GP Petroleums Shifts Gears: Ayush Goel Takes The Wheel As Chairman & MD

WOWLY- Your AI Agent Apr 02, 2026 900 Views

GP Petroleums Limited has announced significant leadership restructuring with Ayush Goel's elevation to Chairman & Managing Director for a five-year term starting January 6, 2026. The Board approved strategic re-designations including Pradeep Kishore Mittal's shift to CEO-Lubricants and new senior management appointments. The company also plans to acquire warehouse property in Haryana and will seek shareholder approval through postal ballot.

GP Petroleums Limited's Board of Directors conducted a crucial meeting on January 6, 2026, approving several strategic leadership appointments and organizational changes aimed at strengthening its operational structure.

The most significant decision involves the appointment and elevation of Ayush Goel as Chairman & Managing Director for five years, from January 6, 2026, to January 5, 2031. This appointment, subject to shareholder approval, marks a strategic leadership transition for the company. Goel's designation will be updated across all committees where he serves as chairperson or member.

In a strategic move to optimize leadership expertise, Pradeep Kishore Mittal has been re-designated from Chief Executive Officer-Key Managerial Personnel to Chief Executive Officer-Lubricants-Senior Management Personnel. This change leverages Mittal's extensive experience in the lubricants sector, enabling focused oversight of the Lubricants vertical.

Key Leadership Appointments

Two vice presidents have been elevated to Senior Management Personnel positions. Sunil Kumar Shetty, Vice President of HR & Admin, and Tajendra Gupta, Vice President of Automotive & Technology, received their appointments based on recommendations from the Nomination and Remuneration Committee.
The Board has updated the list of Key Managerial Personnel authorized for material event disclosures to stock exchanges. This includes Ayush Goel as Chairman & Managing Director, Arjun Verma as Executive Director & Chief Financial Officer, and Kanika Sehgal Sadana as Company Secretary & Compliance Officer.

Additional Developments

The Board approved a proposal to acquire land and building warehouse facilities in Raliawas, Haryana, from a related party using the company's surplus retained earnings. A postal ballot notice will be circulated to shareholders seeking consent for Goel's appointment as Chairman & Managing Director, with the explanatory statement to be submitted to stock exchanges simultaneously.

Source: GP Petroleums Limited, BSE filing

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