GP Petroleums Board to consider fundraising via debt securities

GP Petroleums Ltd has informed BSE that its Board of Directors will convene a meeting on September 30, 2026. The main agenda for this meeting is to consider and approve a proposal for raising funds. The company plans to raise these funds through the issuance of debt securities or instruments, which may include Non-Convertible Debentures (NCDs) or Optionally Convertible Debentures (OCDs). This issuance could be conducted via a private placement or other permissible methods, in multiple tranches, subject to regulatory approvals. Furthermore, the trading window for the company's securities will remain closed until further notice, in compliance with insider trading regulations.