Gandhar Oil Refinery (India) Limited has informed the Exchange about Action(s) taken or orders passed pursuant to Regulation 30 read with Clause 20 of Para A of Part A of Schedule III of SEBI (LODR) Regulations, 2015 ( Listing Regulations ), the company has received refund sanctioned order issued by Office of the Commissioner of Customs (Imports II).
GANDHAR · price
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Gandhar Oil Refinery (India) Limited has received a refund sanctioned order from the Office of the Commissioner of Customs (Imports II). This disclosure has been made pursuant to Regulation 30 read with Clause 20 of Para A of Part A of Schedule III of the SEBI (LODR) Regulations, 2015. The filing pertains to a customs refund related to imports, though the specific amount has not been disclosed in the announcement. This appears to be a routine regulatory compliance filing informing shareholders about a favorable customs order being received.
The receipt of a refund sanctioned order from customs is a positive development for the company as it indicates funds being returned. This could have a minor positive impact on the company's cash flows, though the actual financial impact would depend on the refund amount which has not been specified.