The "Nomination and Remuneration Committee" of the Board of Directors of Gulf Oil Lubricants India Ltd, at its meeting held on May 26, 2015, has decided to grant 606990 Stock Options to the eligible employees of the Company, in accordance with the terms and conditions of "Gulf Oil Lubricants India Limited - Stock Option Scheme-2015" ("GOLIL-ESOP Scheme") as approved by the shareholders of the Company.