GP Petroleums Limited has announced the appointment of Mr. Anil Keswani as Chief Operating Officer - Bitumen & Terminalling, marking a strategic addition to its senior management team. The appointment, effective April 01, 2026, was approved by the Board of Directors on March 31, 2026, through circular resolution.

Board Approval and Regulatory Compliance

The appointment was made based on the recommendation of the Nomination and Remuneration Committee, following proper corporate governance procedures. The company has disclosed this appointment in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Professional Background and Expertise

Mr. Anil Keswani brings extensive experience to his new role, with over 26 years in the oil and gas industry. His professional journey spans across trading, bunkering, and business development in both domestic and international markets. He has been associated with several reputed organizations throughout his career.

Previous Experience

Mr. Keswani's career includes significant roles at:

• Gulf Petrochem
• Chemoil Adani Pvt. Ltd.
• Essar Oil Limited
• Hindustan Petroleum Corporation Limited (HPCL)

Core Competencies

The new Chief Operating Officer possesses strong expertise in multiple areas critical to the oil and gas sector. His specializations include physical and back-to-back trading, along with institutional sales covering fuel oil, bitumen, and lubricants. Mr. Keswani has demonstrated capabilities in developing new business verticals and expanding into new geographical markets.

International Operations Experience

Mr. Keswani has played a key role in expanding bunkering operations across various international markets, including:

• India
• Singapore
• Korea
• Middle East regions

His experience extends to building strategic partnerships and driving business growth across these diverse markets.

Educational Qualifications

Mr. Keswani holds strong academic credentials that complement his professional experience. He completed his MBA in Marketing from K.J. Somaiya Institute of Management Studies & Research, Mumbai. His undergraduate degree is a Bachelor of Engineering in Civil Engineering from M.B.M. Engineering College, Jodhpur.

Independence and Relationships

As part of the regulatory disclosure requirements, GP Petroleums Limited has confirmed that Mr. Anil Keswani is not related to any of the Directors of the Company, ensuring independence in his senior management role.

GP Petroleums Limited has witnessed a significant shareholding change as GP Global APAC Pte Ltd disposed of 14,33,830 equity shares representing 2.81% of the company's total share capital to AIO Growth Capital Fund SPC through an off-market transaction completed on March 23, 2026.

Transaction Overview

The share transfer involved GP Global APAC Pte Ltd, a Singapore-based promoter entity, selling its stake to AIO Growth Capital Fund SPC, a Cayman Islands-based investment fund. Both entities have made regulatory disclosures under SEBI takeover regulations regarding this transaction.

Seller's Shareholding Pattern

GP Global APAC Pte Ltd, which belongs to the promoter group of GP Petroleums Limited, has disclosed the sale under Regulation 29(2) of SEBI takeover regulations. The company's shareholding in GP Petroleums has been reduced following this transaction.

Buyer's Entry

AIO Growth Capital Fund SPC, registered in the Cayman Islands, has acquired the entire stake disposed by GP Global APAC. The fund, which had no prior holding in GP Petroleums Limited, has made a disclosure under Regulation 29(1) of SEBI regulations confirming its acquisition.

Regulatory Compliance

Both the seller and buyer have fulfilled their disclosure obligations under SEBI regulations. GP Global APAC Pte Ltd submitted its disposal disclosure on March 25, 2026, signed by Director Roderick J. Sutton from Singapore. AIO Growth Capital Fund SPC's acquisition disclosure was signed by Director Paul Boskma and submitted to both NSE and BSE where GP Petroleums shares are listed.

The transaction represents a strategic divestment by the promoter group while introducing a new institutional investor to GP Petroleums' shareholding structure. The company's total equity share capital remains unchanged at 50,984,383 shares following this off-market transfer.