Gulf Oil Lubricants concluded its 18th Annual General Meeting on September 11, 2026. The meeting was held via video conferencing in compliance with SEBI and MCA guidelines.

Chairman Sanjay G. Hinduja presided over the session, which included 71 members. The Board confirmed the presence of requisite quorum and proceeded with the agenda items outlined in the notice dated August 3, 2026.

Business Transacted

Shareholders addressed several ordinary and special business items during the meeting. Key resolutions included:

• Adoption of Audited Standalone Financial Statements for FY26
• Adoption of Audited Consolidated Financial Statements for FY26
• Declaration of final dividend on equity shares for FY26
• Re-appointment of Shom Ashok Hinduja as Non-Executive Director
• Ratification of remuneration for Cost Auditors Dhananjay V. Joshi & Associates for FY27

Governance and Attendance

The meeting featured attendance from key leadership and independent directors. Mr. Arvind Uppal chaired the Stakeholders' Relationship, Nomination & Remuneration, and Risk Management Committees. Mrs. Manju Agarwal chaired the Audit Committee and Corporate Social Responsibility & Sustainability Committee.

Statutory Auditors S R B C & Co. LLP, Secretarial Auditor Ravi & Subramanyam, and Cost Auditor Dhananjay V. Joshi & Associates were present. Mr. Virendra G. Bhatt served as the Scrutinizer for e-voting.

E-Voting Process

Remote e-voting commenced on September 7, 2026, at 9:00 am and concluded on September 10, 2026, at 5:00 pm. Members who did not vote during this period were given an additional 30 minutes post-meeting to cast their votes.

The Chairman declared that e-voting results would be submitted to BSE Limited and National Stock Exchange of India Limited on or before September 16, 2026. Results will also be displayed at the company's registered office in Mumbai and hosted on its investor relations website.

Gulf Oil Lubricants India Limited accepted the resignation of Mr. Sandeep Bangia from his role as Head - Strategy, Transformation and E Mobility. The cessation of his services as Senior Management Personnel took effect at the close of business on August 31, 2026.

The company disclosed the change in senior management to the stock exchanges on September 7, 2026. The filing cites personal reasons for Mr. Bangia’s decision to step down from his position within the organisation.

Regulatory Disclosure

The announcement was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also references SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Ashish Pandey, Company Secretary and Compliance Officer of Gulf Oil Lubricants, signed the communication sent to BSE Limited and the National Stock Exchange of India Limited. The filing included a copy of the resignation letter received from Mr. Bangia.

Resignation Details

In his resignation letter dated May 18, 2026, addressed to Managing Director and CEO Ravi Chawla, Mr. Bangia requested relief from his duties by August 31, 2026. He stated that this timeline was mutually discussed and agreed upon.

Mr. Bangia expressed gratitude for the opportunities provided during his tenure with Gulf Oil Lubricants and the larger Hinduja Group. He committed to ensuring a smooth handover of responsibilities during his notice period.