GP Petroleums accepts resignation of VP Ashish Garg

GP Petroleums has accepted the resignation of Mr. Ashish Garg from the position of Vice President – Operations & Supply Chain. The resignation, attributed to personal reasons, is effective from the close of business hours on June 30, 2026. This disclosure was made to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company informed BSE Limited and National Stock Exchange of India Ltd. that Mr. Garg has ceased to hold the designated position of Senior Management Personnel (SMP). The filing included the necessary details as per SEBI Circular No. HO/49/14/14(7)2025-CFDPD2/I/3762/2026 dated January 30, 2026. A copy of the resignation letter was submitted as part of the regulatory filing.

Resignation Details

The following table outlines the key particulars of the resignation disclosed by the company:

Sr. No.	Particulars	Details
1.	Reason for change	Resignation of Mr. Ashish Garg, Vice President – Operations & Supply Chain (SMP) of the Company due to personal reasons.
2.	Date of cessation	With effect from close of business hours on June 30, 2026.
3.	Brief profile	Not Applicable
4.	Disclosure of relationships	Not Applicable

The resignation was formally submitted by Mr. Ashish Garg on July 01, 2026, acknowledging the effective date of his departure. The company has taken the resignation on record.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.71%	-3.29%	+2.47%	+13.41%	-13.50%	-36.76%

GP Petroleums Limited reported a marginal increase in Profit After Tax (PAT) to Rs 26.50 crore for the financial year ended March 31, 2026, compared to Rs 26.30 crore in the previous year. For the quarter ended March 31, 2026, PAT rose 8% to Rs 9.3 crore from Rs 8.6 crore in the corresponding period of the previous year. The annual performance was impacted by a wage provision of Rs 3.25 crore, recognized as an exceptional item due to the new Labour Codes. The audited standalone and consolidated financial results were approved by the Board of Directors on May 27, 2026, and subsequently published in the Financial Express and Mumbai Lakshadeep on May 28, 2026, in compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Revenue from Operations for the full year grew 5% to Rs 643 crore from Rs 610 crore in FY25. However, quarterly revenue declined to Rs 163 crore from Rs 183 crore in Q4FY25. M/s. J Mandal & Co. LLP, Statutory Auditors, issued an unmodified opinion on the results.

Financial Performance Summary

The following table outlines the key financial metrics for Q4FY26 and FY26 compared to the prior year periods:

Metric	Q4FY26	Q4FY25	FY26	FY25
Revenue from Operations (Rs crore)	163	183	643	610
EBITDA (Rs crore)	14.7	13.2	44.7	42.0
EBITDA Margin (%)	9	7	-	-
PAT (Rs crore)	9.3	8.6	26.50	26.30

Board Decisions and Appointments

The Board approved the re-appointment of M/s. PNG & Co., Chartered Accountants, as Internal Auditors and M/s. Dilip M. Bathija, Cost Accountants, as Cost Auditors for FY26-27. Mr. Ashish Garg was appointed as Senior Management Personnel effective May 27, 2026. Mr. Dilip U Vaswani was elevated to Additional Non-Executive Director, and Mr. Sukumaran Jeyakrishnan was appointed as Additional Non-Executive Independent Director for two years. Mrs. Deepa Goel resigned as Non-Executive Director effective May 27, 2026.

Operational Outlook

A company spokesperson attributed the resilience in performance to strengthened market positions in lubricant and process oil categories, supported by customer relationships and operational efficiencies. The company continues to identify opportunities in industrial lubricants, process oils, and premium automotive lubricants. However, management warned that geopolitical developments towards the end of Q4FY26 have introduced uncertainty, leading to sharp increases in crude-linked raw material costs and currency weakness, which may pose short-to-medium-term challenges.