StockWatch
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Lubricants
Management Change27 Oct 2026, 05:22 pm

GP Petroleums Announces Management Changes and Q2 Results

AI Summary

GP Petroleums Ltd held a board meeting on October 27, 2026, where they approved the unaudited financial statements for the quarter and half-year ended September 30, 2026. The company also announced significant changes in its leadership. Mr. Arjun Verma has been elevated to Managing Director. Mr. Ayush Goel has been re-designated as Executive Chairman. Mr. Dilip Vaswani will now serve as Co-Chairman. Additionally, Mr. Jogesh Sharma has been appointed as COO – Lubricants, and Mr. Sunil Kumar Shetty as CHRO. These changes are effective October 27, 2026, and are subject to member approval.

Key Highlights

  • Board approved unaudited financial results for Q2 and H1 FY27.
  • Arjun Verma elevated to Managing Director.
  • Ayush Goel re-designated as Executive Chairman.
  • Dilip Vaswani appointed Co-Chairman.
  • Key senior management elevations to COO and CHRO.