Outcome of Board Meeting to be held on September 30, 2026 for raising of funds through debt issue.

September 30, 2026 To To Corporate Relationship Department Listing Department BSE Limited National Stock Exchange of India Ltd. Department of Corporate Services, Exchange Plaza, 5th Floor, G-Block, P. J. Towers, Dalal Street, Fort, Bandra Kurla Complex, Bandra East, Mumbai – 400 001 Mumbai - 400 051 Scrip Code: 532543 Scrip Symbol: GULFPETRO Dear Sir/ Madam, Sub: Outcome of the Board Meeting held on September 30, 2026 Time of Commencement of the Board Meeting : 03:10 P.M Time of Conclusion of the Board Meeting : 04:05 P.M. Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”), read with Para A of Part A of Schedule III thereto, we wish to inform you that the Board of Directors of GP Petroleums Limited (“Company”), at its meeting held today i.e. September 30, 2026, has, inter alia, considered and approved the following to support the Company’s working capital requirements and business growth: 1. Issuance of Non-Convertible Debentures of upto 300 (Three Hundred) Secured, Unrated, Unlisted, Redeemable, Non-Convertible Debentures (“NCDs”), having a face value of ₹10,00,000/- (Rupees Ten Lakhs Only) each, in one or more tranches, for an aggregate amount of up to ₹30 Crores (Rupees Thirty Crores Only), on a private placement basis, to RevX Special Credit Opportunities Fund II (Non- Promoter Company) on such terms and conditions as may be set forth in the definitive transaction documents. 2. Issuance of Optionally Convertible Debentures of upto 1000 (one thousand) Secured, Unrated, Unlisted, Redeemable Optionally Convertible Debentures (“OCDs”), having a face value of Rs. 10,00,000/- (Rupees Ten Lakhs Only) each, in one or more tranches, for an aggregate amount of up to ₹100 Crores (Rupees One Hundred Crore Only), on a preferential basis through private placement, to RevX Special Credit Opportunities Fund II (Non-Promoter Company), in accordance with the applicable provisions of the Companies Act, 2013, the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and other applicable laws, subject to the approval of the shareholders of the Company and such other regulatory and statutory approvals, as may be required. 3. Notice of Postal Ballot seeking the consent of the Members of the Company. The Postal Ballot Notice along with the Explanatory Statement shall be sent to the members of the Company in due course and the same shall be simultaneously intimated/submitted to the Stock Exchanges. The requisite details as required for point no. 1 & 2 under Regulation 30 read with Para A of Part A of Schedule III of the SEBI LODR Regulations and the applicable SEBI circulars/master circulars are enclosed herewith as Annexure-A, and B. We request you to kindly take the same on your record. Thanking You, Yours faithfully, For GP PETROLEUMS LIMITED KANIKA SEHGAL SADANA COMPANY SECRETARY AND COMPLIANCE OFFICER ACS:31466 ANNEXURE – A ISSUANCE OF NON-CONVERTIBLE DEBENTURES (“NCDS”) UPTO RS. 30 CRORES (RUPEES THIRTY CRORE ONLY), ON A PRIVATE PLACEMENT BASIS Sr. Particulars Details 1 size of the issue, type of Securities/ total number of Up to ₹30 Crores (Rupees Thirty Crores Only), Securities proposed to be issued, comprising Secured, Unrated, Unlisted, Redeemable, Non-Convertible Debentures (“NCDs”), to be issued in one or more tranches. 2 whether proposed to be listed? If yes, name of the stock No. The NCDs shall be unlisted. exchange(s); 3 tenure of the instrument – 36 months from the deemed date of allotment of the NCDs. date of allotment and date of maturity; To be determined from time to time at the time of issue. 4 coupon/interest offered, schedule of payment of Coupon Rate: 13% per annum, compounded coupon/interest and principal; monthly and payable quarterly. Additional Coupon: 1.50% of the amount disbursed, payable on the deemed date of allotment. Principal/Redemption Schedule: As per the repayment schedule set out in the Debenture Documents. 5 charge/security, if any, created over the assets; The NCDs shall be secured by first-ranking pari passu charges over specified movable/current assets and immovable properties of the Company, exclusive charge over the DSRA, pari passu charge over the escrow account, pledge/non-disposal undertaking over certain shares, and such other security/guarantees as may be agreed with the Investor/Debenture Trustee. 6 special right/interest/privileges attached to the instrument The Investor may appoint one Board Observer and in and changes thereof; the event of default the Debenture Trustee/holders may also appoint a nominee director. 7 delay in payment of interest / principal amount for a period Not Applicable of more than three months from the due date or default in payment of interest / principal; 8 details of any letter or comments regarding payment/non - Not Applicable payment of interest, principal on due dates, or any other matter concerning the security and /or the assets along with its comments thereon, if any; 9 details of redemption of preference shares indicating The NCDs shall be redeemed in accordance with the the manner of redemption (whether out of profits or out repayment schedule set out in the Debenture of fresh issue) and debentures; Documents. 10 Any cancellation or termination of Proposal for issuance of Not Applicable Securities including reason thereof. Annexure B ISSUANCE OF OPTIONALLY CONVERTIBLE DEBENTURES (“OCDS”) OF UP TO Rs. 100 CRORE (RUPEES ONE HUNDRED CRORE ONLY), ON A PREFERENTIAL BASIS THROUGH PRIVATE PLACEMENT Sr. Particulars Details 1 size of the issue, type of Securities/ total number of Up to 1,000 (One Thousand) Secured, Unrated, Securities proposed to be issued, Unlisted, Optionally Convertible Debentures (“OCDs”) having a face value of ₹10,00,000/- each, aggregating up to ₹100 Crores, on a preferential basis through private placement. 2 whether proposed to be listed? If yes, name of the stock No. The OCDs will be unlisted. Equity shares issued exchange(s); upon conversion of the OCDs are proposed to be listed on BSE and NSE subject to the applicable approvals. 3 tenure of the instrument – date of allotment and date of The OCDs shall have a tenure of up to 18 months from maturity; the date of allotment. Allotment shall be within 15 days from the relevant approvals. 4 coupon/interest offered, schedule of payment of Coupon: 13% p.a., compounded monthly and coupon/interest and principal; payable quarterly. Additional Coupon: 1.50% payable on the deemed date of allotment. Default Interest: 2% per month upon occurrence of an Event of Default. Schedule: As per the schedule set out in the Debenture Documents. 5 charge/security, if any, created over the assets; The OCDs shall be secured by a first-ranking pari passu charge over current and movable assets, a mortgage over specified immovable properties, and an exclusive charge over the Interest Service Reserve Account (ISRA), as specified in the Debenture Documents. The security package also includes cross-collateralisation over specified assets, shares and cash flows of identified security provider, as applicable under the Debenture Documents. 6 special right/interest/privileges attached to the instrument The OCDs carry an option to convert into equity and changes thereof; shares of the Company at a predetermined Conversion Price in accordance with the terms of the Debenture Documents. The Investor will have the right, but not the obligation, to convert OCDs having an aggregate principal amount of up to 10% of the outstanding exposure or INR 10 crores (Retained OCDs), whichever is higher (or such lower amount as the Investor may elect), into fully paid-up equity shares of the Company. 7 delay in payment of interest / principal amount for a period Not Applicable of more than three months from the due date or default in payment of interest / principal; 8 details of any letter or comments regarding pa [Showing first 8,000 characters — download PDF for full document]