Gulf Oil Lubricants Asks Physical Shareholders to Complete Mandatory KYC Update

Gulf Oil Lubricants India Limited (GOLIL) has called on shareholders holding physical shares to urgently update their Know Your Customer (KYC) details. The move, communicated on 3 September 2025, is in line with directives from the Securities and Exchange Board of India (SEBI) and aims to ensure compliance with market regulations.

Compliance Framework and Restrictions

The notification cites Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements, 2015, along with SEBI Circular dated 16 March 2023. GOLIL has instructed that all physical shareholders must submit updated KYC records through its registrar and transfer agent, KFin Technologies Limited. From 2 September 2025, non-compliant investors will see restrictions on services, with grievance redressal and RTA support available only after KYC details have been provided in full.

Payment Rules And Required Forms

Future payments such as dividends, interest, and redemption proceeds will be made exclusively to shareholders whose KYC information is complete. Additionally, since 1 April 2024, all such payments have been mandated to be processed solely via electronic transfer. 

Shareholders are required to submit Form ISR-1 with self-attested documents for updating records. Form ISR-2, which must carry banker attestation of signature, is to be accompanied by either an original cancelled cheque with the investor’s name printed or a self-attested copy of a bank passbook or statement. Form SH-13 is to be used for updating nomination details.

Submission Process And Official Notice

Investors may send the required KYC documentation through hard copy, electronically, or directly via the web portal of KFin Technologies, where all forms and SEBI circulars are also available. GOLIL emphasised that this initiative is not just advisory but constitutes a formal notice to comply with SEBI’s circular of March 2023.

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Gulf Oil Share Price Performance 

As of September 4, 2025, at 9:45 AM, Gulf Oil Lubricants India share price is trading at ₹1,260.70 per share, reflecting a decline of 0.30% from the previous closing price. Over the past month, the stock has gained by 6.17%.

Conclusion 

By mandating timely KYC updates, Gulf Oil Lubricants is aligning with SEBI’s broader regulatory framework to strengthen transparency and investor safeguards. Shareholders are urged to complete their submissions promptly to avoid service restrictions and ensure seamless receipt of entitlements.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.