Appointment and Resignation of Directors of the Company.
GULFPETRO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
GP Petroleums Limited held its Board meeting on May 27, 2026, approving FY2026 audited results: consolidated revenue of Rs. 64,261 Lakhs (up 5.4% YoY), net profit after tax of Rs. 2,647 Lakhs, and EPS of Rs. 5.19. The company also reappointed PNG & Co. as Internal Auditors and Dilip M. Bathija as Cost Auditors for FY2026-27. In board changes, Mr. Dilip U. Vaswani was elevated from Senior Advisor to Additional Non-Executive Director, and Mr. Sukumaran Jeyakrishnan was appointed as Additional Non-Executive Independent Director for two years. Mrs. Deepa Goel resigned as Non-Executive Director effective close of business on May 27, 2026. The company also proposed acquiring adjoining land at its Raliawas, Haryana warehouse from a related party. Statutory auditors J Mandal & Co. LLP issued an unmodified opinion on the financial results.
The resignation of Mrs. Deepa Goel from the board signals a potential governance change that investors should monitor. The elevation of an internal senior leader and appointment of an independent director suggest board restructuring, while the land acquisition proposal from a related party requires close attention to transaction terms and fairness.