
Loan & Debt7 Nov 2026, 01:32 pm
GP Petroleums Allots ₹30 Cr NCDs to RevX Fund
AI Summary
GP Petroleums Ltd has approved the allotment of 300 Secured, Unrated, Unlisted, Redeemable Non-Convertible Debentures (NCDs) with a face value of ₹10,00,000/- each, aggregating to ₹30,00,00,000/- (Rupees Thirty Crore only). The allotment is on a private placement basis to RevX Special Credit Opportunities Fund II. This issuance is within the company's approved borrowing limits under Section 180(1)(c) of the Companies Act, 2013, and does not require fresh member approval. Details of this NCD issuance were previously disclosed following the Board Meeting on September 30, 2026.
Key Highlights
- GP Petroleums Ltd allots ₹30 Crore in NCDs.
- Allotment is to RevX Special Credit Opportunities Fund II.
- NCDs are secured, unrated, unlisted, and redeemable.
- Issuance is within existing borrowing limits.
- No fresh member approval required.
Price Impact
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