GP Petroleums Limited has witnessed a significant shareholding change as GP Global APAC Pte Ltd disposed of 14,33,830 equity shares representing 2.81% of the company's total share capital to AIO Growth Capital Fund SPC through an off-market transaction completed on March 23, 2026.

Transaction Overview

The share transfer involved GP Global APAC Pte Ltd, a Singapore-based promoter entity, selling its stake to AIO Growth Capital Fund SPC, a Cayman Islands-based investment fund. Both entities have made regulatory disclosures under SEBI takeover regulations regarding this transaction.

Seller's Shareholding Pattern

GP Global APAC Pte Ltd, which belongs to the promoter group of GP Petroleums Limited, has disclosed the sale under Regulation 29(2) of SEBI takeover regulations. The company's shareholding in GP Petroleums has been reduced following this transaction.

Buyer's Entry

AIO Growth Capital Fund SPC, registered in the Cayman Islands, has acquired the entire stake disposed by GP Global APAC. The fund, which had no prior holding in GP Petroleums Limited, has made a disclosure under Regulation 29(1) of SEBI regulations confirming its acquisition.

Regulatory Compliance

Both the seller and buyer have fulfilled their disclosure obligations under SEBI regulations. GP Global APAC Pte Ltd submitted its disposal disclosure on March 25, 2026, signed by Director Roderick J. Sutton from Singapore. AIO Growth Capital Fund SPC's acquisition disclosure was signed by Director Paul Boskma and submitted to both NSE and BSE where GP Petroleums shares are listed.

The transaction represents a strategic divestment by the promoter group while introducing a new institutional investor to GP Petroleums' shareholding structure. The company's total equity share capital remains unchanged at 50,984,383 shares following this off-market transfer.

GP Petroleums Limited has disclosed to stock exchanges the involuntary transfer of promoter shares following regulatory action by the GST Department. The company received communication on March 02, 2026, from its promoter entity Nivaya Resources Private Limited regarding the transfer of equity shares from its demat account.

Share Transfer Details

The transfer involved significant shareholding of the promoter entity, with specific details outlined in the regulatory filing:

GST Department Recovery Action

The share transfer was executed pursuant to a notice issued by the GST Department under Section 79(1)(c) of the CGST Act, 2017. This provision allows for recovery of government dues through attachment of shares and stocks. The GST authorities issued the notice to NSDL (National Securities Depository Limited) and copied it to Nivaya Resources Private Limited.

The promoter entity promptly informed GP Petroleums about the transfer upon receiving the holding and transaction statements. However, complete details of the transferee are not fully available in the transaction statement, and the promoter entity is seeking further information from concerned authorities and intermediaries.

Company's Response and Clarifications

GP Petroleums has emphasized several key points regarding this development:

• The company is examining the matter and seeking appropriate clarifications from concerned intermediaries
• No financial impact on the company as the matter pertains to promoter shareholding transfer
• No aberrations or non-compliances have been reported against the company
• The GST notices were issued to NSDL and the promoter entity, not to the company
• No penalty, restriction, or sanction has been imposed on the company

Regulatory Compliance

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has taken note of the communication from the promoter entity and sought additional details for completeness of records. GP Petroleums clarified that this matter pertains solely to the promoter entity and does not involve any transaction or liability of the company itself.