GP Petroleums Limited — Board Meeting, 11-04-2025: Outcome of Board Meeting

The company has announced a board meeting outcome confirming the approval for a Joint Venture Agreement with West Coast Oils LLP. Instead of forming a new entity, both partners will acquire shares from an existing company for the Joint Venture Company (JVC) to expand their market presence in the specialty and general bitumen sector. Each party will invest equally, controlling 50% of the JVC. Additionally, the company will acquire 50% of Amron Oil Resources Private Limited's shares for a cash consideration of ₹0.1 crore, although Amron has been non-operative.