Gulf Oil Lubricants India Limited has delivered exceptional financial performance in Q3 FY26, achieving record quarterly revenue and EBITDA figures. The Board of Directors approved the unaudited financial results for the quarter and nine months ended December 31, 2025, at their meeting held on February 9, 2026.

Record Financial Performance

The company's standalone operations generated revenue of ₹997.92 crores in Q3 FY26, representing a robust 10.28% year-on-year growth from ₹904.88 crores in Q3 FY25. EBITDA reached an all-time quarterly high of ₹130.27 crores, up 6.60% from ₹122.20 crores in the corresponding period last year.

Nine-Month Performance Highlights

For the nine-month period ended December 31, 2025, Gulf Oil demonstrated consistent growth with standalone revenue of ₹2,951.07 crores, up 11.81% from ₹2,639.28 crores in the previous year. On a consolidated basis, the company achieved a significant milestone with nine-month revenue crossing ₹3,000 crores, reaching ₹3,000.78 crores compared to ₹2,678.42 crores, marking a 12.04% increase.

Board Meeting Outcomes and Regulatory Compliance

The Board meeting commenced at 5:00 p.m. (IST) and concluded at 7:10 p.m. (IST) on February 9, 2026. The Board declared an interim dividend of ₹21.00 per equity share, representing 1,050% of the face value of ₹2 per share, with the record date set as February 13, 2026. The company has fulfilled its regulatory obligations under Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Impact of New Labour Codes

Profitability was impacted by incremental estimated obligations due to new labour codes notified effective November 21, 2025. The Government of India implemented four new labour codes, including the Code on Wages, 2019. The company recorded additional estimated obligation of ₹2,264.11 lakhs for standalone financials and ₹2,278.21 lakhs for consolidated financials, disclosed as exceptional items.

Strategic Acquisitions and Business Expansion

The Board approved acquisition of an additional 14.18% stake in subsidiary Tirex Transmission Private Limited for ₹3,808.77 lakhs from existing shareholders, increasing shareholding from 51% to 65.18%. The company also allotted 15,173 fully paid-up equity shares pursuant to the exercise of stock options by employees under the Employee Stock Option Scheme-2015.

Sustainability Initiatives

Both lubricant manufacturing plants in Chennai and Silvassa now operate with 100% solar rooftop capacity installations. During the nine-month period, rooftop solar systems contributed over 28% of total plant power consumption, reflecting the company's commitment to clean energy adoption and operational sustainability.

Gulf Oil Lubricants India Limited has successfully concluded its postal ballot process, with shareholders overwhelmingly approving two key resolutions related to the appointment of Mr. Manish Kumar Gangwal (DIN: 00255201). The company announced the voting results on February 9, 2026, following the completion of remote e-voting that concluded on February 7, 2026.

Postal Ballot Process and Timeline

The remote e-voting process commenced on Friday, January 9, 2026, at 9:00 a.m. (IST) and concluded on Saturday, February 7, 2026, at 5:00 p.m. (IST). The record date for determining eligible shareholders was set as January 2, 2026, with a total of 79,890 shareholders registered on this date. Mr. Virendra G. Bhatt, Practicing Company Secretary (M. No. 1157, CP No. 124), served as the scrutinizer for the postal ballot process.

Resolution Details and Voting Results

Shareholders voted on two ordinary resolutions, both receiving strong support across all shareholder categories:

First Resolution Voting Breakdown

The first resolution regarding Mr. Gangwal's appointment as Director received comprehensive support:

Second Resolution Voting Results

The second resolution for Mr. Gangwal's appointment as Whole-Time Director achieved even stronger support:

Regulatory Compliance and Documentation

The postal ballot was conducted in compliance with Regulation 44 read with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The process followed all applicable MCA circulars and SEBI guidelines for remote e-voting. National Securities Depository Limited (NSDL) provided the e-voting platform, ensuring secure and transparent voting procedures.

The voting results and scrutinizer's report are available on the company's website at https://india.gulfoilltd.com/investors/postal-ballot-notice and on NSDL's e-voting portal at https://www.evoting.nsdl.com/ . Both resolutions were deemed passed on February 7, 2026, with the requisite majority approval from shareholders. The company has formally communicated these results to BSE Limited (Scrip Code: 538567) and National Stock Exchange of India Limited (Scrip symbol: GULFOILLUB) through their respective listing platforms.