Gandhar Oil Refinery (India) Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 12, 2025
GANDHAR · price
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Gandhar Oil Refinery has notified the stock exchanges about its 33rd AGM scheduled for Tuesday, August 12, 2025 at 11:00 AM, to be held via video conferencing. Shareholders will consider a final dividend of Rs 0.50 per equity share (25%) on the Rs 2 face value for FY2024-25, with the record date set as August 1, 2025 and the cut-off date for voting as August 5, 2025. Key special business items include re-appointment of Mr. Ramesh Parekh as Managing Director for another 5 years at Rs 12.5 lakh per month, re-appointment of Ms. Amrita DC Nautiyal as Independent Director, appointment of M/s KJK & Associates as new Statutory Auditors for 5 years, and raising the borrowing limit to Rs 1,200 crore (from current limits). The Annual Report and notice have been sent electronically to members and are available on the company website.
Shareholders holding shares as of August 1, 2025 will be eligible for the Rs 0.50 dividend, with voting rights locked to those on the books by August 5, 2025. The proposed increase in borrowing power to Rs 1,200 crore and the 5-year re-appointment of the promoter Managing Director are the most material items and may be closely watched by investors.