GP Petroleums Limited has announced a significant restructuring of its leadership team and a strategic real estate acquisition following its Board Meeting held on January 06, 2026. The company approved the elevation of Mr. Ayush Goel as Chairman & Managing Director and the re-designation of Mr. Pradeep Kishore Mittal to lead the Lubricants vertical. Additionally, the Board approved the acquisition of a warehouse in Haryana for ₹30 Crores to strengthen its logistics infrastructure.

The leadership changes involve appointing Mr. Ayush Goel for a five-year term, effective from January 06, 2026, to January 05, 2031, pending shareholder approval. Mr. Pradeep Kishore Mittal transitions from CEO-KMP to CEO Lubricants – SMP to leverage his 38 years of industry expertise for the company’s core business. Furthermore, Mr. Sunil Kumar Shetty and Mr. Tajendra Gupta have been appointed as Senior Management Personnel effective January 07, 2026. On the operational front, the company is acquiring a 4.625-acre warehouse property in Village Raliawas, Rewari, from related party Aspam Caravan Logistics Private Limited to reduce rental costs and enhance operational control.+4

GP Petroleums is a leading player in the industrial and automotive lubricants sector, primarily known for its flagship brand, IPOL, which has been trusted since 1973. The company operates a state-of-the-art blending plant and offers a wide range of products including automotive oils, industrial lubricants, process oils, and greases. Throughout 2025, the company focused on expanding its distribution network and enhancing its “Automotive & Technology” division to meet evolving market demands. Recent updates indicate a strategic shift toward owning critical logistics assets, as evidenced by the January 2026 decision to utilize surplus retained earnings for warehouse acquisition rather than continuing with lease models.

For the financial performance updates during the 2025 period, the company maintained a steady focus on margin optimization despite volatility in base oil prices. While the specific quarterly financial results for the period ending December 2025 were not detailed in this specific board outcome notice, the company’s decision to invest ₹30 Crores in capital assets suggests a robust cash position and healthy retained earnings. GP Petroleums continues to be a notable entity in the downstream energy segment, with significant oversight from the Goel family, including Mrs. Deepa Goel who serves on the board.