Change/Elevation in Directors and Senior Management Personnel.

October 27, 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 Time of Commencement of the Board Meeting : 12:55 P.M. Time of Conclusion of the Board Meeting : 02:35 P.M. Pursuant to Regulation 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”), we wish to inform you that the Board of Directors of the Company, at its meeting concluded today, i.e. October 27, 2026, inter alia, has considered and approved the following: - Results:- 1. Unaudited Financial Statements (Standalone and Consolidated) for the quarter and half year ended September 30, 2026 along with the Limited Review Report issued by M/s. J Mandal & Co. LLP, Chartered Accountants, Statutory Auditors of the Company, the copy of the same is enclosed herewith as Annexure-I. The results are being uploaded on the Company's website, viz., www.gppetroleums.co.in, and shall also be published in compliance with Regulation 47(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in due course. Change/Elevation in Directors & Senior Management Personnel:- 2. Elevation of Mr. Arjun Verma (DIN: 10102249) from the Whole Time Director (Designated as Executive Director) to Managing Director with effect from October 27, 2026 and revision in his terms of appointment and remuneration. 3. Re-designation of Mr. Ayush Goel (DIN: 02889080) from Chairman & Managing Director to Chairman & Whole Time Director (Executive Director), to be designated as the Executive Chairman of the Company. 4. Conferment of the designation of Co-Chairman upon Mr. Dilip Vaswani (DIN: 01944741), Non-Executive, Non-Independent Director of the Company. 5. Elevation of Mr. Jogesh Sharma, Vice President - Industrial Lubricants (Senior Management Personnel) to Chief Operating Officer – Lubricants (“COO- Lubricants”) (Senior Management Personnel) of the Company. 6. Elevation of Mr. Sunil Kumar Shetty, Vice President – HR & Admin, (Senior Management Personnel) to Chief Human Resource Officer (CHRO) – HR & Administration (Senior Management Personnel) of the Company. The aforesaid changes and elevations in the positions of the Directors and Senior Management Personnel are based on the recommendations of the Nomination and Remuneration Committee (NRC). The detailed disclosures relating to the proposed item no. 2 to 6 as required under Regulation 30 of the SEBI LODR Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, as amended and consolidated in the SEBI Master Circular for compliance with the provisions of the SEBI LODR Regulations dated January 30, 2026, are provided herein as Annexure - 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-B Disclosures required under Para A of Part A of Schedule III of the SEBI (LODR) Regulations, 2015 Particulars Mr. Arjun Verma Mr. Ayush Goel Mr. Dilip Vaswani Mr. Jogesh Sharma Mr. Sunil Kumar Shetty Reason for change viz. Elevation of Mr. Arjun Verma (DIN: Re-designation of Mr. Ayush Goel Conferment of the designation of Co-Chairman Elevation of Mr. Jogesh Sharma, Vice Elevation of Mr. Sunil Kumar appointment, 10102249) from the Whole Time (DIN: 02889080) from Chairman upon Mr. Dilip Vaswani (DIN: 01944741), Non- President - Industrial Lubricants Shetty, Vice President – HR & resignation, removal, Director (Designated as Executive & Managing Director to Chairman Executive, Non-Independent Director of the (Senior Management Personnel) to Admin, (Senior Management death or otherwise Director) to Managing Director with & Whole Time Director (Executive Company. Chief Operating Officer – Lubricants Personnel) to Chief Human effect from October 27, 2026 and Director), to be designated as an (“COO- Lubricants”) (Senior Resource Officer (CHRO) – HR & revision in his terms of appointment Executive Chairman of the Management Personnel) of the Administration (Senior and remuneration. Company. Company Management Personnel) of the Company. Date of W.e.f. October 27, 2026 for a period of W.e.f. October 27, 2026 upto his W.e.f. October 27, 2026 W.e.f. October 27, 2026 W.e.f. October 27, 2026 appointment/re- three years, subject to the approval of remaining term i.e. upto appointment/cessation the Members at the General January 05, 2031, subject to the (as applicable) & term Meeting/Postal Ballot. approval of the Members at the of General Meeting/Postal Ballot. appointment/reappoint ment; Brief profile Mr. Arjun Verma is a post-graduate Mr. Ayush Goel is a graduate Mr. Dilip Vaswani has over 28 years of Mr. Jogesh Sharma holds a B.E. Mr. Sunil Kumar Shetty is a (in case of appointment) from Kanpur University and a from Delhi University and holds distinguished experience with the Total Group, (Automobile) from the University of Human Resources professional qualified Chartered Accountant, with an MBA in Family Managed having held several senior leadership roles Mumbai and brings over 32 years of with over 25 years of experience over 35 years of rich experience in Business from SP Jain Institute across Asia and Europe. He most recently served professional experience, more than 31 in leadership roles across Finance, Treasury, Accounts and of Management & Research. He as the Chairman & Managing Director of Total Oil of them with GP Petroleums Ltd. He multinational organisations in Taxation. He has been associated has over a decade of experience India Pvt. Ltd., where he was responsible for the joined the Company as a Sales the energy, aviation and service with GP Petroleums Limited since in management, finance and overall operations and development of Total’s Executive (Engineering) and rose to sectors. He possesses December 2017. Prior to joining the business operations across downstream activities in India and South Asia. In Chief Operating Officer, a journey comprehensive expertise in Company, he served as Business manufacturing and trading his additional capacity as Country Chair, he marked by perseverance, technical strategic and operational human Controller at Reliance sectors. As Chairman, he has facilitated the entry and coordinated the depth and steady leadership growth. resource management, Communications Limited. been providing strategic operations of other business units of Total in organisational development and During his association with the direction to the Board and India. Prior to this, he was the President & He combines deep expertise in compliance frameworks. Company, Mr. Verma has made oversight over senior Managing Director of Total (Philippines) lubricant technology and significant contributions through his management, in addition to Corporation, where he had full P&L manufacturing with sharp commercial Mr. Shetty has previously held financial acumen, strategic insight being actively involved in responsibility for a fully integrated downstream judgement. As head of the Company's senior positions with Total Group and extensive professional philanthropic and social business. Between 2009 and 2012, he served as core Industrial Lubricants business for SA, Tata Group and Jet Airways, experience. He was serving as a initiatives. Vice President of Total Oil Asia-Pacific, based in many years, he delivered sustained where he was responsible for Whole-time Director, designated as Singapore, and was a member of the Asia Pacific growth with blue-chip customers, built leading HR initiatives Executive Director and Chief Management Committee, besides serving on the strong OEM par [Showing first 8,000 characters — download PDF for full document]