Gandhar Oil Secures ₹229.2 Million Customs Refund Boosting Working Capital

Gandhar Oil Refinery India Ltd has announced a significant regulatory development after securing a favourable customs refund order from the Office of the Commissioner of Customs (Appeals), Mumbai Customs Zone-I. The company disclosed the update under SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations.

The sanctioned refund pertains to claims filed by the company for the financial years 2018-19 and 2019-20, marking a positive outcome in a long-standing appeal process.

Refund Order Strengthens Financial Position

• According to the company’s filing, the Assistant Commissioner of Customs (Appeals) approved the refund amounting to ₹22.92 crore (₹229.2 million). The original order dated April 30, 2026, was received by the company on May 6, 2026. 
• The company stated that the sanctioned refund will help augment its working capital, potentially improving liquidity and supporting operational efficiency. The development is viewed as financially positive for Gandhar Oil Refinery India, especially amid evolving market and commodity conditions.

Regulatory Compliance And Corporate Disclosure

The disclosure was made in compliance with Regulation 30 of SEBI LODR norms, highlighting the company’s adherence to corporate governance and transparency standards. The announcement was signed by Compliance Officer and Company Secretary Binal Khosla. 

Key Highlights

• Refund claim worth ₹229.2 million sanctioned by Customs Appeals authority
• Claims relate to FY 2018-19 and FY 2019-20
• Order received on May 6, 2026
• Refund expected to improve working capital position
• Disclosure made under SEBI Regulation 30 norms

Sources: Gandhar Oil Refinery India Ltd regulatory filing