GP Petroleums has recommended a final dividend of ₹0.50 per equity share for the financial year ended March 31, 2026. The company’s Board of Directors approved the payout during its meeting on July 24, 2026. This recommendation represents a 10% dividend on the face value of ₹5 per share and is subject to approval by shareholders at the Annual General Meeting (AGM).

The AGM is scheduled for Wednesday, August 26, 2026, at 11:30 am. Shareholders holding equity shares on the record date of Wednesday, August 19, 2026, will be eligible to receive the dividend if declared. The company stated that any declared dividend will be paid within 30 days from the conclusion of the AGM.

Tax Deduction at Source Guidelines

Under the Income-tax Act, 2025, dividends are taxable in the hands of shareholders. GP Petroleums will deduct tax at source (TDS) at the time of payment unless specific exemptions apply. The applicable TDS rates depend on the shareholder’s residential status and submitted documentation.

Resident Shareholders

For resident individuals, TDS is not applicable if the aggregate dividend received during the financial year does not exceed ₹10,000. Additionally, no TDS will be deducted if shareholders submit Form 121, provided they meet eligibility conditions under the Act. For other resident shareholders, TDS is levied at 10% if a valid Permanent Account Number (PAN) is provided. If PAN is unavailable or inoperative, tax is deducted at 20%.

Specific entities may claim exemption or lower rates by submitting self-declarations and supporting documents:

• Insurance companies must provide evidence qualifying them under Section 2(7A) of the Insurance Act, 1938.
• Mutual Funds must submit registration documents proving eligibility under Section 11 of the Act.
• Alternative Investment Funds (AIFs) established in India as Category I or II must provide SEBI registration copies.
• National Pension System Trusts and other exempt shareholders must submit declarations with supporting documentary evidence.

Non-Resident Shareholders

Non-resident shareholders, including Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs), are subject to TDS at 20% plus applicable surcharge and cess under Section 393(2) of the Act. However, they may avail benefits under the Double Taxation Avoidance Agreement (DTAA) between India and their country of tax residence if more beneficial.

To claim DTAA benefits, non-resident shareholders must submit:

• A self-attested copy of their Tax Residency Certificate (TRC).
• Form 41 downloaded from the Income-tax portal (if PAN is available).
• A self-declaration confirming beneficial ownership and absence of a permanent establishment in India.
• Registration certificates from SEBI for FIIs and FPIs.

In the absence of valid documentation, the company will deduct tax at the standard statutory rate. Shareholders who provide a lower or nil withholding tax certificate under Section 395(1) will have TDS deducted as per that certificate.

Documentation Deadline

Shareholders must submit all requisite documents, including Form 121, self-declarations, and KYC updates, no later than August 19, 2026. Submissions can be made via the Registrar and Transfer Agent’s website or by email to investor@gpglobal.com . The company reserves the right to reject incomplete or incorrect documents, which may result in higher TDS deductions. Shareholders can claim refunds for excess tax deducted by filing their income tax returns.

The Board of Directors of gp petroleums has rescheduled its upcoming meeting to August 19, 2026, moving it from the initially announced date of August 14. The company, via an intimation letter dated August 12, 2026, confirmed that the core agenda remains unchanged: deliberating on a capital raising proposal involving the issuance of debt securities. This move aims to augment the company’s funding resources through instruments such as Non-Convertible Debentures (NCDs) and Optionally Convertible Debentures (OCDs). The decision impacts shareholder liquidity as the trading window for dealing in the company’s securities remains closed with immediate effect.

Capital Raising Proposal

The primary agenda for the rescheduled board meeting is the consideration and approval of a proposal to raise funds by way of issuance of debt securities or debt instruments. The scope of this proposal includes, but is not limited to:

• Non-Convertible Debentures (NCDs)
• Optionally Convertible Debentures (OCDs)
• Other permissible debt securities

The issuance may be executed on a private placement basis or through other permissible modes, potentially in one or more tranches. Any final action is subject to applicable statutory, regulatory, and other approvals as required.

Regulatory Compliance and Trading Window

In compliance with Regulation 29(1)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has intimated the BSE Limited and the National Stock Exchange of India Ltd. regarding the rescheduled meeting.

Pursuant to the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and the company’s Code of Conduct, the trading window for dealing in the securities of GP Petroleums Limited is closed. This restriction remains in effect until the expiry of 48 hours after the conclusion of the board meeting on August 19, 2026. The information has also been made available on the company’s website for public record.

Kanika Sehgal Sadana, Company Secretary and Compliance Officer, issued the intimation on August 12, 2026.