Date: November 07, 2026
Fundraising / Financing
GP Petroleums Limited has allotted 300 Secured, Unrated, Unlisted, Redeemable Non-Convertible Debentures (NCDs) to RevX Special Credit Opportunities Fund II on a private placement basis.
Key Terms:
- Face value: ₹10,00,000 (Rupees Ten Lakh) per NCD
- Total issue size: ₹30,00,00,000 (Rupees Thirty Crore)
- Type: Secured, Unrated, Unlisted, Redeemable Non-Convertible Debentures
- Allottee: RevX Special Credit Opportunities Fund II
- Placement method: Private placement
Approval Details:
- Approved by Board of Directors via circulation resolution
- Resolution date: November 06, 2026
Regulatory Compliance:
- The issuance falls within existing borrowing limits approved by shareholders under Section 180(1)(c) of the Companies Act, 2013
- No fresh shareholder approval required
- Detailed terms were previously disclosed to stock exchanges pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following the board meeting dated September 30, 2026
- Reference made to SEBI Master Circular dated January 30, 2026
Not Specified: Financial Results, Dividend Declaration, KMP/Board Changes, Auditor Report, Disinvestment/Strategic Actions, Media Release/Investor Communication