GP Petroleums Limited has announced a postal ballot notice seeking shareholder approval for the appointment of Mr. Ayush Goel as Chairman & Managing Director. The company dispatched the notice on January 13, 2026, to shareholders through electronic means only, with the cut-off date set as January 09, 2026.

E-Voting Process and Timeline

The remote e-voting facility will be available to shareholders from January 14, 2026, at 9:00 a.m. IST through February 12, 2026, at 5:00 p.m. IST. The company has engaged National Securities Depository Limited (NSDL) to provide the e-voting platform, accessible at www.evoting.nsdl.com .

Appointment Details and Background

Mr. Ayush Goel, currently serving as Non-Executive Chairman, will be elevated to the position of Chairman & Managing Director for a five-year term effective January 06, 2026. He was initially appointed as Additional Non-Executive Director on May 23, 2016, and subsequently became Non-Executive Chairman on September 30, 2020.

The 35-year-old executive holds a graduate degree from Delhi University and an MBA in Family Managed Business from S.P. Jain Institute of Management & Research. He brings over a decade of experience in management, finance, and business operations across manufacturing and trading sectors.

Remuneration Structure

The proposed remuneration package for Mr. Goel includes comprehensive compensation and benefits:

Corporate Governance and Compliance

The appointment follows recommendations from the Nomination and Remuneration Committee and Board approval on January 06, 2026. Mr. Goel currently serves on various Board committees including Audit Committee, Stakeholders' Relationship Committee, and Corporate Social Responsibility Committee.

The remuneration structure complies with Regulation 17(6)(e) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Schedule V of the Companies Act, 2013. The Board retains authority to determine annual increments and adjust gross remuneration within prescribed limits.

Shareholder Information

Shareholders can access the postal ballot notice on the company's website at www.gppetroleums.co.in and NSDL's platform. The company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited, will assist shareholders with queries related to the voting process.

Mr. Goel is related to Mrs. Deepa Goel, Non-Executive Director, as her son. Both are considered interested parties in the resolution. The Board has recommended the ordinary resolution for shareholder approval, emphasizing that the elevation will benefit the company's strategic direction and operational excellence.

Source: GP Petroleums Limited

GP Petroleums Limited has announced comprehensive leadership changes following its Board of Directors meeting held on January 06, 2026. The meeting, conducted from 3:55 PM to 4:50 PM, resulted in strategic appointments and re-designations aimed at strengthening the company's management structure, as disclosed under Regulation 30 of SEBI LODR Regulations.

Chairman & Managing Director Appointment

The Board approved the elevation of Ayush Goel as Chairman & Managing Director, marking a significant leadership transition for the company:

Ayush Goel brings over a decade of experience in management, finance, and business operations across manufacturing and trading sectors. He is a graduate from Delhi University and holds an MBA in Family Managed Business from SP Jain Institute of Management & Research. As Chairman, he has been providing strategic direction to the Board and oversight over senior management, while being actively involved in philanthropic and social initiatives.

Strategic Leadership Re-designations

The company implemented key role changes to optimize operational effectiveness:

Pradeep Kishore Mittal has been re-designated from Chief Executive Officer - Key Managerial Personnel (CEO-KMP) to Chief Executive Officer - Lubricants - Senior Management Personnel (CEO Lubricants - SMP), effective January 07, 2026. This strategic move leverages his extensive 38-year industry experience and deep domain expertise in the lubricants business.

Mittal's distinguished career includes tenure with HPCL in Technical Services (1983-1993) and nearly three decades with Elf/Total Energies in progressively senior roles. He served as the Founding Managing Director of Indian Oil Total Pvt. Ltd., a joint venture between Indian Oil and Total Energies for Bitumen Derivatives (2020-2022). He holds a degree in Mechanical Engineering from NIT, Kurukshetra.

Senior Management Appointments

Two additional senior management appointments were approved to strengthen the leadership team:

Sunil Kumar Shetty, Vice President - HR & Admin, brings over 25 years of HR leadership experience across multinational organizations in energy, aviation, and service sectors. He has previously held senior positions with Total Group SA, TATA Group, and Jet Airways, specializing in talent acquisition, performance management, succession planning, and employee engagement.

Tajendra Gupta, Vice President - Automotive & Technology, contributes over 35 years of experience across the downstream energy sector value chain. His background includes leadership roles with HPCL, Total Energies, Infineum, and Daiichi across Indian and international markets.

Updated Key Managerial Personnel

Following these changes, the updated Key Managerial Personnel authorized for material disclosures includes:

Property Acquisition Approval

The Board approved the acquisition of land and building (warehouse) from related party Aspam Caravan Logistics Private Limited:

The acquisition aims to ensure long-term operational stability, reduce recurring rental expenditure, and enhance operational control over logistics infrastructure. All appointments and re-designations were approved based on recommendations from the Nomination and Remuneration Committee, with shareholder approval to be sought through postal ballot for Ayush Goel's appointment.