News Verification

November 2, 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.: Clarification on the news item published in the “Website- https://economictimes.indiatimes.com/ ” dated November 2, 2026 captioned “Hinduja's Gulf Oil scouts acquisitions in Asia, South America ahead of global listing” Ref.: Regulation 30 read with Schedule III of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 (“the SEBI Listing Regulations”) This is with reference to the email dated November 2, 2026 received from BSE Limited bearing reference number: L/SURV/ONL/RV/APJ/ (2026-2027)/ 115 and letter received from NSE bearing reference number: NSE/CM/Surveillance/17753 seeking clarification on an article published on the website of Economic Times captioned “Hinduja's Gulf Oil scouts acquisitions in Asia, South America ahead of global listing”. We wish to clarify that the aforesaid news item pertains to an interview with Chairman of Gulf Oil International where he spoke about the global acquisition/expansion plans of Gulf Oil International. This was followed by the highlight on Q2 FY27 performance and capacity expansion plans of Gulf Oil Lubricants India Limited (“the Company”) which have already been intimated to the Exchanges from time to time. The movement in the price of the Company's securities today is market-driven and the Company has no control over the same. Further, as requested in the Email, we would like to clarify that the Company has not entered into any negotiations with respect to the global expansion/acquisitions plans. In view of the above, we therefore confirm that there was no such event prior to the publication of captioned news item, which required the Company to disclose any information to the Stock Exchanges as required under Regulation 30 of the SEBI Listing Regulations, Trust this addresses the requirements. Kindly take the above clarification on record. Thanking you. For Gulf Oil Lubricants India Limited Manish Kumar Gangwal Whole-Time Director & CFO DIN: 00255201