GP Petroleums Limited has announced the resignation of Mr. Pradeep Kishore Mittal from his position as CEO-Lubricants, effective from the close of business hours on January 31, 2026. The resignation was submitted due to personal reasons, as disclosed in the company's regulatory filing dated January 28, 2026.

Leadership Transition Details

The company has formally notified both BSE Limited and National Stock Exchange of India about this significant organizational change under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The resignation represents a key leadership transition in GP Petroleums' lubricants division.

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations, specifically under Regulation 30 read with Part A of Schedule III of the SEBI Listing Regulations. The company has provided all required details as per SEBI circulars dated July 13, 2023, and November 11, 2024, ensuring full regulatory compliance.

Company's Acknowledgment

GP Petroleums Limited has placed on record its appreciation for the valuable contributions made by Mr. Pradeep Kishore Mittal during his tenure with the company. The organization has expressed its best wishes for his future endeavors, acknowledging his service to the lubricants division.

Documentation and Formalities

The company has submitted comprehensive documentation to the stock exchanges, including:

• Formal resignation letter from Mr. Mittal
• Detailed annexure with resignation particulars
• Compliance documentation as per SEBI requirements
• Official notification signed by Company Secretary Kanika Sehgal Sadana

This leadership change marks a significant transition for GP Petroleums' lubricants business segment as the company prepares for new leadership in this division.

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.