GP Petroleums Limited

GP Petroleums Limited's Board of Directors met on August 19, 2026, to discuss several key proposals. The board considered a proposal for fundraising through Optionally Convertible Debentures (OCDs) and Non-Convertible Debentures (NCDs), requesting further information before re-evaluation. Additionally, the board reviewed an Exclusivity Agreement with Incubit DMCC for the potential acquisition of assets in India and Africa, termed 'Project Petroleum'. This agreement, for which an exclusivity fee of USD 100,000 is payable, grants GP Petroleums a four-month exclusivity period for due diligence and negotiations. Incubit DMCC is considered a related party due to common directorship. The trading window for company securities remains closed.

GP Petroleums Ltd has announced a proposed final dividend of ₹0.50 per equity share for FY 2025-26, subject to shareholder approval at the AGM. The record date for this dividend is August 19th, 2026. The company will deduct Tax Deducted at Source (TDS) on the dividend payment as per Income Tax Act provisions. The TDS rate will vary based on the shareholder's residential status and submitted documentation. For resident shareholders, TDS is 10% unless exempt, with a threshold of ₹10,000 for individuals. Specific forms and documents are required for tax exemption claims by various shareholder categories, including insurance companies, mutual funds, and AIFs. Shareholders must ensure their PAN is operative to avoid higher TDS rates.

GP Petroleums Ltd has appointed Ms. Priyanka Sinha as an Additional Non-Executive Independent Director for a term of two years, effective August 12, 2026. This appointment is subject to shareholder approval. Ms. Sinha is a strategic consultant with extensive experience in corporate governance, risk management, and legal strategy, having advised boards and multinational organizations globally. The company also noted the cessation of Mr. Ashok Kumar Gupta as an Independent Director upon completion of his term on August 12, 2026, and expressed appreciation for his contributions.

GP Petroleums Ltd has announced a rescheduling of its Board Meeting, originally set for August 14, 2026, to August 19, 2026. The meeting will inter-alia consider and approve a proposal for raising funds through the issuance of debt securities, such as Non-Convertible Debentures (NCDs) or Optionally Convertible Debentures (OCDs), on a private placement basis or other permissible modes. The trading window for dealing in the company's securities will remain closed for designated persons and their immediate relatives until 48 hours after the meeting concludes. This announcement follows an earlier intimation dated August 07, 2026, and is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

GP Petroleums Ltd has announced that its Board of Directors will convene on August 14, 2026. The primary agenda item is to consider and approve a proposal for raising funds through the issuance of debt securities, such as Non-Convertible Debentures (NCDs) or Optionally Convertible Debentures (OCDs). This fund-raising can be done on a private placement basis or through other permissible modes, potentially in multiple tranches, subject to necessary approvals. Concurrently, the company has closed its trading window for dealing in securities, effective immediately, until 48 hours after the board meeting concludes, in compliance with SEBI's insider trading regulations.

GP Petroleums Ltd has announced a board meeting scheduled for Friday, August 14, 2026. The primary agenda item is to consider and approve a proposal for raising funds through the issuance of debt securities, such as Non-Convertible Debentures (NCDs) or Optionally Convertible Debentures (OCDs), via private placement or other permissible modes. Concurrently, the company has closed its trading window for dealing in its securities, effective immediately, until 48 hours after the board meeting concludes, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

GP Petroleums Ltd has announced its 43rd Annual General Meeting (AGM) will be held on August 26, 2026, via video conferencing. The company has submitted its Annual Report for FY 2025-26 and the AGM notice. The Board has recommended a final dividend of ₹0.50 per equity share, subject to shareholder approval. The Record Date for determining dividend entitlement is August 19, 2026. The company also provided details on TDS on dividend and reminded members to update KYC details.

GP Petroleums Ltd announced strong Q1 FY27 results, with Profit After Tax (PAT) surging 220% year-on-year to ₹20.6 crore. Revenue from operations increased by 46% to ₹230.3 crore, driven by improved operating margins, a better product mix, and operational efficiencies. EBITDA nearly tripled to ₹29.2 crore, with the EBITDA margin expanding significantly to 12.7% from 6.4% in the prior year's quarter. Sequentially, revenue, EBITDA, and PAT also showed substantial growth. The Board of Directors recommended a dividend of ₹0.50 per equity share for FY26, reflecting confidence in the business and commitment to shareholder value.

GP Petroleums Ltd announced board meeting outcomes including the appointment of Mr. Harshavardhan Sinha and Ms. Sandra Martyres as Additional Directors, effective July 24, 2026. The board also approved the Unaudited Standalone & Consolidated Financial Results for the quarter ended June 30, 2026, along with a Limited Review Report. A final dividend of ₹0.50 per share (10%) for FY26 was recommended, subject to member approval. The 43rd AGM is scheduled for August 26, 2026, with August 19, 2026, set as the record date for dividend entitlement. Additionally, Mr. Ajay Navaratne was appointed as Senior Management Personnel.

GP Petroleums Ltd announced that its board has fixed Wednesday, August 19, 2026, as the record date for determining shareholder entitlement to the final dividend for the financial year ended March 31, 2026. The dividend recommendation of ₹0.50 per share (10%) is subject to member approval at the 43rd Annual General Meeting (AGM) scheduled for August 26, 2026. The board also approved the unaudited financial results for the quarter ended June 30, 2026, and appointed two additional directors, Mr. Harshavardhan Sinha and Ms. Sandra Martyres, along with a new Senior Management Personnel, Mr. Ajay Navaratne.