Gandhar Oil Refinery (India) Limited — Others, 22-05-2025: Change in Management

Gandhar Oil and Refinery (India) Ltd has announced a board meeting to approve the financial results for the quarter and half-year. The company reported consolidated revenue of Rs. 3,897 Cr and net profit of Rs. 79.29 Cr for the year, sharply down from Rs. 1,405 Cr last year due to margin pressures despite stable volumes. A final dividend of Rs. 0.50 per share (face value Rs. 2) is proposed. M/s. KJK & Associates have been appointed as new statutory auditors, while internal and cost auditors were re-appointed. Independent Director Amrita Nautiyal and Managing Director Ramesh Parekh are up for re-appointment. The board approved the 33rd AGM to be held via video conferencing. The company is leveraging IPO proceeds to fund subsidiary loans, expand capacity, and support working capital.