GP Petroleums has appointed Rahul Arun Shetty as an Additional Director (Non-Executive, Independent) for a term of two years effective September 21, 2026. The appointment is subject to shareholder approval.

The Board approved the appointment via a circular resolution on September 22, 2026. Shetty brings over 20 years of experience in investment banking and real estate, having previously worked with Lehman Brothers, Nomura, and Barclays. He currently serves as Founder & Director of Optimus Investments and as a Non-Executive Independent Director at Vedanta Power.

Following the appointment, the company reconstituted its key board committees. Shetty has been inducted into both the Audit Committee and the Corporate Social Responsibility (CSR) Committee.

Committee Composition

Shetty holds a degree in Computer Engineering from Duke University. His appointment was recommended by the Nomination and Remuneration Committee.

GP Petroleums accepted the resignation of Sandra Martyres as Non-Executive Independent Director, effective September 21, 2026. The company disclosed the move to stock exchanges under SEBI Listing Regulations.

Martyres stepped down from the Board, Audit Committee, and Corporate Social Responsibility Committee on the same date. She cited insufficient bandwidth to manage the growing number of meetings and extensive agendas with tight deadlines.

Resignation Details

The company received Martyres’ resignation letter via email on September 21, 2026. The filing confirms she holds no directorships in other listed entities. Kanika Sehgal Sadana, Company Secretary and Compliance Officer, signed the intimation.

Reason for Departure

In her resignation letter dated September 19, 2026, Martyres stated that the time commitment had grown beyond her capacity. She noted that while she initially estimated five hours per meeting, the actual demands involved more frequent meetings and complex agendas.

She emphasized her professional principle to perform duties effectively, concluding that resigning was the most appropriate course given her current time commitments. The company acknowledged receipt and initiated necessary formalities.