Gulf Oil Lubricants Allots 8,894 Equity Shares to Employee Under Stock Option Scheme
Gulf Oil Lubricants India Limited announced on May 26, 2026, the allotment of equity shares to an eligible employee under the company’s Employee Stock Option Scheme 2015. The allotment was approved by the Stakeholders' Relationship Committee.The committee approved the issuance of 8,894 Equity Shares, each having a face value of ₹ 2/-, fully paid-up. These shares are allotted upon the employee’s exercise of options granted under the Gulf Oil Lubricants India Limited- Employee Stock Option Scheme 2015. The newly allotted Equity Shares rank pari passu with the Company's existing Equity Shares.The allotment results in an increase in the Company's issued...