Gulf Oil Clarifies No Acquisition Negotiations Amidst News

Gulf Oil Lubricants India Ltd has issued a clarification regarding a news item published on November 2, 2026, in the Economic Times. The article, titled "Hinduja's Gulf Oil scouts acquisitions in Asia, South America ahead of global listing," was based on an interview with the Chairman of Gulf Oil International discussing global acquisition and expansion plans. The company clarified that the news item also highlighted its Q2 FY27 performance and capacity expansion, which have been previously disclosed. Gulf Oil Lubricants India Ltd explicitly stated that it has not entered into any negotiations concerning global expansion or acquisitions. The company also confirmed that the recent movement in its stock price is market-driven and beyond its control. They asserted that no undisclosed material event occurred prior to the news publication that necessitated disclosure.