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.

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.