Gandhar Oil Refinery (India) Limited has informed the Exchange about Rescission/termination(s)

Deal cancelledStrategic Transactions View source PDF Explain this filing

GANDHAR · price

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Price reactionminutes from the announcement price · days from the prior close

-0.8%Reaction day

₹145.05

prior close

₹145.98

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.4%-0.4% vs market

Lubricants peers, median of 6sector-0.3%-0.5% vs sector

On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 0.5 pts less than its Lubricants peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.5

10m

-0.4

15m

-0.7

30m

-0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.8-0.4-0.4-0.3-0.5

Next day

-2.1-1.4-0.7-1.3-0.8

-3.1-3.5+0.4-3.1-0.0

-2.6-4.3+1.7-2.6+0.0

-0.0-4.7+4.6-2.4+2.4

-1.7-3.4+1.7-1.6-0.1

-2.3-2.4+0.1-0.6-1.7

15d

-6.1-2.2-3.9-1.6-4.5

-5.5-1.5-4.1-2.3-3.2

-8.5-4.6-3.9-8.0-0.5

+1.5-6.1+7.6-3.7+5.2

UpDownMarket · Nifty Microcap 250Sector · Lubricants peers, median of 6Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Gandhar Oil Refinery's board has approved the termination of its 50% joint venture, Texol Oils FZC, based in Sharjah's Hamriyah Free Zone, with partner ESPE Oils FZC. The company will also terminate all existing commercial licenses held by the JV, subject to Registrar approval. The decision comes after both parties mutually agreed that the JV structure was no longer beneficial due to changed circumstances. The agreement's execution date is yet to be finalized. Texol Oils FZC held a commercial license from the Hamriyah Free Zone Authority (License No. 24670).

Likely market impact

This wind-up allows Gandhar Oil to exit an underperforming overseas JV and redirect resources, but the financial impact on the company has not been disclosed. For shareholders, this is a strategic cleanup move with limited immediate cash flow implications, pending Registrar approval and final agreement terms.