GP Petroleums Limited has successfully completed the acquisition of a warehouse property in Haryana, entering into a definitive agreement with Aspam Caravan Logistics Parks Private Limited on January 23, 2026. The transaction represents a strategic move to strengthen the company's logistics infrastructure and operational capabilities.

Transaction Overview

The acquisition involves a warehouse property admeasuring 4.625 acres situated at Village Raliawas, District Rewari, Haryana. This transaction follows the company's initial disclosure dated January 06, 2026, regarding the proposal for acquiring the land and building from a related party.

Strategic Rationale

The acquisition serves multiple strategic objectives for GP Petroleums Limited. The company aims to achieve long-term operational stability while reducing recurring rental expenditure through this property purchase. The transaction enables the conversion of operating expenses into capital assets, providing enhanced operational control over logistics infrastructure to support long-term business growth.

Related Party Transaction Details

The transaction qualifies as a related party transaction due to common directorship between the entities. Mrs. Deepa Goel, who serves as a Non-Executive Director of GP Petroleums Limited, also holds a directorship position on the Board of Aspam Caravan Logistics Parks Private Limited. Despite this relationship, the company has confirmed that it does not hold any equity shareholding in Aspam Caravan Logistics Parks Private Limited.

Compliance and Valuation

The transaction has been structured to comply with regulatory requirements and corporate governance standards. Key compliance aspects include:

• Arm's Length Basis: The transaction is conducted at arm's length, supported by an independent valuation report
• Audit Committee Approval: The acquisition has received approval from the company's Audit Committee
• Ordinary Course of Business: The transaction is classified as being in the ordinary course of business
• Funding Source: The purchase will be funded from the company's surplus retained earnings

Regulatory Disclosures

GP Petroleums Limited has made the necessary disclosures under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided comprehensive details as required under Para A of Part A of Schedule III, ensuring full transparency with stock exchanges and stakeholders regarding this material transaction.

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