Gandhar Oil Refinery (India) Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
GANDHAR · price
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Awaiting price reaction for this filing.
The promoter of Gandhar Oil Refinery (India) Limited, Aslesh Parekh, has submitted a declaration to the exchanges under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. He confirmed, on behalf of all promoters, promoter group members, and persons acting in concert, that no encumbrance (pledge, lien, or any other charge) was created — directly or indirectly — on the equity shares held by them during the financial year ended March 31, 2025. The same nil declaration was filed for FY24 (March 31, 2024), suggesting a consistent pattern. This is a routine annual compliance filing required when promoters have not created any new encumbrances on their shareholdings.
This is a neutral, routine compliance disclosure. It signals that promoters have not pledged or otherwise encumbered their shares during the year, which is mildly positive for shareholder confidence as it removes near-term risk of forced selling from a pledge invocation. No material impact on the stock price is expected from this filing alone.