CFO Arjun Verma resigns; Shirish Suvagia appointed as new CFO

CFO resignedManagement Changes View source PDF Explain this filing

GULFPETRO · price

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Price reactionminutes from the announcement price · days from the prior close

+5.0%Reaction day

₹62.85

prior close

₹65.70

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%+4.3% vs market

On the reaction day the stock moved 4.3 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-2.1

10m

-3.9

15m

-3.6

30m

-4.7

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+5.0+0.7+4.3

Next day

+10.2-1.0+11.2

+12.6-0.3+12.9

+11.0-1.9+12.9

+6.4-4.5+10.9

+5.0-5.5+10.5

+3.5-7.3+10.7

15d

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UpDownMarket · Nifty Microcap 250Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Mr. Arjun Verma has resigned as Chief Financial Officer of GP Petroleums Limited, effective October 15, 2026, citing personal reasons. He will continue as a Whole-Time Director. The company has appointed Mr. Shirish Suvagia, a Chartered Accountant with over 22 years of experience in finance, treasury, M&A and IPO-related work, as the new CFO with effect from the same date.

Likely market impact

Smooth CFO transition with continuity as outgoing CFO stays as Whole-Time Director; limited disruption expected.