Limited has informed the Exchange regarding Change in Auditors of the company.
GANDHAR · price
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Gandhar Oil Refinery reported strong FY2026 results with standalone revenue of Rs 3,422.56 crore (up 8% YoY) and net profit of Rs 138.39 crore, nearly doubling from Rs 75.30 crore in FY2025. Consolidated revenue stood at Rs 4,241.18 crore with net profit of Rs 137.25 crore. The Board re-appointed Joint-Managing Directors Samir Parekh and Aslesh Parekh for another 5 years, and appointed two new directors - Santokhsingh Karamsingh Sandhu as Independent Director and Jatin Dhamani as Whole Time Director. The Audit and Nomination & Remuneration Committees were reconstituted following resignation of Mrs. Deena Mehta. The company also approved incorporation of a wholly-owned subsidiary in South Africa and purchase of approximately 21,551 sq. meters of land at Panvel, Raigad for expansion.
Positive signals from near-doubling of net profit and EPS growth from Rs 7.69 to Rs 14.14. The new director appointments and committee reconstitution may bring fresh perspective but loss of an independent director warrants monitoring for governance quality.