Gandhar Oil Refinery (India) Limited — JV/Acquisition, 12-11-2025: Amalgamation/Merger

Gandhar Oil's Board has discontinued the planned merger with its wholly-owned subsidiary, Gandhar Shipping & Logistics. Citing business and operational considerations, the company will instead pursue voluntary liquidation of the subsidiary under applicable laws. Last year, Gandhar Shipping contributed minimal revenue (₹0.64 Cr) and net worth (₹6.68 Cr) to Gandhar Oil. Therefore, this strategic move is not expected to materially impact the company's consolidated financials. The liquidation process is set to complete within statutory timelines.