GP Petroleums initiates second dividend claim campaign

1 min read     Updated on 22 May 2026, 08:17 AM
scanx
Reviewed by
Suketu GScanX News Team
AI Summary

GP Petroleums Limited is conducting the second phase of the Saksham Niveshak – 100 Days Campaign from April 01, 2026 to July 09, 2026, to assist shareholders in claiming unpaid and unclaimed dividends. Following a previous drive in late 2025, the company has notified shareholders to update KYC details, including PAN and bank information, with MUFG Intime India Private Limited. Required forms such as ISR-1 and SH-13 must be submitted to the RTA or Depository Participants to ensure dividends are credited electronically before transfer to IEPF.

powered bylight_fuzz_icon
40892745

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

GP Petroleums Limited has initiated the second phase of the Saksham Niveshak – 100 Days Campaign to assist shareholders in claiming unpaid and unclaimed dividends. Scheduled from April 01, 2026 to July 09, 2026, this initiative follows an earlier communication from the Investor Education and Protection Fund Authority (IEPFA), Ministry of Corporate Affairs (MCA). The company had previously organized a similar drive from July 28, 2025 to November 06, 2025 and has already sent individual communications to affected shareholders via registered post and email on April 29, 2026.

The primary objective of the campaign is to create awareness among shareholders regarding the necessity of updating their KYC details. This ensures that unpaid dividends are claimed before the corresponding amounts and shares are transferred to the Investor Education and Protection Fund (IEPF) in accordance with applicable regulations. Shareholders are required to update specific details with the company or its Registrar and Transfer Agent (RTA), MUFG Intime India Private Limited, to receive dividends through electronic mode.

Required Updates

Shareholders must ensure the following details are current to facilitate the credit of dividend amounts to their bank accounts:

  • PAN
  • Nomination details
  • Postal address
  • Mobile number and e-mail ID
  • Bank account details
  • Specimen signature

Documentation Process

To process their claims, shareholders need to submit physical copies of prescribed forms along with necessary documents. The required documentation varies based on the specific request, such as updating KYC, registering a nomination, or opting out of one.

Form Purpose Requirements
ISR-1 KYC Update Duly filled, signed, and self-attested KYC documents
ISR-2 Bank Details Duly filled, signed, banker’s attestation, and cancelled cheque or passbook copy
SH-13 Nomination Registration For registration of nomination
ISR-3 Opt out of Nomination In case shareholder wishes to opt out of nomination
ISR-4 Service Requests Request for issue of Duplicate Certificate and other services

Submission Details

Shareholders holding shares in physical form should submit their documents to the RTA. Those holding shares in electronic form must contact their respective Depository Participants to update details and claim dividends. The forms are available for download on the company’s official website.

Historical Stock Returns for GP Petroleums

1 Day5 Days1 Month6 Months1 Year5 Years
-0.76%-1.81%-1.63%-11.93%-25.72%-33.95%

How much total unclaimed dividend value is at risk of being transferred to the IEPF if shareholders fail to complete KYC updates before the July 09, 2026 deadline?

Could GP Petroleums' proactive shareholder outreach campaign influence SEBI or MCA to mandate similar compliance drives across all listed companies?

What percentage of affected shareholders successfully claimed their unpaid dividends during the first phase of the campaign, and how does this benchmark compare to industry averages?

GP Petroleums' JV Amron Oil Resources Wins ₹74.04 Cr Bitumen Supply Contract from IOCL

2 min read     Updated on 06 May 2026, 04:40 AM
scanx
Reviewed by
Suketu GScanX News Team
AI Summary

GP Petroleums Limited disclosed that its joint venture, Amron Oil Resources Private Limited, has received a Letter of Acceptance from Indian Oil Corporation Limited for supplying 9000 MT of VG-30 and 6000 MT of VG-40 bulk bitumen at Pipavav. The contract is valued at ₹74,03,91,000 including 18% GST, executable within twelve months with an optional 12-month extension on mutual consent.

powered bylight_fuzz_icon
39551511

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

GP Petroleums Limited has disclosed, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that its joint venture company, Amron Oil Resources Private Limited, has been awarded a Letter of Acceptance (LOA) by Indian Oil Corporation Limited. The disclosure was made on May 05, 2026, by Company Secretary and Compliance Officer Kanika Sehgal Sadana.

Contract Overview

The contract pertains to the supply of bulk bitumen in two grades — VG-30 and VG-40 — at Pipavav, awarded by Indian Oil Corporation Limited. The order is a domestic contract and does not constitute a related party transaction. Additionally, neither the promoter nor the promoter group companies hold any interest in the awarding entity.

The key details of the contract, as disclosed in Annexure-I pursuant to SEBI Master Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, are summarised below:

Parameter: Details
Awarding Entity: Indian Oil Corporation Limited
Contract Nature: Supply of Bulk Bitumen (Grades VG-30 & VG-40) at Pipavav
Supply Quantities: 9000 MT of VG-30 and 6000 MT of VG-40
Contract Value: ₹74,03,91,000 (including 18% GST)
Domestic/International: Domestic
Execution Period: Twelve months from date of placement of contracts
Extension Clause: Extendable for a further 12 months on mutual consent
Related Party Transaction: No
Promoter Interest in Awarding Entity: No

Contract Terms and Execution

The total consideration for the contract stands at ₹74,03,91,000 (Rupees Seventy-Four Crore Three Lakhs Ninety-One Thousand Only), inclusive of 18% GST. The contract is to be executed within twelve months from the date of placement. As per the terms, the validity period may be extended for a further period of 12 months on mutual consent between the parties.

Amron Oil Resources Private Limited, the joint venture company of GP Petroleums Limited, is responsible for fulfilling the supply obligations under this contract. The supply covers two standard bitumen grades — VG-30 and VG-40 — which are widely used in road construction and infrastructure projects across India.

Regulatory Disclosure

The intimation was made in compliance with Regulation 30 read with Schedule II of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI Circular No. SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123 dated July 13, 2023. The disclosure was submitted to both BSE Limited and the National Stock Exchange of India Ltd. on May 05, 2026.

Historical Stock Returns for GP Petroleums

1 Day5 Days1 Month6 Months1 Year5 Years
-0.76%-1.81%-1.63%-11.93%-25.72%-33.95%

How might this IOC contract influence Amron Oil Resources' capacity to bid for additional bulk bitumen supply tenders from other public sector oil companies in the near term?

Given the 12-month extension clause, what factors — such as infrastructure spending cycles or bitumen price volatility — could determine whether IOC exercises the renewal option?

Could this contract signal a broader strategic push by GP Petroleums to expand its joint venture operations in the bitumen supply chain, potentially leading to new JV formations or acquisitions?

More News on GP Petroleums

1 Year Returns:-25.72%