The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ramesh Parekh
GANDHAR · price
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Mr. Ramesh Babulal Parekh, a member of the promoter group of Gandhar Oil Refinery (India) Ltd, purchased 50,000 equity shares through the open market on June 8, 2026. This acquisition increased his stake in the company from 28.62% (2,80,13,889 shares) to 28.67% (2,80,63,889 shares), a rise of 0.05 percentage points. The disclosure was filed under Regulation 29(2) of SEBI's SAST Regulations, 2011, and submitted to both BSE and NSE on June 10, 2026. The transaction did not involve any encumbrance, pledge, or off-market transfer.
This is a small open-market purchase by a promoter, which signals insider confidence in the company's prospects. The change is minor and unlikely to materially affect the stock price, but it reinforces promoter commitment to existing shareholders.