Gulf Oil Lubricants India Limited has informed the Exchange regarding 'allotment of Equity Shares to the eligible employees under ESOP Scheme of the Company'.
GULFOILLUB · price
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On July 31, 2025, the Stakeholders Relationship Committee of Gulf Oil Lubricants India Limited approved the allotment of 15,173 equity shares (face value Rs. 2 each) to eligible employees who exercised their stock options under the company's ESOP Scheme 2015. The exercise price was Rs. 349.93 per share, which includes a premium of Rs. 347.93. After this allotment, the total issued and paid-up equity share capital stands at Rs. 9,86,39,246 divided into 4,93,19,623 equity shares. The newly issued shares rank equally with existing shares, carry no lock-in, and are identical in all respects. This is a small routine ESOP allotment, causing minimal dilution of about 0.003% to existing shareholders.
This is a routine, very small ESOP allotment with negligible dilution impact on shareholders. The exercise price of Rs. 349.93 suggests the stock is performing well, as employees are gaining on their options. No material effect on share price is expected.