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.

GP Petroleums Limited has announced the resignation of Mr. Farooque Warsi from his position as Head – RPO & Exports, effective January 09, 2026. The disclosure was made on December 29, 2025, in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Resignation Details

Mr. Farooque Warsi has tendered his resignation from the services of the company due to personal reasons. His tenure as Head – RPO & Exports will conclude at the close of business hours on January 09, 2026.

Company Acknowledgment

GP Petroleums Limited has placed on record its appreciation for the valuable contributions made by Mr. Farooque Warsi during his tenure with the company. The organization has extended its best wishes for his future endeavors.

Regulatory Compliance

The disclosure has been made pursuant to Regulation 30 read with Part A of Schedule III and other applicable provisions of the SEBI Listing Regulations. The company has provided all required details as per SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and SEBI Circular No. SEBI/HO/CFD/PoD-2/CIR/P/0155 dated November 11, 2024.

Documentation

The regulatory filing includes comprehensive annexures providing detailed information about the resignation. Annexure I contains the structured disclosure format with specific particulars, while Annexure II includes a copy of the resignation letter along with detailed reasons for the resignation. The filing was signed by Kanika Sehgal Sadana, Company Secretary and Compliance Officer of GP Petroleums Limited.