GP Petroleums532543Routine director change
Independent Director resigns; Nomination & Remuneration and Risk Management Committees re-constituted
Mr. Sukumaran Jeyakrishnan resigned as Non-Executive Independent Director w.e.f. October 13, 2026, due to personal reasons.
By ScoutQuest · · 2 min read
- Independent Director Resignation
- Mr. Sukumaran Jeyakrishnan resigned as Non-Executive Independent Director
- Effective Date
- w.e.f. October 13, 2026
- Committee Re-constitution
- Nomination & Remuneration and Risk Management Committees re-constituted by circular resolution
What was announced
- Mr. Sukumaran Jeyakrishnan (DIN: 07234397), Non-Executive Independent Director, tendered his resignation from the position with effect from October 13, 2026.
- He has ceased to be an Independent Director of the company with effect from the same date.
- Consequent to the resignation, he also ceased to be Member/Chairperson of the Nomination and Remuneration Committee and the Risk Management Committee with effect from October 13, 2026.
Why he stepped down
- His resignation mail, sent on October 13, 2026, cites personal reasons. He states he is presently visiting his children outside India, and that the substantial time difference and practical difficulties in coordinating board meetings and other official and personal engagements make it difficult for him to devote adequate time, attention and involvement to the role.
- He adds that he believes stepping down is in the best interests of the company, and thanks the Chairman and fellow board members for their support during his tenure.
- The company states there is no material reason for the resignation other than what is stated in his resignation mail, and that the confirmation to this effect is part of the enclosures.
How the committees were re-constituted
- Following the cessation of his membership, the board re-constituted the two committees by way of a circular resolution.
- Nomination and Remuneration Committee: Mr. Rajesh Mittal (Chairperson), Mr. Dilip Vaswani (Member), Mr. Rahul Arun Shetty (Member).
- Risk Management Committee: Ms. Priyanka Sinha (Chairman), Mr. Arjun Verma (Member), Mr. Dilip Vaswani (Member).
- Mr. Dilip Vaswani sits on both committees.
What it means for investors
- One independent director has left the board, so the number of independent directors on the board changes from this date.
- The company has acted on the committee composition straight away, stating that the re-constitution was necessary to ensure compliance with the applicable composition requirements under the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- The stated reason is personal and time-related, and the company records that there is no other material reason for the resignation.
Other details
- Mr. Sukumaran Jeyakrishnan is not a director in any other listed entity.
- The company has also made the information available on its website.
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Source: BSE · 14 Oct 2026
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