The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gandhar Coal & Mines Pvt Ltd
GANDHAR · price
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Gandhar Coal & Mines Private Limited, part of the promoter group of Gandhar Oil Refinery (India) Ltd, acquired 51,842 equity shares (0.05% of total share capital) through open market purchases on 23 December 2025. Prior to this acquisition, the entity held 11,81,453 shares (1.20%), and post-acquisition its holding increased to 12,33,295 shares (1.25%). The acquisition was carried out under Regulation 29(2) of SEBI Takeover Regulations, 2011. Total share capital of the company stands at approximately Rs. 19.58 crore divided into 9,78,79,530 equity shares of Rs. 2 each.
This is a small, incremental open-market purchase by a promoter group entity, signaling continued promoter confidence in the company. The change in stake is minor (just 0.05%) and unlikely to have any material impact on share price, but it is a mildly positive sentiment indicator.