The Board of Directors at its meeting held today viz. Wednesday, October 28, 2026, has inter-alia, considered and approved the Unaudited Financial Results (Standalone and Consolidated) for the second quarter and half year ended September 30, 2026, subjected to the Limited Review by M/s S R B C & Co., LLP, Chartered Accountants, Statutory Auditors of the Company.

October 28, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra-Kurla Complex Dalal Street, Mumbai - 400 001 Bandra (East), Mumbai - 400 051 Scrip Code: 538567 Scrip symbol: GULFOILLUB Through: BSE Listing Centre Through: NEAPS Dear Sir/ Madam, Sub.: Outcome of the Board Meeting Ref.: Regulations 30, 33 and other applicable Regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 We wish to inform you that the Board of Directors of Gulf Oil Lubricants India Limited (“the Company”), at its meeting held today viz. Wednesday, October 28, 2026, has inter-alia, considered and approved the Unaudited Financial Results (Standalone and Consolidated) for the second quarter and half year ended September 30, 2026, subjected to Limited Review by M/s S R B C & Co. LLP, Chartered Accountants, Statutory Auditors of the Company. In this regard, please find enclosed the following documents: (a) Unaudited Financial Results (Standalone and Consolidated) for the second quarter and half year ended September 30, 2026; (b) Unmodified Limited Review Report on the said Financial Results issued by M/s S R B C & Co. LLP, Chartered Accountants, Statutory Auditors of the Company. The Board meeting commenced at 12:00 Noon (IST) and concluded at 3:47 p.m. (IST). Kindly take the same on record. Thanking you. For Gulf Oil Lubricants India Limited Manish Kumar Gangwal Whole-Time Director & CFO DIN: 00255201 Encl.: as above SRBC&COLLP 1stFloor,BlockB-7, NorthSide NirlonKnowledgePark,NearHubMall CharteredAccountants Off WesternExpressHighway Goregaon(E),Mumbai-400063,India Tel:+912268198000 Independent Auditor's Review Report onthe Quarterly and Year to dateUnauditedConsolidatedFinancial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Reguirements)Regulations, 2015, as amended Review Report to The Boardof Directors Gulf Oil Lubricants India Limited 1. WehavereviewedtheaccompanyingStatement of UnauditedConsolidatedFinancialResults of Gulf Oil Lubricants India Limited (the "Holding Company”) and its subsidiary (the Holding Company and its subsidiary together referred to as "the Group”), and its associate company for the quarter ended September 30, 2026 and year to date from April 01, 2026to September 30, 2026(the “Statement”) attachedherewith,beingsubmittedbytheHoldingCompanypursuanttotherequirementsofRegulation 33 of the SEBI(ListingObligations and Disclosure Requirements)Regulations, 2015, as amended(the "ListingRegulations”). 2. TheHoldingCompany's Management isresponsible for the preparationof the Statement inaccordance withthe recognition and measurement principles laid down inIndian Accounting Standard34,(Ind AS 34)"InterimFinancialReporting"prescribedunderSection133oftheCompaniesAct,2013asamended, read with relevant rules issued thereunder and other accounting principles generally accepted inIndia andincompliance withRegulation33 of theListingRegulations. The Statement has been approved by theHoldingCompany'sBoardofDirectors.OurresponsibilityistoexpressaconclusionontheStatement basedonourreview. