GP Petroleums Limited has informed the Exchange regarding Appointment of Mr Sukumaran Jeyakrishnan as Non- Executive Independent Director of the company w.e.f. May 27, 2026.
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GP Petroleums Limited held its Board Meeting on May 27, 2026, approving several items. Financially, the company reported standalone revenue of Rs 64,261.09 Lakhs for FY2026, up from Rs 60,984.41 Lakhs in FY2025, with Profit After Tax of Rs 2,647.49 Lakhs and EPS of Rs 5.19. An exceptional item of Rs 326.33 Lakhs was recognized due to incremental employee benefit liability under new Labour Codes. Key board changes include appointment of Mr. Sukumaran Jeyakrishnan as Additional Non-Executive Independent Director for 2 years, elevation of Mr. Dilip U Vaswani from Senior Advisor to Additional Non-Executive Director, and resignation of Mrs. Deepa Goel as Non-Executive Director. Mr. Ashish Garg was appointed as VP - Operations & Supply Chain Management. The company also proposed acquiring adjoining land at Raliawas, Haryana from a related party. Public shareholding increased to 62.95% from 57.63% previously.
The company delivered steady financial growth with ~5% revenue increase. Multiple board changes including a new independent director appointment and one director resignation may signal governance updates. The related party land acquisition warrants monitoring for potential related party transaction implications.