With reference to the previous announcement dated 11th May, 2026 and in compliance with Regulation 30 read with Schedule III, Part A, Para A (7) of the SEBI Listing Regulations, we wish ....
GANDHAR · price
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On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 0.8 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 Oil Refinery has disclosed the resignation of Mr. Sanjay Bharadwaj from the position of Senior Vice President - Manufacturing in the Operations Department at the Silvassa Plant, effective from the closing hours of May 11, 2026. The resignation is due to personal reasons. The company also corrected an earlier announcement that had incorrectly stated the date as May 5, 2026 instead of May 11, 2026. Mr. Bharadwaj was classified as Senior Management Personnel but not as a Key Managerial Personnel (KMP) such as CEO, CFO, or Whole-time Director.
This is a routine mid-level management departure in the manufacturing/operations function. It is unlikely to have a significant impact on stock price as it does not involve C-suite or board-level executives. The correction of the earlier date suggests routine administrative handling rather than any governance concern.