GULFPETRONSEGP Petroleums LimitedMediumNeutral
Announced Wed, 27 May · 20:06 IST

GP Petroleums Limited has informed the Exchange regarding Resignation of Mrs Deepa Goel as Non- Executive Director of the company w.e.f. May 27, 2026.

Management Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
+4.9%1-day move
₹36.90
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₹37.30
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AI summary

GP Petroleums Limited held its Board meeting on May 27, 2026, which included several outcomes. The company reported FY2026 audited standalone revenue of Rs 64,261 Lakhs and net profit of Rs 2,647 Lakhs, with EPS of Rs 5.19. Multiple board changes occurred: Mrs. Deepa Goel resigned as Non-Executive Director effective from close of business hours on May 27, 2026. She was replaced through two appointments - Mr. Dilip U Vaswani was elevated from Senior Advisor to Additional Non-Executive Director, and Mr. Sukumaran Jeyakrishnan was appointed as an Additional Non-Executive Independent Director for two years. The Board also approved appointment of Mr. Ashish Garg as VP - Operations & Supply Chain Management, reappointed auditors, and proposed acquisition of adjoining land at Raliawas, Haryana from a related party. Promoter shareholding decreased to 37.05% from 42.37% while public shareholding increased to 62.95%.

Likely market impact

Mrs. Deepa Goel's resignation is a routine board change with two new director appointments maintaining board strength. The resignation letter with reasons was submitted but no concerns were flagged. The stock impact should be neutral as the company maintained governance balance with independent director appointment.