Castrol India Limited successfully conducted its 48th Annual General Meeting on 30 March 2026, marking another milestone in the company's corporate governance journey. The meeting was held virtually through video conferencing facility, with 74 shareholders participating in the proceedings that commenced at 10:00 a.m. IST under the chairmanship of Mr. Rakesh Makhija.

Meeting Highlights and Business Performance

During his address to shareholders, Chairman Mr. Rakesh Makhija reflected on the company's strong business performance for 2025, noting increased revenue and profit after tax for the year. The company demonstrated its commitment to shareholder returns through dividend payments during the financial year.

Voting Results and Shareholder Approval

The scrutinizer's report, prepared by Mr. K.G. Saraf of Saraf & Associates, revealed overwhelming shareholder support for all proposed resolutions. The voting process included both remote e-voting from 26 March to 29 March 2026 and electronic voting during the AGM.

Market Challenges and Strategic Outlook

The Chairman addressed the evolving global landscape, particularly highlighting the recent turmoil in the Middle East and its direct impact on energy markets and supply chains worldwide. For the lubricants industry, these developments have resulted in base oil price movements and input cost pressures. Despite these challenges, he emphasized that the underlying demand fundamentals for lubricants remain intact, driven by mobility, industrial growth, and infrastructure development.

The company's strategic approach focuses on maintaining agility in the near term while continuing investments with a long-term perspective. The Chairman also informed shareholders about the ongoing BP-Stonepeak deal, affirming that this development does not change how Castrol India operates, with the company's governance, strategy, and commitment to customers and shareholders remaining firmly in place.

Comprehensive Voting Participation

The voting process demonstrated strong institutional and retail participation across all shareholder categories. Out of 98,91,22,384 total shares, approximately 69.69 crore shares participated in the voting process, representing over 70% participation rate.

Regulatory Compliance and Documentation

The company fulfilled all regulatory requirements under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The consolidated voting results and scrutinizer's report have been submitted to BSE Limited and National Stock Exchange of India Limited, and made available on the company's website and CDSL's e-voting platform.

The meeting concluded at 12:30 p.m. IST, with the Chairman expressing gratitude to the management, employees, shareholders, and Board of Directors for their continued support. All four ordinary resolutions were successfully passed with the requisite majority, demonstrating strong shareholder confidence in the company's direction and management decisions.

Castrol India Limited has submitted its comprehensive Business Responsibility and Sustainability Report (BRSR) for the financial year ended 31 December 2025 to both BSE Limited and National Stock Exchange of India Limited. The report, filed on 25 February 2026, complies with Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

PATH360 Sustainability Strategy

The BRSR highlights Castrol's PATH360 sustainability programme, launched in 2021 and guided by bp's sustainability framework. This comprehensive strategy focuses on three key areas: saving waste, reducing carbon, and improving people's lives, all aimed at helping deliver a more sustainable future and achieving net zero by 2050 or sooner.

Key ESG Achievements

Castrol India has made significant progress in its sustainability journey during 2025:

Corporate Structure and Operations

The company operates with a paid-up capital of ₹ 494.56 crore and reported a turnover of ₹ 5,721.50 crore with net worth of ₹ 1,900.30 crore. Castrol India's operations span across three manufacturing plants and four offices nationally, serving 36 states and union territories through 400+ distributors reaching approximately 145,000+ customers.

Workforce and Governance

The organization employs 561 total employees (479 permanent and 82 other than permanent) and 268 workers (153 permanent and 115 other than permanent). The company maintains strong governance practices with 50% female representation on its Board of Directors and in Key Management Personnel positions.

Material ESG Issues

The report identifies 15 material responsible business conduct issues, including energy and emissions management, sustainable packaging, waste management, occupational health and safety, and diversity and inclusion. Each issue is addressed through specific mitigation strategies and financial implications are clearly outlined.

Community Impact

Castrol India's CSR programmes have benefited over 590,000 truck drivers and mechanics through initiatives like Sarathi Mitra and Eklavya. The company also runs community development programmes focused on women empowerment, youth upskilling, education, and sustainable development initiatives.

The complete BRSR report is available on the company's website at https://www.castrol.com/en_in/india/home/investors/annual reports.html, providing stakeholders with detailed insights into Castrol India's sustainability performance and commitment to responsible business practices.