Pursuant to Regulation 30 read with Clause 20 of Para A of Part A of Schedule III of SEBI (LODR) Regulation, 2015 ("Listing Regulations"), the Company has received refund sanctioned order ....
GANDHAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gandhar Oil Refinery received a refund order from the Deputy Commissioner of Customs, CRARS, Mumbai, sanctioning a customs duty refund of ₹17,69,43,960 (approx. ₹17.69 crore) for the period 2017-18 under Section 27 of the Customs Act, 1962. The original order was dated 25 May 2026 and received by the company on 29 May 2026. The refund was found admissible by the department. The company stated the favourable order will augment its working capital position.
A refund of ~₹17.69 crore will improve the company's working capital, providing a modest liquidity boost. However, this is a one-time tax recovery, not revenue from operations, and does not indicate new business or order flow.