GP Petroleums Limited has informed the Exchange regarding Appointment/Elevation of Mr Dilip U Vaswani as Non- Executive Director of the company w.e.f. May 27, 2026.
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GP Petroleums Limited reported FY26 audited standalone and consolidated results with revenue from operations of Rs 64,261.09 Lakhs (up 5.4% YoY) and profit after tax of Rs 2,647.49 Lakhs (up from Rs 2,632.42 Lakhs). Basic EPS for FY26 stood at Rs 5.19. The Board approved: (1) elevation of Mr. Dilip U Vaswani from Senior Advisor to Additional Non-Executive Director, (2) appointment of Mr. Sukumaran Jeyakrishnan as Additional Non-Executive Independent Director for 2 years, and (3) resignation of Mrs. Deepa Goel as Non-Executive Director effective May 27, 2026. Additionally, the company proposed acquiring adjoining land at Raliawas, Haryana from a related party. Statutory auditors J Mandal & Co. LLP issued an unmodified opinion on the financial results.
The company showed stable growth with improved profitability year-on-year. The resignation of Mrs. Deepa Goel and simultaneous appointment of two new directors indicates board restructuring. The land acquisition from a related party may require careful monitoring for related party transaction compliance.