GP Petroleums Limited (GPPL) has achieved a significant milestone as its joint venture, Amron Oil Resources Private Limited, was selected by Indian Oil Corporation Limited (IOCL) as the operating partner for the Pipavav Bitumen Cell in Gujarat. The facility, inaugurated under IndianOil's SPRINT 2026 Mission Excellence initiative, began dispatching bulk bitumen on June 4, 2026. This development underscores GPPL's strategic expansion into specialized, high-growth infrastructure segments.

Amron Oil Resources is a 50:50 joint venture between GP Petroleums Limited and West Coast Oils LLP. Established in 2004, the company specializes in manufacturing and supplying high-performance bitumen products, including Bitumen Emulsions, Polymer Modified Bitumen (PMB), and Crumb Rubber Modified Bitumen (CRMB). These solutions are designed to enhance road durability and sustainability, supporting India's expanding infrastructure sector.

The Pipavav Bitumen Cell is expected to play a vital role in ensuring the efficient supply of specialty bitumen products across Gujarat and neighbouring regions. Leveraging Pipavav's strategic port location, the facility aims to serve large-scale infrastructure projects while improving logistics efficiency and expanding market reach. The selection of Amron reflects its technical expertise and operational capabilities in providing specialty bitumen solutions.

The dispatch event was flagged off by Shri John Prasad K., Country Head (Industrial Business) at IndianOil, in the presence of senior officials including Shri V. M. Gade, CGM (IB), Gujarat State Office, and representatives from IndianOil, GP Petroleums Limited, and Amron Oil Resources. This partnership reinforces GPPL's commitment to building value-accretive businesses that address the nation's critical infrastructure requirements.

A spokesperson for GP Petroleums Limited stated that the selection marks a significant milestone, reflecting the strength of its partnerships and technical expertise. The company aims to support IOCL in delivering high-quality bitumen solutions to contribute to India's infrastructure growth story. GPPL continues to strategically expand beyond traditional petroleum products into specialized segments.

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:

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.