Gulf Oil Lubricants India Limited — Important, 06-02-2025: Updates

The Stakeholders Relationship Committee of Gulf Oil Lubricants India Limited has approved the allotment of 2,241 fully paid-up equity shares at a face value of Rs. 2 each to eligible employees under the Employee Stock Option Scheme 2015. This allotment increases the total issued and paid-up equity share capital to Rs. 9,86,08,900, comprising 4,93,04,450 equity shares. The shares issued are identical to existing shares, implying that they will rank equally in terms of rights and benefits. This move reflects the company's ongoing commitment to incentivize and retain talent, enhancing employee engagement and productivity, which can support a positive outlook for the company.