Board Meeting Details

The Board meeting commenced at 2:15 PM IST and concluded at 4:30 PM IST on August 3, 2026.

Key Approvals

1. Unaudited Financial Results: Approved standalone and consolidated financial results for Q1 FY27 (quarter ended June 30, 2026), subject to limited review by statutory auditors M/s S R B C & Co. LLP.

2. Annual General Meeting: Scheduled the 18th AGM for FY26 on Friday, September 11, 2026, to be conducted through Video Conferencing/Other Audio Visual Means.

3. Dividend Record Date: Fixed record date for final dividend entitlement as Friday, September 4, 2026. The dividend of ₹30 per equity share (1500% of face value ₹2) was recommended by the Board at its previous meeting on May 27, 2026, subject to shareholder approval at the AGM.

4. E-voting Schedule: Cut-off date for e-voting eligibility set as September 4, 2026. E-voting period from September 7, 2026 (9:00 AM IST) to September 10, 2026 (5:00 PM IST).

Financial Results - Consolidated (Q1 FY27)

  • Revenue from Operations: ₹13,272.12 lakh (vs ₹10,164.52 lakh in Q1 FY26)
  • Total Income: ₹13,540.93 lakh (vs ₹10,390.01 lakh in Q1 FY26)
  • Net Profit: ₹1,208.38 lakh (vs ₹951.75 lakh in Q1 FY26)
  • EPS (Basic): ₹24.88 (vs ₹19.45 in Q1 FY26)
  • EPS (Diluted): ₹24.71 (vs ₹19.30 in Q1 FY26)

Financial Results - Standalone (Q1 FY27)

  • Revenue from Operations: ₹13,203.60 lakh (vs ₹9,963.63 lakh in Q1 FY26)
  • Total Income: ₹13,470.03 lakh (vs ₹10,185.70 lakh in Q1 FY26)
  • Net Profit: ₹1,275.25 lakh (vs ₹966.59 lakh in Q1 FY26)
  • EPS (Basic): ₹25.76 (vs ₹19.60 in Q1 FY26)
  • EPS (Diluted): ₹25.59 (vs ₹19.45 in Q1 FY26)

Subsidiary and Associate Performance

  • Tirex Transmission Private Limited (Subsidiary): Total revenues ₹1,208.11 lakh, net loss after tax ₹507.16 lakh for Q1 FY27
  • Techperspect Software Private Limited (Associate): Group's share of net loss ₹1.62 lakh, total comprehensive loss ₹1.67 lakh for Q1 FY27

Capital Structure Changes

The company allotted 116,701 fully paid-up equity shares of ₹2 each pursuant to exercise of stock options under Gulf Oil Lubricants India Limited-Employees Stock Option Scheme-2015 during the quarter. These shares rank pari-passu with existing equity shares.

Paid-up Capital

Increased to ₹990.34 lakh as of June 30, 2026 (from ₹988.00 lakh as of March 31, 2026).

Auditor Review

Financial results reviewed by M/s S R B C & Co. LLP, Chartered Accountants (ICAI Firm registration number: 324982E/E300003), who issued unmodified limited review reports.

Exceptional Items Note

The Government of India implemented four new labour codes including Code on Wages, 2019 effective November 21, 2025. The Group recorded additional obligation of ₹2,278.21 lakh (consolidated) and ₹2,264.11 lakh (standalone) as exceptional items in FY26 results.

Segment Information

Single business segment of "Lubricants" as per Ind AS-108 requirements.