Gulf Oil Lubricants India's committee approved allotment of 107,807 equity shares under its 2015 Employee Stock Option Scheme on April 13, 2026.
The allotment increases the company's paid-up equity capital to ₹9.90 crore, comprising 4.95 crore shares of ₹2 each.
Shares were issued at exercise prices of ₹349.93 and ₹428.155 per share, with premiums of ₹347.93 and ₹426.155 respectively.
The new shares rank pari-passu with existing equity shares and have no lock-in period, as per SEBI Share Based Employee Benefits Regulations.