GP Petroleums532543Routine director change
Vice President - Rubber Process Oil (SMP) resigns; ceases to hold post from November 05, 2026
GP Petroleums has disclosed that Mr. Ajay Navaratne, Vice President - Rubber Process Oil (SMP), has resigned due to personal reasons.
By ScoutQuest · · 2 min read
- Designation
- Vice President - Rubber Process Oil (SMP)
- Cessation Date
- close of business hours on November 05, 2026
- Reason for Resignation
- personal reasons
What the company disclosed
- Mr. Ajay Navaratne, Vice President - Rubber Process Oil (SMP) of GP Petroleums Ltd, has tendered his resignation from the services of the company due to personal reasons.
- He ceases to be Vice President - Rubber Process Oil (SMP) with effect from the close of business hours on November 05, 2026.
- The disclosure was made as a change in management under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with the reason for the change and the date of cessation set out in a table.
The resignation letter and the reply
- In his email dated November 5, 2026, Mr. Navaratne said that due to a health issue he would like to resign from his post of VP Rubber process oils with effect from that day, and thanked the management for the opportunity to work.
- In the management's reply sent on 05 November 2026 at 18:58, CHRO Sunil Kumar Shetty said: "Your resignation has been accepted with immediate effect", thanked him for his contributions during his tenure and wished him the best for the future.
What "SMP" means for readers
- SMP stands for Senior Management Personnel, a category of senior employees whose appointment and exit a listed company has to disclose to the exchanges.
- The role is tied to the Rubber Process Oil business, and the disclosure identifies him as Vice President of that function.
How to read this
- The stated reason is personal, and the accompanying letter cites a health issue, so this reads as an individual-level exit rather than a dispute or a governance issue.
- Such announcements are routine disclosures of a senior personnel change; the update carries no financial figures, so there is no rupee impact to weigh from the document itself.
- The update concerns the exit only, and the person named is identified by designation and role.
Points a retail investor may want to track
- Who is given charge of the Rubber Process Oil function going forward.
- Any later disclosure on the senior management team of the company.
- Whether the company's stated business and reporting stay unchanged through this transition.
Also from GP Petroleums
Share Purchase Agreement executed to acquire 22.45% stake in Incubit Pipavav Terminal
11 Nov 2026
Board approves allotment of 300 NCDs aggregating to Rs. 30 crore to RevX Special Credit Opportunities Fund II
7 Nov 2026
GP Petroleums Q2 FY27: revenue up 124% YoY to ₹340.75 crore, PAT up 179%; Pipavav terminal investment and ₹130 crore fundraise approved
28 Oct 2026
Source: BSE · 6 Nov 2026
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