Gulf Oil Lubricants India Limited announced the allotment of 80,451 equity shares of face value ₹2 each, fully paid-up, to eligible employees on the exercise of options granted under the Gulf Oil Lubricants India Limited - Employee Stock Option Scheme 2015.

The decision was approved by the Stakeholders' Relationship Committee on January 14, 2026. These new equity shares rank pari-passu with the existing equity shares of the company.

Following this allotment, the issued and paid-up equity share capital of the company has increased to ₹9,88,00,148, comprising 4,94,00,074 equity shares of ₹2 each. The exercise price per share was ₹349.93, with a premium of ₹347.93 per share. Details as required under SEBI (Share Based Employee Benefits) Regulations, 2021 are provided in Annexure-A.