Gulf Oil Lubricants India allots 54,857 equity shares

Under ESOP

Gulf Oil Lubricants India has allotted 54,857 Equity Shares of Rs. 2/- each fully paid-up to the grantees on exercise of the options granted to them pursuant to the Gulf Oil Lubricants India Limited- Employee Stock Option Scheme 2015 on 24 July 2017.

These Equity Shares rank pari- passu with existing Equity Shares of the Company.

In view of the above the issued and paid up capital of the Company stands increased to Rs. 9,93,77,294/- consisting 4,96,88,647 Equity Shares of Rs. 2/- each.

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