GP Petroleums Shirish Suvagia as Chief appointed
GP Petroleums (GULFPETRO) said Shirish Suvagia as Chief has been appointed; and Arjun Verma from Chief has resigned. The company is valued at about ₹320 crore.
What happened
In a filing with the BSE on 13 October 2026 at 05:02 PM, GP Petroleums (GULFPETRO) said that Shirish Suvagia as Chief has been appointed; and Arjun Verma from Chief has resigned.
Company snapshot
GP Petroleums is a micro-cap company, with a market value of about ₹320 crore.
The stock last traded at ₹62.84, against a 52-week range of ₹23.25–₹71.4 (12.0% below the high).
Before this filing the shares had moved −8.9% over the month and +55.5% over three months. Average daily turnover over the last 20 sessions was about ₹0.49 crore.
Promoters held 37.05% at the end of Q1 FY27. Foreign institutions owned 0.37% and domestic institutions 0.00%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 158 | 6.4 | 1.26 |
| Q2 FY26 | 152 | 5.5 | 1.07 |
| Q3 FY26 | 169 | 5.2 | 1.03 |
| Q4 FY26 | 163 | 9.3 | 1.83 |
| Q1 FY27 | 230 | 20.6 | 4.04 |
What history shows
BCEIE's records show 11 previous management change filings from the company since May 2026.
After those filings, the stock gained 3.2% on average the next trading day and was up 2.8% on average after five days (8 filings with price data).
Market-wide, 3,928 management change filings with an impact score of 50 or more saw an average next-day move of −0.1%, with 44% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 22 Sept 2026 | Appointment of Mr. Rahul Arun Shetty as an Additional Director (Non-… | +7.7% | −1.9% |
| 21 Sept 2026 | Resignation of Director/KMP/SMP | +7.7% | −1.9% |
| 21 Sept 2026 | Resignation of Director/KMP/SMP | +7.7% | −1.9% |
| 21 Sept 2026 | Resignation of Ms. Sandra Martyres as Non- Executive Independent… | +2.5% | −1.2% |
| 21 Sept 2026 | Resignation of Mr Harshavardhan Sinha as Non- Executive Non… | +2.5% | −1.2% |
What to watch
- The appointment of a successor and any change in strategy or guidance.
In the news
Recent coverage elsewhere (links open the original publisher):
- GP Petroleums Board Sanctions ₹130 Crore Fundraising Via NCDs And OCDs
- GP Petroleums to raise ₹130 crore from RevX fund to finance expansion
- GP Petroleums eyes leap from ₹700 crore to ₹3,000 crore through global integration, automotive push
- GP Petroleums board approves plan to raise ₹130 cr via NCD, OCDs
- GP Petroleums raises $13.5M in debt from RevX to fund expansion
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.