Appointment of Mr. Ashish Garg as VP - Operations and Supply Chain Management of the Company w.e.f May 27, 2026.
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 audited financial results for FY2026 (year ended March 31, 2026). Total income stood at Rs. 64,829 Lakhs, up from Rs. 61,245 Lakhs in FY2025, driven by higher revenue from operations. Profit After Tax increased marginally to Rs. 2,647 Lakhs vs Rs. 2,632 Lakhs, with EPS of Rs. 5.19. Exceptional items of Rs. 326 Lakhs were recorded due to increased employee benefit liability under new Labour Codes. The Board appointed Mr. Ashish Garg as VP - Operations and Supply Chain Management (Senior Management Personnel) and elevated Mr. Dilip U Vaswani to Additional Non-Executive Director, while Mrs. Deepa Goel resigned as Non-Executive Director. Additionally, the Board approved acquisition of adjoining land at Raliawas, Haryana from a related party.
The company showed steady performance with revenue growth and stable profitability. The resignation of Mrs. Deepa Goel and appointment of two new directors indicates board restructuring. The related party land acquisition warrants monitoring for potential related party transaction scrutiny.