Gulf Oil Lubricants Allots 1,07,807 Equity Shares Under Employee Stock Option Scheme 2015
Gulf Oil Lubricants India Limited has allotted 1,07,807 equity shares of ₹ 2.00 face value each under its Employee Stock Option Scheme 2015, approved by the Stakeholders' Relationship Committee on April 13, 2026. The shares were issued at exercise prices of ₹ 349.93 and ₹ 428.155 to eligible employees. This allotment increases the company's paid-up share capital by ₹ 2,15,614 to ₹ 9,90,15,762, with total equity shares now standing at 4,95,07,881.
*this image is generated using AI for illustrative purposes only.
Gulf Oil Lubricants India Limited has completed the allotment of 1,07,807 equity shares under its Employee Stock Option Scheme 2015, following approval from the Stakeholders' Relationship Committee on April 13, 2026. The shares were issued to eligible employees who exercised their stock options granted under the company's ESOP scheme.
Share Allotment Details
The allotment comprises equity shares with a face value of ₹ 2.00 each, fully paid-up, issued to employees who exercised their options under the Gulf Oil Lubricants India Limited Employee Stock Option Scheme 2015. The newly issued shares carry the same rights and privileges as existing equity shares of the company.
| Parameter | Details |
|---|---|
| Number of Shares Allotted | 1,07,807 Equity Shares |
| Face Value per Share | ₹ 2.00 |
| Date of Allotment | April 13, 2026 |
| Exercise Price Option 1 | ₹ 349.93 |
| Exercise Price Option 2 | ₹ 428.155 |
| Premium Option 1 | ₹ 347.93 |
| Premium Option 2 | ₹ 426.155 |
Impact on Share Capital
Following this allotment, the company's issued and paid-up equity share capital has increased by ₹ 2,15,614. The total issued and paid-up equity share capital now stands at ₹ 9,90,15,762, consisting of 4,95,07,881 equity shares of ₹ 2.00 each.
| Capital Structure | Amount/Number |
|---|---|
| Capital Increase | ₹ 2,15,614 |
| Total Issued Share Capital | ₹ 9,90,15,762 |
| Total Number of Shares | 4,95,07,881 |
| Distinctive Numbers | 50816742 - 50924548 |
Regulatory Compliance
The allotment was conducted pursuant to the 'In Principal' approval received from BSE Limited and National Stock Exchange of India Limited dated June 6, 2016 and June 9, 2016 respectively. The company has filed the necessary details with both exchanges, with BSE filing number 36792 and NSE filing number 9101. The shares are issued in dematerialized form under ISIN number INE635Q01029.
Share Characteristics
The newly allotted shares are identical in all respects to the existing equity shares of the company and rank pari-passu with them. There are no lock-in restrictions on these shares, and no listing fees are payable for this allotment. The shares will be traded on both BSE Limited and National Stock Exchange of India Limited where the company's equity shares are currently listed.
Historical Stock Returns for Gulf Oil Lubricants
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.27% | +3.62% | -4.41% | -21.90% | -18.69% | +35.27% |
How might this ESOP exercise activity signal employee confidence in Gulf Oil's future performance and stock price trajectory?
Will Gulf Oil consider expanding or modifying its ESOP scheme given the apparent employee participation in stock option exercises?
What impact could the 2.2% increase in share count have on Gulf Oil's earnings per share and dividend distribution strategy?
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