GP Petroleums Limited has been informed by its promoter entity, Nivaya Resources Private Limited, about the transfer of 6,93,895 equity shares previously held by Nivaya. The transfer, which appears to have occurred on or before February 26, 2026, was reportedly effected due to notices issued by the GST Department for the recovery of government dues through the attachment of shares. The shares have been transferred in favor of SBICAP Securities Limited. Nivaya Resources has stated that it is in the process of obtaining complete details of the transferee and the transaction from the concerned authorities and intermediaries. The company is examining the matter and seeking clarifications from relevant intermediaries. GP Petroleums Limited has clarified that this situation pertains solely to the promoter entity and does not involve any transaction or liability of the company, nor have any penalties or non-compliances been reported against the company itself.
