Please find enclosed herewith intimation for allotment of Equity Shares to eligible employees under ESOP Scheme of the Company.
GULFOILLUB · price
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Gulf Oil Lubricants India Limited has allotted 1,07,807 equity shares of face value ₹2 each to eligible employees who exercised their stock options under the Gulf Oil Lubricants India Limited - Employee Stock Option Scheme 2015. The allotment was approved by the Stakeholders' Relationship Committee on April 13, 2026. After this issue, the company's total issued and paid-up share capital stands at ₹9,90,15,762, comprising 4,95,07,881 equity shares. Exercise prices were ₹349.93 and ₹428.155 per share, with no lock-in period, and the new shares rank equally with existing shares.
This is a routine ESOP allotment with negligible dilution (about 0.02% increase in share count). No material impact on shareholders or stock price is expected as the shares are identical to existing ones with no lock-in restrictions.