Company Disclosure under SEBI Regulation 30

Board Meeting Details

The Board of Directors meeting was held on Thursday, October 29, 2026 through virtual video conferencing facility.

Key Decisions Approved

1. Appointment of New Independent Director

The Board approved the appointment of Mr. Devesh Bhargava (DIN: 02001318) as Additional Non-Executive Independent Director based on the recommendation of Nomination & Remuneration Committee.

Appointment Details:

  • Effective from: October 29, 2026
  • Term: Five years (until October 28, 2031)
  • Status: Additional Director until regularization by members of the Company
  • Terms and conditions: To be mutually agreed between the Board and the director

Compliance Confirmation: Mr. Devesh Bhargava is not debarred from holding director office by any SEBI or other authority order.

Director Profile: Mr. Devesh Bhargava is a mechanical engineering graduate from IIT Roorkee with MBA (International Finance) from IIM Bangalore. He currently manages DBR Credit Capital, focusing on corporate restructuring, turnaround management, and special situation advisory in energy, infrastructure, real estate, and metal & mining sectors. Previously, he led Lehman Brothers in India (2005-06) as Managing Director & Head, Fixed Income/SSG India, managing over USD 2 billion in investment deals. He also incubated GE Real Estate and Corporate Finance/Distressed vertical in India and worked with ING as Head, Corporate Finance Services, and Bank of America as VP - Investment Banking & Global Market Group, Asia (1992-2001).

Relationship Disclosure: No inter-se relations between Mr. Devesh Bhargava and other Board Members of the Company.

2. Resignation of Independent Director

The Board noted the resignation of Mr. Thamattoor Prabhakaran Nair (DIN: 03608795) from the position of Independent Director.

Resignation Details:

  • Effective from: Close of business hours on October 30, 2026
  • Reason: Personal reasons and other professional commitments
  • Confirmation: No material reasons other than those stated

Additional Information

  • The information has been made available on the company website at www.gpgl.in
  • Filed by Nisha Valechani, Company Secretary & Compliance Officer
  • Company CIN: L40300RJ1985PLC047105