GP Petroleums Limited has announced the dispatch of a Postal Ballot Notice and Explanatory Statement to its shareholders for seeking approval regarding the appointment and remuneration of Mr. Ayush Goel as the Chairman & Managing Director of the Company. This decision follows the Board Meeting held on January 6, 2026.

The Postal Ballot Notice, along with the Explanatory Statement and e-voting instructions, was sent electronically on January 13, 2026, to shareholders registered as of January 9, 2026. No physical copies of the notice or forms will be dispatched, adhering to recent circulars from the Ministry of Corporate Affairs and SEBI.

Shareholders can exercise their voting rights through electronic means. The remote e-voting facility will be open from January 14, 2026, at 9:00 a.m. (IST) until February 12, 2026, at 5:00 p.m. (IST). The notice is also available on the company's website (www.gppetroleums.co.in) and the NSDL e-voting portal (www.evoting.nsdl.com).

Mr. Ayush Goel, who has been associated with the company since May 23, 2016, and previously served as Non-Executive Chairman, is proposed to be appointed as Chairman & Managing Director for a period of five years, effective January 6, 2026. His proposed remuneration includes a salary of ₹1,00,00,000 per annum, along with other benefits as per company policies. The company has appointed Mr. Harshad Pusalkar as the Scrutinizer for the postal ballot process. The results are expected to be declared on or before February 14, 2026.