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, 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.