Gandhar Oil terminates Texol Oils joint venture

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GANDHAR · price

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

+1.4%Reaction day

₹135.50

prior close

₹135.67

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.0%+0.4% vs market

Lubricants peers, median of 6sector+0.0%+1.4% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 1.4 pts more 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

+0.7

10m

+0.1

15m

+0.1

30m

+0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.4+1.0+0.4+0.0+1.4

Next day

+3.2+2.0+1.2+1.1+2.2

+1.5+1.6-0.1+0.4+1.1

+1.1+1.2-0.1+0.2+0.9

+1.1+1.6-0.5-0.7+1.8

+0.3+1.9-1.6+0.0+0.3

-0.4+2.1-2.5-1.2+0.8

15d

+4.8+1.0+3.7-0.5+5.3

+2.5+0.2+2.3-4.9+7.4

+8.0-3.1+11.1-6.4+14.4

+13.7-10.9+24.6-9.7+23.4

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

Texol Oils FZC, the joint venture between Gandhar Oil Refinery and ESPE Oils FZC, has been liquidated. The parties executed a termination agreement on October 17, 2025, following board approval on September 23, 2025 to close and wind up the venture.

Likely market impact

The company expects no material impact on its operations because the joint venture was not beneficial.