Proposed incorporation and investment in wholly owned subsidiary
GANDHAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gandhar Oil Refinery's Board meeting on May 26, 2026 approved multiple items including audited Q4 and FY2026 financial results. Standalone revenue for the quarter was Rs 929.38 crore and full year was Rs 3,422.56 crore, with net profit of Rs 138.39 crore vs Rs 75.30 crore in the prior year — nearly doubling year-on-year. Consolidated revenue for the year stood at Rs 4,241.18 crore with net profit of Rs 137.25 crore. The Board also approved the proposed incorporation of a new wholly-owned subsidiary in South Africa and the purchase of land at Village Kherane Khurd, Tal. Panvel, Dist. Raigad (approx. 21,551 sq. mtrs). Key leadership reappointments include Mr. Samir Parekh and Mr. Aslesh Parekh as Joint-Managing Directors for another 5 years, and two new director appointments. The Audit and Nomination & Remuneration Committees were reconstituted following Mrs. Deena Mehta's resignation.
Strong financial performance with near-doubling of net profit year-on-year, and the new South Africa subsidiary signals geographic expansion of the oil and specialty products business. The land purchase indicates capacity expansion plans. No immediate negative signals for shareholders.