The Exchange had sought clarification from GP Petroleums Limited for the quarter ended 31-Dec-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Consolidated Financial Results not submitted The response of the Company is enclosed.
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The NSE had asked GP Petroleums why it did not file consolidated financial results for the quarter ended 31 December 2025 under SEBI's Listing Regulations. The company replied that it has no subsidiaries as of 31 December 2025, so the rule requiring consolidated quarterly results does not apply to it. It explained that its investment in the joint venture Amron Oil Resources Pvt Ltd is a 50:50 arrangement with West Coast Oils LLP, where both partners must unanimously approve all key decisions, meaning neither side has control. Because of this, the JV is accounted for using the equity method (a single-line entry that picks up the company's share of profits or losses) rather than being line-by-line consolidated. The company also noted that the JV carried out only insignificant business activity during the quarter, so there was nothing material to consolidate. Standalone quarterly results have already been filed in line with the regulations.
This is a routine compliance clarification and not a negative event. There is no financial misstatement or penalty risk — the non-submission of consolidated results is justified. Investors should note the JV's contribution will only show up in the half-yearly and annual results, so quarterly numbers will remain purely standalone.