Gandhar Oil Refinery Declares Interim Dividend; Announces Key Governance Changes and Releases Qended June Results
Gandhar Oil Refinery (India) Limited, during its Board meeting held on July 22, 2026, announced the declaration of an interim dividend while releasing the unaudited financial results for the quarter ended June 30, 2026. The company also made several updates regarding corporate governance, including the appointment of a new independent director and the reconstitution of its Risk Management Committee.The Board meeting reviewed and approved matters related to the company's operational performance, strategic appointments, and structural alterations.
Interim Dividend Declaration
Announcing a significant payout, the Board declared an Interim Dividend of Rs. 2 per Equity Share for the financial year 2026-27. This dividend represents 100% of the face value of the equity share. The record date for members to be entitled to this interim dividend has been set as July 31, 2026.Financial Performance Qended June 30, 2026
The company released unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.Standalone Unaudited Results (Quarter Ended June 30, 2026)
| Metric | Quarter Ended 30-06-2026 | Quarter Ended 31-03-2026 | Quarter Ended 30-06-2025 | Year Ended 31-03-2026 (Audited) |
|---|---|---|---|---|
| Revenue from operations | 1,591.05 Cr | 929.38 Cr | 745.44 Cr | 3,422.56 Cr |
| Total Income (1+2) | 1,594.47 Cr | 934.81 Cr | 748.64 Cr | 3,444.00 Cr |
| Total Expenses | 1,358.11 Cr | 875.27 Cr | 716.82 Cr | 3,263.07 Cr |
| Profit before tax (7-8) | 236.36 Cr | 59.54 Cr | 31.82 Cr | 180.93 Cr |
| Profit/(Loss) for the period (9-10) | 178.82 Cr | 44.13 Cr | 26.22 Cr | 138.39 Cr |
Consolidated Unaudited Results (Quarter Ended June 30, 2026)
| Metric | Quarter Ended 30-06-2026 | Quarter Ended 31-03-2026 | Quarter Ended 30-06-2025 | Year Ended 31-03-2026 (Audited) |
|---|---|---|---|---|
| Revenue from operations | 1,731.93 Cr | 1,093.37 Cr | 902.96 Cr | 4,241.18 Cr |
| Total Income (1+2) | 1,734.95 Cr | 1,097.57 Cr | 905.65 Cr | 4,254.60 Cr |
| Total Expenses | 1,471.19 Cr | 1,045.09 Cr | 873.87 Cr | 4,074.17 Cr |
| Profit before tax (7-8) | 263.76 Cr | 52.48 Cr | 31.78 Cr | 180.54 Cr |
| Profit/(Loss) for the period (11-12) | 263.76 Cr | 37.05 Cr | 26.09 Cr | - |
Governance and Management Updates
The Board meeting also addressed several key corporate actions:Appointment of Director:
Mr. Shyam Chandrabhan Agrawal was appointed as an Additional Non-Executive Independent Director for a term of five consecutive years, effective from July 22, 2026, to July 21, 2031. This appointment fills the casual vacancy caused by the resignation of Mrs. Deena Asit Mehta. Mr. Agrawal is described as a distinguished ophthalmic surgeon and healthcare entrepreneur with over 44 years of experience in medical practice and community service.
Committee Reconstitution:
The Risk Management Committee was reconstituted, filling the casual vacancy left by the resignation of Mrs. Deena Mehta, former Chairman of the committee. Mr. Shyam Chandrabhan Agrawal was appointed as the Chairman of the revamped committee. The current members are listed below:
| Director Name | Category | Designation in Committee |
|---|---|---|
| Mr. Shyam Chandrabhan Agrawal | Non-Executive - Independent Director | Chairman |
| Mr. Ramesh Babulal Parekh | Executive Director | Member |
| Mr. Aslesh Parekh | Executive Director | Member |
Memorandum Alteration:
The company proceeded with the insertion of clause 75 under Clause III (B) of its Memorandum of Association. This new objective permits the company to engage in the business of dealing, investing, trading, buying, selling, hedging, and arbitraging financial instruments such as stocks, securities, bonds, derivatives, currencies, commodities, and all other products permitted under applicable laws and regulations.
Annual General Meeting (AGM) Details
The 34th Annual General Meeting (AGM) of the Company is scheduled to be held on Friday, September 11, 2026, via Video Conferencing (VC) or Other Audio Visual Means (OAVM). Additionally, Sandhya R. Malhotra, Partner at M/s Manish Ghia & Associates, was appointed as the Scrutinizer for conducting e-voting at the ensuing AGM.GANDHAR Stock Price Movement
Gandhar Oil Refinery's stock rallied on Wednesday, settling at ₹236.19 after a strong climb of 4.02% in trading. The equity saw significant investor enthusiasm, with approximately 6.97 million shares traded as the company pushed toward its 52-week high.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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