Gandhar Oil Refinery (India) Limited has informed the Exchange about General Updates
GANDHAR · price
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Gandhar Oil Refinery has received a summons from the Superintendent/Appraiser/Senior Intelligence Officer at GST Bhavan, Vapi, under Section 70 of the Central GST Act, 2017. The company has been asked to appear on March 10, 2026, and submit documents and a statement related to its transactions with M/s Maruti Petroleum. The company clarifies that the summons does not allege any specific violation, and the inquiry is at a preliminary or nascent stage. The financial impact cannot be determined at this point. The physical copy of the summons has not yet been received by the company; only the email copy (dated March 3, 2026) is available.
This is an early-stage regulatory inquiry and not an order or penalty, so immediate financial or operational impact is unlikely. Shareholders should watch for further developments, as any adverse findings in the GST inquiry could affect the company's financials or reputation.