GP Petroleums Limited has announced the receipt of a Letter of Allotment (LOA) from Bharat Petroleum Corporation Limited (BPCL) for a substantial bitumen supply contract worth ₹38.13 crores. The company disclosed this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Contract Details and Scope

The contract encompasses the supply of two grades of bulk bitumen at Pipavav Port. GP Petroleums emerged as the L1 (lowest) bidder for sourcing 6,000 MT of Paving Grade Bulk Bitumen VG30 and secured the L2 position for supplying 1,800 MT of VG40 Bulk Bitumen. Both products must conform to IS: 73-2013 standards, ensuring quality compliance for the supplied materials.

Contract Duration and Terms

The agreement spans a one-year period from January 23, 2026 to January 22, 2027. Notably, BPCL retains the discretion to extend the contract for an additional year, providing potential for continued business engagement beyond the initial term. The contract operates under terms and conditions specified in BPCL's tender document.

Financial and Regulatory Aspects

The total contract consideration amounts to ₹38,13,21,720, representing Rupees Thirty-Eight Crores Thirteen Lakhs Twenty-One Thousand Seven Hundred and Twenty Only, inclusive of GST. This domestic contract does not involve any related party transactions, and the company confirmed that promoters or group companies have no interest in the awarding entity.

The disclosure was made in compliance with SEBI regulations, specifically Para A of Part A of Schedule III of the SEBI (LODR) Regulations, along with relevant SEBI circulars dated July 13, 2023 and November 11, 2024. This contract represents a significant business development for GP Petroleums Limited in the petroleum products supply sector.

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.