GP Petroleums Limited has informed the Exchange regarding Appointment of Mr Ashish Garg as Other of the company w.e.f. May 27, 2026.
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GP Petroleums reported audited standalone revenue of Rs 64,261.09 Lakhs for FY2026, up 5.4% from Rs 60,984.41 Lakhs in FY2025. Profit After Tax stood at Rs 2,647.49 Lakhs vs Rs 2,632.42 Lakhs in the prior year, with EPS of Rs 5.19. The Board approved multiple appointments: Mr. Ashish Garg as Senior Management Personnel (VP - Operations & Supply Chain), Mr. Dilip U Vaswani elevated from Senior Advisor to Additional Non-Executive Director, and Mr. Sukumaran Jeyakrishnan as Additional Non-Executive Independent Director for 2 years. Mrs. Deepa Goel resigned as Non-Executive Director effective May 27, 2026. The company also proposed acquiring adjoining land to its Raliawas, Haryana warehouse from a related party. Statutory auditors J Mandal & Co. LLP issued an unmodified opinion on the financial results.
The appointment of new directors and SMT personnel signals board strengthening and succession planning. The resignation of Mrs. Deepa Goel represents a board-level change. The 5.4% revenue growth and stable profitability indicate steady operational performance despite market conditions.