GP Petroleums Limited has entered into an agreement on January 23, 2026, to purchase a land and building, specifically a warehouse, located in Raliawas, Haryana. This acquisition is a continuation of a proposal initially disclosed on January 06, 2026. The property admeasures 4.625 acres and is being purchased from Aspam Caravan Logistics Parks Private Limited. The purpose of this acquisition is to ensure long-term operational stability, reduce recurring rental expenditures, convert operating expenses into a capital asset, enhance operational control over logistics infrastructure, and support long-term business growth. The total consideration for the transaction is ₹30,00,00,000 (Rupees Thirty Crores only). The purchase is being funded from the company's surplus retained earnings. The transaction is structured as an arm's length transaction, supported by an independent valuation report. Aspam Caravan Logistics Parks Private Limited is considered a related party due to the common directorship of Mrs. Deepa Goel, a Non-Executive Director of GP Petroleums Limited, who also serves as a Director on the board of Aspam. The Audit Committee has approved this transaction, which is considered to be in the ordinary course of business.
