Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Change in Composition of Committee of the Board
GANDHAR · price
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Gandhar Oil Refinery reported strong FY26 results with standalone revenue of Rs 3,422.56 crore (up 8.3% YoY) and profit after tax of Rs 138.39 crore (up 83.8% YoY). Consolidated revenue stood at Rs 4,241.18 crore with PAT of Rs 137.25 crore (up 64.3% YoY). EPS improved to Rs 14.14 from Rs 7.69. Auditors gave unmodified opinion. Key board changes include re-appointment of Joint-Managing Directors Samir and Aslesh Parekh for 5 years each, appointment of Santokhsingh Sandhu as Independent Director and Jatin Dhamani as Whole Time Director. Mrs. Deena Mehta resigned from committees. The company plans to incorporate a wholly-owned subsidiary in South Africa and has signed an agreement to purchase 21,551 sq. meters of land at Panvel, Raigad for expansion. IPO proceeds of Rs 317.44 crore have been fully utilized.
The company delivered exceptional profit growth in FY26 with PAT doubling year-on-year. Strong operational cash flow of Rs 113.86 crore demonstrates cash generation capability. New land acquisition and South Africa subsidiary plans indicate expansion focus. Board reconstitution with new independent director strengthens governance.