Gulf Oil Lubricants India Limited has published newspaper notices regarding its postal ballot process seeking shareholder approval for a key board appointment. The company dispatched the postal ballot notice to shareholders through email on January 6, 2026, and published the information in leading newspapers on January 7, 2026.

Postal Ballot Details

The postal ballot seeks approval for two interconnected resolutions related to the appointment of Mr. Manish Kumar Gangwal. Both resolutions are classified as ordinary resolutions requiring simple majority approval from shareholders.

E-Voting Schedule and Process

The company has established a comprehensive timeline for the postal ballot process, conducted entirely through electronic voting. The e-voting facility is provided by NSDL (National Securities Depository Limited).

Newspaper Publication and Compliance

Following regulatory requirements under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, the company published the postal ballot information in Business Standard (English) and Sakal (Marathi) newspapers on January 7, 2026. This publication ensures wider dissemination of information to shareholders who may not have registered email addresses.

The postal ballot notice, along with e-voting instructions, is available on multiple platforms:

• Company website: https://india.gulfoil.com/investors/postal-ballot-notice
• NSDL e-voting portal: https://www.evoting.nsdl.com
• BSE Limited website: www.bseindia.com
• National Stock Exchange website: www.nseindia.com

Scrutinizer Appointment

Mr. Vinodra G. Bhatt, a Practicing Company Secretary (Membership No. 1157, Certificate of Practice No. 124), has been appointed as the Scrutinizer to conduct the postal ballot process. The scrutinizer will ensure fair and transparent conduct of the e-voting process and compile the voting results.

Shareholders seeking assistance with the e-voting process can contact NSDL at 022-4886 7000 or email evoting@nsdl.com . The company has emphasized that only shareholders whose names appear in the register of members as of the cut-off date are eligible to participate in the voting process.

Federal Bank Limited has completed the allotment of 1,12,883 equity shares to option grantees under its Employee Stock Option Schemes (ESOS) on January 04, 2026. The allotment was approved by the Nomination, Remuneration, Ethics and Compensation Committee following payment of money by the allottees.

Allotment Details

The bank executed two separate allotments under different ESOS schemes, demonstrating continued employee participation in equity-based compensation programs:

Regulatory Compliance and Authorization

The allotment process followed proper regulatory protocols with formal notification to stock exchanges. The bank communicated the development to both National Stock Exchange of India Limited and BSE Limited under reference number SEC/ESOS/360/2025-26.

Employee Stock Option Framework

The Federal Bank operates multiple ESOS schemes as part of its employee retention and motivation strategy. The ESOS 2010 and ESOS 2017 schemes provide employees with opportunities to acquire equity stakes in the bank, aligning their interests with long-term organizational performance.

The allotment represents the exercise of stock options by eligible employees who have met the requisite vesting conditions and made the necessary payments as per scheme guidelines. Each allotted equity share carries a face value of ₹2.00, reflecting the bank's standard equity structure.

Strategic Significance

This equity allotment underscores Federal Bank's commitment to employee participation in the bank's growth trajectory. The ESOS framework serves as a key component of the bank's human resource strategy, providing employees with direct ownership stakes and fostering long-term commitment to organizational success.

The formal notification to stock exchanges ensures transparency and compliance with listing regulations, maintaining the bank's adherence to corporate governance standards in employee compensation matters.