We enclose herewith the Postal Ballot Notice seeking approval of the Shareholders for appointment of Whole-Time Director of the Company.
GULFOILLUB · price
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Gulf Oil Lubricants India is seeking shareholder approval via postal ballot to appoint Mr. Manish Kumar Gangwal (DIN: 00255201) as Whole-Time Director for a 5-year term from December 22, 2025 to December 21, 2030, in addition to his current role as Chief Financial Officer. The Board had already approved his appointment on December 22, 2025, and SEBI rules require shareholder ratification within three months. He will receive a fixed annual remuneration of ₹2.24 crore plus a performance-linked variable pay of up to ₹1.50 crore, and holds 8,276 shares in the company. E-voting runs from January 9, 2026 to February 7, 2026, with results expected by February 10, 2026. Mr. Gangwal, aged 53, is a Chartered Accountant with over 30 years of experience and has been with the company for 17 years.
This is a routine internal elevation of the existing CFO to a dual WTD-CFO role, indicating leadership continuity rather than any disruption. The stock price is unlikely to be materially impacted, as the move formalises responsibilities he already holds.