Gulf Oil Lubricants has released the voting results for its 18th Annual General Meeting held on September 11, 2026. All five proposed resolutions were approved by shareholders with near-unanimous support.

The company disclosed the results on September 12, 2026, confirming that the scrutinizer's report validated the outcome of both remote e-voting and venue e-voting conducted via Video Conferencing/Other Audio-Visual Means.

Voting Results Overview

Shareholders voted on four ordinary business items and one special business item. The promoter group, holding 33,100,725 shares, cast all its votes in favor of every resolution. Public institutional and non-institutional shareholders also showed strong backing.

Key Resolutions Approved

The ordinary business items included the adoption of audited standalone and consolidated financial statements for FY26, along with the declaration of a final dividend on equity shares for the fiscal year ended March 31, 2026.

Shareholders also approved the re-appointment of Mr. Shom Ashok Hinduja as a Non-Executive Director liable to retire by rotation. As special business, the ratification of remuneration for Cost Auditors Dhananjay V. Joshi & Associates for FY27 was passed.

Participation and Governance

Remote e-voting ran from September 7 to September 10, 2026. Venue e-voting was available during the AGM for members who had not voted remotely. The total number of shares eligible to vote was 49,555,526.

Mr. Virendra G. Bhatt served as the scrutinizer for the e-voting process. The results have been submitted to BSE Limited and National Stock Exchange of India Limited.

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.