Gulf Oil Lubricants India Ltd has allotted 5,206 equity shares of Rs 2 each fully paid-up to the grantees on exercise of the options granted to them under the Employee Stock Option Scheme 2015.
These equity shares rank pari-passu with the existing equity shares of the company.
Following the allotment, the issued and paid-up capital of the company stands increased to Rs 9,92,29,084 consisting 4,96,14,542 equity shares of Rs 2 each, the company informed the BSE today.