Ayush Goel has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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GP Petroleums Limited's promoter group has submitted a declaration confirming that no encumbrance (pledge or mortgage) was made on their shares during the financial year ended March 31, 2026. The disclosure was filed by Ayush Goel on behalf of the promoter group, which includes entities like Nivaya Resources Private Limited and several family members. This is a routine regulatory filing under SEBI's takeover regulations requiring promoters to disclose any share pledging activity. The filing lists the complete promoter and promoter group entities without reporting any encumbrance during the period.
A positive development for shareholders as the absence of share pledges reduces risk of potential forced selling by promoters. This declaration indicates promoter confidence and financial stability within the promoter group, though it does not provide any new investment information.