Gulf Oil Lubricants Allots 38,751 Equity Shares to Employees under Stock Option Scheme
Gulf Oil Lubricants India Ltd has announced the allotment of Equity Shares to its eligible employees following the exercise of options granted under the Gulf Oil Lubricants India Limited Employee Stock Option Scheme 2015. The allotment was approved by the company's Stakeholders' Relationship Committee on July 14, 2026.The company allotted 38,751 Equity Shares, each with a face value of ₹ 2/- to its employees pursuant to the Employee Stock Option Scheme 2015. The new shares granted are pari-passu with the Company's existing Equity Shares.
This allotment resulted in an increase in the issued and paid-up equity share capital by ₹ 77,502. Aggregating this transaction, the total outstanding share capital of Gulf Oil Lubricants India Ltd now stands at ₹ 9,91,11,052/, comprising a total of 4,95,55,526 Equity Shares of ₹ 2/- each.
Key details regarding the allotment and company structure following this issue are provided in the table below:
| Particulars | Details |
|---|---|
| Allotted Shares | 38,751 Equity Shares (Face Value: ₹ 2/- each) |
| Total Issued Share Capital Post-Issue | ₹ 9,91,11,052/- |
| Total Outstanding Equity Shares | 4,95,55,526 Equity Shares |
| Shares are Identical to Existing | Yes |
The allotment under the Employee Stock Option Scheme 2015 is complete, marking a significant addition to the company's capital structure.
GULFOILLUB Stock Price Movement
Today, Gulf Oil Lubricants India Limited shares shed 0.92%, concluding trading at ₹1033.50 after settling on a decline. The stock throughout the day traded within a range defined by a low of ₹1029 and a high of ₹1046.9.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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