Please find enclosed herewith intimation for allotment of Equity Shares to an Eligible Employee under the ESOP Scheme of the Company.

Gulf Oil Lubricants India's Stakeholders' Relationship Committee approved the allotment of 8,894 equity shares (face value ₹2 each, fully paid-up) to one eligible employee on exercise of stock options granted under the Gulf Oil Lubricants India Ltd Employees Stock Option Scheme - 2015. The exercise price was ₹428.155 per share with a premium of ₹426.155 per share. Following this allotment, the company's paid-up equity share capital increased by ₹17,788 to ₹9,90,33,550, comprising 4,95,16,775 equity shares. The new shares rank pari-passu with existing equity shares and are identical in all respects.