Gandhar Oil Refinery (India) Limited — JV/Acquisition, 04-02-2025: Amalgamation/Merger

Gandhar Oil Refinery (India) Ltd. is set to merge its wholly-owned subsidiary, Gandhar Shipping & Logistics Pvt. Ltd., into itself. This amalgamation aims to enhance operational efficiency by consolidating resources and streamlining management processes. No new shares will be issued, as the entire share capital of the subsidiary is already held by the parent company. The appointed date is anticipated to be April 1, 2025, with the expectation of reduced costs and improved market positioning following the merger. This strategic move is expected to strengthen overall shareholder value.