Ramesh Babulal Parekh, promoter and director of Gandhar Oil Refinery (India) Ltd, has acquired 50,000 equity shares through open market transactions, raising his personal stake in the company.
The transaction, carried out on June 16, 2026, was disclosed to the BSE and NSE on June 18 under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Shares of Gandhar Oil Refinery were trading at ₹175.58, up 12.44% from the previous close of ₹156.15. During the session, the stock touched a high of ₹182 and a low of ₹156.60.
The company has a market capitalisation of ₹1,718.57 crore and trades at a P/E ratio of 11.15.
Promoter Stake Rises
Following the purchase, Ramesh Parekh’s holding increased to 2,81,39,627 shares, equivalent to 28.74% of the company’s paid-up equity capital.
Before the transaction, he held:
- 2,80,89,627 shares
- Stake of 28.69%
The promoter’s shareholding remains unpledged, according to the disclosure.
Open Market Purchase
The shares were acquired through open market transactions rather than preferential allotments or inter-se transfers.
The disclosure stated that the acquisition involved:
- 50,000 shares
- Purchase date: June 16, 2026
- Disclosure date: June 18, 2026
Business Profile
Gandhar Oil Refinery (India) Ltd manufactures specialty oils and lubricants under the Divyol brand.
Its products include:
- White oils
- Liquid paraffin
- Petroleum jelly
- Specialty lubricants
The company caters to sectors such as:
- Pharmaceuticals
- Cosmetics and personal care
- Food processing
- Plastics
- Rubber
- Textiles
- Cables
Apart from India, the company has operations and exports across Asia, Europe, Africa and the Americas.
Expansion Plans
According to the report, Gandhar Oil is expanding production capacity through domestic facilities and its operations in the UAE.
The additional capacities are expected to support future growth.
Peer Comparison
Investors often compare the company with other listed specialty oil players, including:
- Panama Petrochem Ltd
- Savita Oil Technologies Ltd
TL;DR:
Promoter and director Ramesh Babulal Parekh bought 50,000 shares of Gandhar Oil Refinery through open market transactions, increasing his direct stake from 28.69% to 28.74%.
AI summary:
- Ramesh Parekh purchased 50,000 shares of Gandhar Oil.
- His stake rose from 28.69% to 28.74%.
- The transaction took place on June 16.
- The disclosure was made to BSE and NSE on June 18.
- Gandhar Oil shares gained more than 12% during the session.
