Gandhar Oil Refinery (India) Limited — Others, 04-02-2025: ESOP/ESOS/ESPS

The Board has approved the unaudited financial results for the quarter and nine months ended December 31, 2024, reporting a revenue of ₹29,351.99 million, showing a decline from ₹31,739.73 million year-over-year. A significant development includes the proposed amalgamation of subsidiary Gandhar Shipping & Logistics Private Limited with Gandhar Oil Refinery, aimed at enhancing operational efficiency and strengthening market positioning. Additionally, 9,708 equity shares were allotted under the Employee Stock Option Plan. This update could signal a positive outlook for growth and consolidation, appealing to investor sentiment.