GP Petroleums board to decide on raising funds via debt securities

0 min read | Published on 23 Sept 2026, 04:01 PM |Updated on 23 Sept 2026, 04:01 PM

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Shriram SScanX News Team

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Key Highlights

Board meeting scheduled for September 30, 2026
Proposal to raise funds via NCDs, OCDs, or other debt securities
Issuance planned on private placement basis or other permissible modes
Trading window remains closed until further notice per SEBI guidelines

*this image is generated using AI for illustrative purposes only.

GP Petroleums Ltd scheduled a Board of Directors meeting for Wednesday, September 30, 2026. The primary agenda is to consider and approve proposals for raising funds through the issuance of various debt instruments.

The company intends to issue Non-Convertible Debentures (NCDs), Optionally Convertible Debentures (OCDs), or other permissible debt securities. These instruments may be offered on a private placement basis or through other allowed modes, potentially in one or more tranches. The execution of these plans remains subject to applicable statutory and regulatory approvals.

Regulatory compliance and trading restrictions

This intimation was filed under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information has also been made available on the company's website for public access.

Concurrent with this announcement, the trading window for dealing in the securities of the company remains closed. This restriction, initially communicated via an earlier notice dated August 07, 2026, will continue until further notice. This measure aligns with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and the company's internal Code of Conduct.

Historical Stock Returns for GP Petroleums

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.62%	+8.80%	-1.18%	+135.06%	+61.35%	+21.69%

What specific capital expenditure or operational projects will the proceeds from these debt instruments primarily fund?

How might the proposed debt issuance impact GP Petroleums' leverage ratios and overall credit profile in the coming quarters?

What are the anticipated interest rate ranges or conversion terms for the NCDs and OCDs relative to current market benchmarks?

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GP Petroleums appoints Rahul Arun Shetty as Independent Director

0 min read | Published on 22 Sept 2026, 12:46 PM |Updated on 22 Sept 2026, 12:46 PM

Reviewed by

Suketu GScanX News Team

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Key Highlights

Rahul Arun Shetty appointed as Additional Non-Executive Independent Director for two years
Previous experience includes roles at Lehman Brothers, Nomura, and Barclays
Inducted into Audit and CSR committees following board reconstitution
Appointment subject to shareholder approval at upcoming General Meeting

*this image is generated using AI for illustrative purposes only.

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.