On February 03, 2017 Gulf Oil Lubricants India Ltd has allotted 8,526 Equity Shares of Rs. 2/- each fully paid-up to the grantees on exercise of the options granted to them pursuant to the Gulf Oil Lubricants India Limited - Employee Stock Option Scheme 2015.
These Equity Shares rank pari-passu with existing Equity Shares of the Company.
In view of the above the issued and paid-up capital of the Company stands increased to Rs. 9,92,46,136/- consisting 4,96,23,068 Equity Shares of Rs. 2/- each.