Gandhar Oil Refinery (India) Limited — Important, 02-04-2025: General Updates

Gandhar Oil Refinery (India) Ltd has received a cautionary letter from the National Stock Exchange regarding the delayed submission of the outcome from the Board Meeting held on July 25, 2024, which was intended to approve the incorporation of a wholly owned subsidiary. While the company acknowledges this compliance issue, it states that there is no impact on its financial or operational activities. This situation highlights the need for improved governance, which could be viewed as a potential risk by investors. Remaining compliant with timelines will be crucial for maintaining investor confidence going forward.