Please find enclosed herewith intimation for allotment of Equity Shares to an Eligible Employee under the ESOP Scheme of the Company.
GULFOILLUB · price
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Gulf Oil Lubricants India Ltd has allotted 8,894 equity shares of ₹2 face value each to one eligible employee who exercised stock options under the company's ESOP Scheme 2015. The exercise price was ₹428.155 per share (₹426.155 premium). This allotment increases the company's paid-up share capital by ₹17,788 to ₹9,90,33,550, with total shares now at 4,95,16,775. The newly allotted shares rank pari-passu with existing shares and carry no lock-in restrictions. This is a routine compliance filing for a minor ESOP exercise.
Negligible dilution for existing shareholders — only 8,894 shares against a total of 4.95 crore shares outstanding. This routine ESOP allotment has no material impact on stock price or shareholder value.