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
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 0.2 pts more than its Lubricants peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Gandhar Coal & Mines Private Limited, part of the promoter group of Gandhar Oil Refinery (India) Ltd, bought 51,842 equity shares (0.05% of paid-up capital) through the open market on 23 December 2025. This is a small, incremental purchase rather than a large block deal. Post-acquisition, Gandhar Coal & Mines's holding in the company stands at 12,33,295 shares, representing 1.25% of the total equity share capital. The disclosure has been filed under Regulation 29(2) of SEBI Takeover Regulations, 2011, which is mandatory whenever any shareholder's stake changes by more than 2% in a single transaction or when aggregate changes cross certain disclosure thresholds.
This is a modest promoter-group buying signal — incremental and small in size, so it is more of a confidence gesture than a material change. Shareholder impact is neutral to mildly positive, as promoter purchases typically signal insider confidence, but the 0.05% addition will not meaningfully move shareholding patterns or require any corporate action.