Gandhar Oil Refinery (India) Limited — Important, 29-03-2025: General Updates

Gandhar Oil Refinery (India) Limited has announced a board meeting to discuss the incorporation of its wholly owned subsidiary, Gandhar Lifesciences Private Limited, which received approval from the Ministry of Corporate Affairs. The subsidiary, incorporated on August 23, 2024, boasts an authorized and paid-up capital of ₹1 crore (Cr), consisting of 10,00,000 equity shares of ₹10 each.

This strategic move into the pharmaceuticals and cosmetics industry could enhance growth prospects for the company. While investor sentiment may lean towards a positive outlook, they should assess potential risks associated with diversification into new sectors.