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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Awaiting price reaction for this filing.
Gandhar Coal & Mines Private Limited, part of the Promoter Group of Gandhar Oil Refinery (India) Ltd, acquired 2,00,000 equity shares (0.20%) through open market purchases on December 15, 2025. The acquisition raised its holding from 6,24,368 shares (0.64%) to 8,24,368 shares (0.84%). The filing was submitted to BSE and NSE under SEBI Takeover Regulations on December 17, 2025. The company's total equity base stands at 9,78,79,530 shares of Rs 2 each. No encumbrance or pledge activity is involved — this is a straightforward open market purchase by the promoter group.
This signals continued promoter group confidence in the company, though the stake increase is small and unlikely to materially move the stock price. Retail investors may view it as a mild positive sign of insider confidence.