Gulf Oil Corporation Ltd has informed BSE that the Company has fixed June 05, 2014 as the Record Date for the purpose of Scheme of Arrangement (Demerger) and also share capital reorganization/reduction (face value reduction and consolidation) of the Company in terms of the Scheme of Arrangement. SUB. :- Scheme of Arrangement (Demerger) and Reduction & Consolidation of Equity Share Capital of Gulf Oil Corporation Ltd. (Scrip Code: 506480) Trading members of the Exchange are hereby informed that, Gulf Oil Corporation Ltd has fixed the Record Date for the purpose of Scheme of Arrangement (Demerger) and Reduction & Consolidation of Equity Share Capital pursuant to the order passed by the HonÆble High Court of Judicature of Andhra Pradesh at Hyderabad. Trading Members are advised not to deal in the equity shares of the company with effect from the under mentioned date. COMPANY NAME & CODE Gulf Oil Corporation Ltd. (506480, 606480) RECORD DATE 05.06.2014 PURPOSE Scheme of Arrangement: Demerger: Upon coming into effect of the Scheme and in consideration of the Demerger, including the transfer and vesting of the Lubricants Undertaking in Gulf Oil Lubricants India Ltd., Gulf Oil Lubricants India Ltd. shall issue and allot to each member of Gulf Oil Corporation Ltd. equity shares of Gulf Oil Lubricants India Ltd. in the ratio of 1 equity share of Gulf Oil Lubricants India Ltd. of the face value of Rs. 2/- each credited as fully paid up for every 2 equity shares of Rs. 2/- each fully paid up held by such member in Gulf Oil Corporation Ltd. Reduction & Consolidation of Share Capital (Post Demerger): Upon coming into effect of the Scheme, the issued, subscribed and paid up capital of Gulf Oil Corporation Ltd. shall be reduced by reducing the face value of the equity shares from 1 equity share of Rs. 2/- each fully paid to 1 equity share of Re. 1/- each fully paid. Simultaneously, 2 equity shares of Re. 1/- shall be consolidated into 1 fully paid up equity share of Rs. 2/- each. NO DEALINGS FROM DATE & SETT. NO. 04/06/2014 DR-045/2014-2015 Trading Members of the Exchange are requested to take note of it. (As Per BSE Notice Dated on 03.06.2014)