GP Petroleums Limited has informed the Exchange about Re-appointment of Cost Auditors of the Company.
GULFPETRO · price
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GP Petroleums reported FY26 consolidated revenue of Rs. 6,426 Lakhs, up 5.4% from Rs. 6,098 Lakhs in FY25. Profit after tax stood at Rs. 2,647 Lakhs versus Rs. 2,632 Lakhs YoY, showing marginal growth despite higher revenue. The company recognised Rs. 326.33 Lakhs as exceptional items (related to new Labour Code compliance for employee benefits). Cash position improved significantly to Rs. 251.16 Lakhs from Rs. 15.04 Lakhs. The company reappointed PNG & Co. as internal auditors and Dilip M. Bathija as cost auditors for FY27. Key management changes include appointment of Mr. Ashish Garg as VP Operations & Supply Chain Management, elevation of Mr. Dilip U Vaswani as Additional Non-Executive Director, appointment of Mr. Sukumaran Jeyakrishnan as Independent Director, and resignation of Mrs. Deepa Goel. The Board also approved acquisition of adjoining land at Raliawas, Haryana from a related party.
Revenue growth of 5.4% is positive but flat PAT growth indicates cost pressures. Exceptional labour code charges impacted Q4/Q1 FY27 profits. The related party land acquisition and management restructuring may signal strategic intent. Improved cash position provides flexibility.