Key Decisions and Approvals

The Board of Directors meeting commenced at 12:55 PM and concluded at 02:35 PM on October 27, 2026. The Board considered and approved the following matters:

Financial Results

1. Approved the Unaudited Financial Statements (Standalone and Consolidated) for the quarter and half year ended September 30, 2026.

2. The Limited Review Report was issued by M/s. J Mandal & Co. LLP, Chartered Accountants, Statutory Auditors of the Company.

3. The results are being uploaded on the Company's website (www.gppetroleums.co.in) and will be published in compliance with Regulation 47(1) of SEBI LODR Regulations.

Management Changes and Appointments

Directors:

  • Mr. Arjun Verma (DIN: 10102249): Elevated from Whole Time Director (Designated as Executive Director) to Managing Director effective October 27, 2026, with revision in terms of appointment and remuneration. Term: Three years from October 27, 2026, subject to member approval at General Meeting/Postal Ballot.
  • Mr. Ayush Goel (DIN: 02889080): Re-designated from Chairman & Managing Director to Chairman & Whole Time Director (Executive Director), to be designated as Executive Chairman. Effective October 27, 2026, until remaining term ending January 05, 2031, subject to member approval.
  • Mr. Dilip Vaswani (DIN: 01944741): Conferment of designation of Co-Chairman upon the Non-Executive, Non-Independent Director, effective October 27, 2026.

Senior Management Personnel:

  • Mr. Jogesh Sharma: Elevated from Vice President Industrial Lubricants to Chief Operating Officer - Lubricants (COO-Lubricants), effective October 27, 2026.
  • Mr. Sunil Kumar Shetty: Elevated from Vice President - HR & Admin to Chief Human Resource Officer (CHRO) - HR & Administration, effective October 27, 2026.

Background and Qualifications

  • Mr. Arjun Verma: Post-graduate from Kanpur University and qualified Chartered Accountant with over 35 years experience in Finance, Treasury, Accounts and Taxation. Associated with GP Petroleums since December 2017. Previously served as Business Controller at Reliance Communications Limited.
  • Mr. Ayush Goel: Graduate from Delhi University with MBA in Family Managed Business from SP Jain Institute. Over a decade of experience in management, finance and business operations across manufacturing and trading sectors.
  • Mr. Dilip Vaswani: Over 28 years experience with Total Group, including former Chairman & MD of Total Oil India Pvt. Ltd., President & MD of Total (Philippines) Corporation, and Vice President of Total Oil Asia-Pacific.
  • Mr. Jogesh Sharma: B.E. (Automobile) from University of Mumbai with over 32 years professional experience, including 31 years with GP Petroleums.
  • Mr. Sunil Kumar Shetty: Human Resources professional with over 25 years experience, previously with Total Group SA, Tata Group and Jet Airways. Holds Master's degree in Human Resource Management from Pondicherry University.

Relationship Disclosures

  • Mr. Arjun Verma: Not related to any Directors
  • Mr. Ayush Goel: Not related to any Directors; part of Promoter Group
  • Mr. Dilip Vaswani: Not related to any Directors
  • Mr. Jogesh Sharma: Not related to any Directors
  • Mr. Sunil Kumar Shetty: Not related to any Directors

Director Eligibility

None of the appointees are debarred from holding office of director by virtue of any SEBI order or other authority.

#GP Petroleums #BoardMeeting #SEBIDisclosure #ManagementRestructuring #Q2Results #RegulatoryCompliance #Neutral