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by theInstitute of Chartered Accountants of India. This standard requires that we plan and performthe review to obtain moderate assurance as to whether the Statement is free of material misstatement.Areviewofinterimfinancialinformationconsistsofmakinginquiries,primarilyofpersons responsible for financial and accounting matters, and applying analytical andother review procedures. A reviewissubstantiallylessinscopethananauditconductedinaccordancewithStandardsonAuditing andconsequently doesnot enableustoobtainassurancethat we wouldbecomeawareof allsignificant mattersthatmight beidentifiedinanaudit. Accordingly,wedonot expressanauditopinion. We also performed procedures in accordance with the Master Circular issued by the Securities and ExchangeBoardof IndiaunderRegulation33(8)of theListingRegulations,totheextent applicable. 4. The Statement includes the results of the following entities: Tirex Transmission Private Limited ( SubsidiaryCompany)andTechperspect SoftwarePrivateLimited(AssociateCompany). 5. Basedonourreviewconductedandproceduresperformedasstatedinparagraph3 aboveandbasedon the considerationof the review reports of other auditorsreferredtoinparagraph 6below,nothinghas come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards('Ind AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the mannerinwhichit istobedisclosed,orthatit containsanymaterialmisstatement. 6. The accompanying Statement includes the unaudited interim financial results and other financial information,inrespect of: (cid:127) One subsidiary, whose unauditedinterim financial results includes total assets of Rs 18,513.81 lakhsasatSeptember 30,2026,totalrevenuesof Rs3,241.79lakhsandRs4,426.16lakhs,total net loss after tax of Rs. 100.25 lakhs and Rs. 607.40 lakhs and total comprehensive loss of Rs. 100.53 lakhs lakhs and 607.69 lakhs, for the quarter ended September 30, 2026 and the period endedonthat date respectively andnet cashoutflow of Rs.67.30lakhs for theperiodfrom April 01,2026toSeptember30,2026,asconsideredintheStatement whichhavebeenreviewedbyits independent auditors. SRBC&COLLP.aLimitedLiabilityPartnershipwithLLPIdentityNo.AAB-4318 Regd.Office:22.CamacStreet.Block’B'.3rdFloor.Koikara-700016 S R B C & CO LLP CharteredAccountants (cid:127) One associate, whose unauditedinterim financial results include Group's share of net loss of Rs. 7.21lakhs andRs. 8.83 lakhs and total comprehensive loss of Rs. 7.24 lakhs and 8.91lakhs for the quarter ended September 30, 2026, and the period ended on that date respectively as consideredinthe Statement whose interim financial results andother financial information have beenreviewedbyitsindependentauditors. The independent auditor's reports on interim financial results and other financial information of these entitieshavebeenfurnishedtousbytheManagement andourconclusionontheStatement,insofar as itrelatestotheamountsanddisclosuresinrespectof thesubsidiaryandassociateisbasedsolelyonthe reportsof suchauditorsandproceduresperformedbyusasstatedinparagraph3above. OurconclusionontheStatementinrespect of matters statedinparagraph6aboveisnotmodifiedwith respect toour relianceonthework doneandthereportsof theother auditors. For SR B C &COLLP CharteredAccountants ICAIFirmregistrationnumber:324982E/E300003 Place:Mumbai Date:October 28,2026 GulfOilLubricantsIndiaLimited Registered&CorporateOffice:INCentre,49/50,MIDC,12thRoad,Andheri[E],Mumbai-400093,Maharashtra,India CINNOL23203MH2008PLC267060 TelNo.+912266487777Fax:+912228248232 Website:www.india.gulfoilltd.com email:secretarial@gulfoil.co.in STATEMENTOFUNAUDITEDCONSOLIDATEDFINANCIALRESULTSFORTHEQUARTERANDHALFYEARENDEDSEPTEMBER30,2026 Rs.Lakhs SrNo Particulars Quarterended Halfyearended Yearended 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1Income a.RevenuefromOperations 1,40,865.69 1,32,721.24 96,677.39 2,73,586.93 1,98,322.54 4,05,604.06 b.OtherIncome 2,727.86 2,688.06 2,549.98 5,415.92 4,804.94 9,762.23 TotalIncome 1,43,593.55 1,35,409.30 99,227.37 2,79,002.85 2,03,127.48 4,15,366.29 2Expenses a.Costofrawandpackingmaterialsconsumed 90,555.43 82,616.56 51,057.88 1,73,171.99 1,04,405.11 2,13,797.63 [Showing first 8,000 characters — download PDF for full document]