Pursuant to Regulation 30 read with Clause 20 of Para A of Part A of Schedule III of SEBI (LODR) Regulations, 2015, the Company has received an Order from the office of the Commissioner ....
GANDHAR · price
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Gandhar Oil Refinery (India) Ltd has received a favourable order from the Assistant Commissioner of Customs (Appeals), Mumbai Zone – I. The order sanctions a refund claim of Rs. 22,92,06,499 (approximately Rs. 229.2 crore) for customs refund claims filed by the company for the periods 2018-19 and 2019-20. The original order was dated April 30, 2026, and the company received it on May 6, 2026. This is a positive development as the refund has been found admissible by the customs department.
This favourable order will augment the company's working capital by about Rs. 229.2 crore, providing a boost to its liquidity position. This is a positive signal for shareholders as it represents a cash inflow.