Press Release

October 01, 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: Press Release for fund raising through issue of Non-Convertible Debentures and Optionally Convertible Debentures Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith Press Release titled “GP Petroleums Board approves strategic fundraise of upto ₹130 Crores via NCDs and OCDs to accelerate growth” You are requested to kindly take the above information on record. Thanking you, Yours’ Sincerely, For GP Petroleums Limited Kanika Sehgal Sadana Company Secretary and Compliance Officer ACS:31466 Press Release GP Petroleums Board approves strategic fundraise of upto ₹130 Crores via NCDs and OCDs to accelerate growth • Upto 300 NCDs with face value of ₹10 lakh each will be issued aggregating upto ₹30 crores for a duration of 36 months • Upto 1,000 OCDs with face value of ₹10 lakh each will be issued aggregating upto ₹100 crores for a duration of 18 months • NCDs and OCDs will be issued to RevX Special Credit Opportunities Fund II on a private placement basis Mumbai, Oct 1, 2026: GP Petroleums Limited (GPPL), a leading manufacturer and marketer of industrial and automotive lubricants under the renowned “IPOL” brand, announced Board approval for a proposed upto ₹130 crores fundraise through issue of non-convertible debentures and optionally convertible debentures. The Company plans to utilize the proceeds to fund the Company’s ongoing business expansion and fulfil its working capital requirements. The Company will issue upto 300 NCDs aggregating upto ₹30 crores for 36 months and upto 1,000 OCDs aggregating upto ₹100 crores for 18 months, each with a face value of ₹10 lakhs. Both instruments will be issued to RevX Special Credit Opportunities Fund II on a private placement basis. Both instruments will be issued in one or more tranches. The OCD issue is subject to necessary statutory approvals, including shareholders consent through the upcoming postal ballot. Commenting on the announcement, Mr. Dilip Vaswani, Non-Executive Director, GP Petroleums Ltd., said, “The proposed financing will provide us with the financial agility to accelerate our growth plans, both organic and inorganic. It also reflects the confidence in our strategic vision to strengthen our market position in the hydrocarbon space while giving us the financial foundation towards unlocking long term value for our stakeholders.” Equity shares arising from conversion of OCD are proposed to be listed on BSE and NSE. The NCDs and OCDs carry a coupon rate of 13% per annum, compounded monthly and paid quarterly. Additionally, the Company will pay 1.5% of additional coupon on deemed date of allotment. About GP Petroleums Limited GP Petroleums Limited is a publicly listed company engaged in the manufacture and marketing of industrial and automotive lubricants, process oils, greases and other specialty products under the IPOL brand. With over five decades of industry presence, the Company serves industrial and automotive customers in India and overseas.