The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gandhar Coals & Mines Pvt Ltd
GANDHAR · price
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Awaiting price reaction for this filing.
Gandhar Coals & Mines Private Limited, part of the promoter group of Gandhar Oil Refinery (India) Ltd, purchased 2,590 equity shares through the open market on 23 February 2026. The holding of this promoter group entity rose from 16,30,620 shares (1.67%) to 16,33,210 shares (1.67%) of the company's share capital. The total equity share capital of Gandhar Oil Refinery stands at Rs. 19.57 crore, comprising 9,78,79,530 equity shares of Rs. 2 each. The acquisition size is negligible at 0.00% of total share capital, suggesting this is likely a routine compliance filing rather than a meaningful strategic purchase.
The acquisition is too small (just 2,590 shares) to materially affect shareholder value or stock price. It signals continued minor promoter group buying interest but carries no significant investment implication for retail shareholders.