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 and paid-up equity share capital. The details regarding the share structure following the issue are presented below.
| Metric | Value |
|---|---|
| Shares Allotted | 8,894 Equity Shares |
| Face Value per Share | ₹ 2.00 |
| Total Increase in Capital | ₹ 17,788 |
| New Issued Capital | ₹ 9,90,33,550/- |
| Total Shares Outstanding | 4,95,16,775 Equity Shares |
The details related to the scheme also confirmed the following financial parameters:
| Parameter | Value |
|---|---|
| Scheme Title | 'Gulf Oil Lubricants India Ltd Employees Stock Option Scheme - 2015' |
| Exercise Price per Share | ₹ 428.155/- |
| Premium per Share | ₹ 426.155/- |
| Shares Issued after this issue | 4,95,16,775 Equity Shares |
| Total Issued Share Capital | ₹ 9,90,33,550/- |
With this allotment, the Company’s issued and paid-up equity share capital totals ₹ 9,90,33,550/ comprising 4,95,16,775 Equity Shares of ₹ 2/- each.
GULFOILLUB Stock Price Movement
Today, Gulf Oil Lubricants India Limited shares edged higher, settling at ₹935, having gained 1.12% for the session. The stock saw significant investor interest, trading on a volume of 40,028 shares.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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