GP Petroleums approves ₹100 crore non-convertible debentures (NCDs)

What happened

In a filing with the BSE on 30 September 2026 at 06:28 PM, GP Petroleums (GULFPETRO) said that it has approved non-convertible debentures (NCDs) of ₹100 crore.

From the filing: "Notice of Postal Ballot seeking the consent of the Members of the Company ."

How big is it?

At ₹100 crore, the issue is equal to about 32.1% of the company's market value of ₹312 crore.

Company snapshot

GP Petroleums is a micro-cap company, with a market value of about ₹312 crore.

The stock last traded at ₹61.14, against a 52-week range of ₹23.25–₹71.4 (14.4% below the high).

Before this filing the shares had moved −9.8% over the month and +59.4% over three months. Average daily turnover over the last 20 sessions was about ₹0.63 crore.

Promoters held 37.05% at the end of Q1 FY27. Foreign institutions owned 0.37% and domestic institutions 0.00%.

What history shows

BCEIE has no earlier fund raising filing from this company on record since May 2026.

Market-wide, 1,465 fund raising filings with an impact score of 50 or more saw an average next-day move of +0.5%, with 49% rising.

Past reactions describe what happened before; they are not a forecast.

What to watch

• How the money raised is used and, for equity instruments, the dilution for existing shareholders.
• 30 September 2026: Board meeting — Fund Raising.

In the news

Recent coverage elsewhere (links open the original publisher):

• GP Petroleums Appoints Rahul Arun Shetty as Independent Director — Motorindia, 21 Sept 2026
• Rahul Arun Shetty appointed as Additional Director at GP Petroleums — Adgully.com, 24 Sept 2026
• Rahul Arun Shetty Joins GP Petroleums Board As Independent Director — TradingView, 28 Sept 2026
• GP Petroleums: Best Stock in Its Sector? Key Metrics — Univest, 25 Sept 2026
• Global Investment Experience Enters GP Petroleums Board With Rahul Arun Shetty Appointment — Prittle Prattle News, 24 Sept 2026

Source

• Exchange filing (PDF)