Gulf Oil Lubricants Completes Allotment of Shares Under Employee Stock Option Scheme
Gulf Oil Lubricants India Limited announced a significant increase in its share capital following the allotment of equity shares to eligible employees. The allotment was executed under the Gulf Oil Lubricants India Limited Employee Stock Option Scheme 2015.The company confirmed that its Stakeholders' Relationship Committee approved the allotment of 1,07,807 Equity Shares. These shares, with a face value of ₹ 2/- each, were allotted to eligible employees upon the exercise of their options granted under the scheme.
Following this action, the issued and paid-up equity share capital of Gulf Oil Lubricants India Limited increased by ₹ 2,15,614. The total issued and paid-up capital now stands at ₹ 9,90,15,762, consisting of a total of 4,95,07,881 Equity Shares of ₹ 2/- each. The newly allotted equity shares rank pari passu with the company's existing equity shares.
Transaction Details and Share Capital Structure
The allotment is governed by the terms set forth in the 'Gulf Oil Lubricants India Ltd Employees Stock Option Scheme - 2015'. Key details of the share structure following the allotment are summarized below:| Particulars | Details | Value |
|---|---|---|
| Company Name | Gulf Oil Lubricants India Limited | |
| Scheme Title | Gulf Oil Lubricants India Ltd Employees Stock Option Scheme - 2015 | |
| Par Value per Share | ₹ 2.00 (Rupees Two only) | |
| Allotment Date | April 13, 2026 | |
| Number of Shares Allotted | 1,07,807 Equity Shares | |
| Total Issued Shares (After Issue) | 4,95,07,881 Equity Shares | |
| Total Issued Share Capital (After Issue) | ₹ 9,90,15,762 |
GULFOILLUB Stock Price Movement
Shares of Gulf Oil Lubricants India Limited on Monday slipped by 1.07% to close at ₹891.3. The stock traded within a range of ₹877.65 to ₹898.85, with 132,377 shares changing hands during the session.Source:
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