GP Petroleums Limited , a prominent player in the petroleum industry, has successfully recovered a substantial insurance claim following a favorable legal outcome. The company announced the recovery of Rs 2,13,84,431, including interest accrued since August 2013, through execution proceedings at the District Consumer Forum.

Legal Victory and Claim Recovery

The recovery stems from a prolonged dispute with Bajaj Allianz over insurance claims. The matter was resolved in GP Petroleums' favor at the National Consumer Disputes Redressal Commission (NCDRC), where Bajaj Allianz withdrew all its revision petitions. This withdrawal led to the disposal of the case in GP Petroleums' favor, paving the way for the company to initiate execution petitions for claim recovery.

Financial Impact

The recovered amount represents a significant financial boost for GP Petroleums. Here's a breakdown of the recovery:

Regulatory Compliance

In adherence to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, GP Petroleums has duly informed the stock exchanges about this development. The company had previously disclosed the NCDRC order on February 11, 2025, and this latest update serves as a continuation of that disclosure.

Company Statement

Kanika Sehgal Sadana, Company Secretary and Compliance Officer of GP Petroleums Limited, confirmed the successful recovery and credited amount in an official statement to the stock exchanges. The company views this as a positive outcome, bringing closure to the long-standing insurance dispute.

This resolution strengthens GP Petroleums' financial position and underscores the importance of perseverance in legal matters concerning insurance claims. It serves as a reminder to corporations about the potential for recovering disputed insurance claims through appropriate legal channels.

GP Petroleums , a leading player in the lubricants and specialty oils sector, has announced strong financial results for the second quarter of fiscal year 2026, alongside a strategic restructuring of its Risk Management Committee.

Robust Financial Performance

For the quarter ended September 30, 2025, GP Petroleums reported a significant year-on-year growth in its revenue from operations:

The company's performance shows robust growth across key financial metrics, with revenue from operations increasing by 21.7% compared to the same quarter last year.

Segment-wise Performance

GP Petroleums' financial results reveal strong performances in both its manufacturing and trading segments:

The manufacturing segment, which includes the production and marketing of lubricating oils and greases, continues to be the primary revenue driver for the company.

Balance Sheet Highlights

As of September 30, 2025, GP Petroleums reported:

• Total Assets: ₹39,992.93 crore
• Total Equity: ₹34,074.74 crore
• Current Assets: ₹32,815.69 crore

These figures indicate a strong financial position and liquidity for the company.

Risk Management Committee Reconstitution

GP Petroleums has reconstituted its Risk Management Committee, effective November 15, 2025. The new committee comprises:

1. Mrs. Stuti Kacker (Chairperson)
2. Mr. Ashok Kumar Gupta (Member)
3. Mr. Pradeep Kishore Mittal (Member)
4. Mr. Dilip Vaswani (Member)

This restructuring aims to enhance the company's risk assessment and management capabilities.

Strategic Joint Venture

GP Petroleums entered into a Joint Venture Agreement with West Coast Oils LLP on May 6, 2025. This partnership aims to establish a new company focused on manufacturing and trading specialty bitumen products and allied commodities. The joint venture is yet to commence operations.

Outlook

The strong financial performance and strategic initiatives undertaken by GP Petroleums indicate a positive outlook for the company. The significant revenue growth, coupled with the reconstitution of the Risk Management Committee and the new joint venture, suggests that GP Petroleums is well-positioned for sustained growth and expansion in the lubricants and specialty oils market.