Castrol India Limited has published newspaper advertisements on July 24, 2026, confirming the dispatch of its postal ballot notice to shareholders. The ballot seeks approval for the appointment of Saugata Basuray (DIN: 09522239) as Managing Director, effective June 1, 2026, for a five-year term ending May 31, 2031. This leadership transition ensures continuity in the company’s go-to-market strategy and rural distribution expansion, following Mr. Basuray’s tenure as Whole-time Director and Interim Chief Executive Officer since January 1, 2026.

The Board of Directors approved the appointment on May 28, 2026, based on recommendations from the Nomination and Remuneration Committee. The resolution is proposed under Sections 196, 197, 198, and 203 of the Companies Act, 2013, read with Schedule V and Regulation 17(1C) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In compliance with Regulation 30 read with Schedule III Part A Para A of the SEBI Listing Regulations, Castrol India Limited published advertisements in Financial Express (English) and Sakal (Marathi) on July 24, 2026. The complete postal ballot notice and explanatory statement are available on the company’s website at www.castrol.co.in .

Remuneration Structure

Mr. Basuray’s compensation package is designed to align with market standards for his role and experience. The fixed pay component ranges from ₹25,000,000 to ₹45,000,000 per annum, comprising basic salary and other fixed allowances such as house rent and travel concession. He is eligible for an annual cash bonus targeting 55% of his total fixed pay, determined by financial and non-financial performance parameters reviewed by the Nomination and Remuneration Committee.

Equity-linked incentives form a significant portion of the variable pay, equivalent to 95% of his total fixed pay at the time of grant. This includes equity share value plans (30%) and restricted stock units (65%) under the employee stock option scheme of bp p.l.c., the ultimate holding company. Additionally, he receives a city compensatory allowance of ₹2,430,000 per annum. His last drawn remuneration in 2025 was ₹3.92 crore. Mr. Basuray holds 400 equity shares in Castrol India Limited.

E-Voting Process and Eligibility

Eligibility to vote is determined by the register of members or list of beneficial owners as of the cut-off date, July 17, 2026. Only shareholders with registered email addresses will receive the postal ballot notice electronically, in compliance with Ministry of Corporate Affairs circulars. Physical copies are not being dispatched. Shareholders without registered emails must update their details with their depository participants or the Registrar and Transfer Agent, KFin Technologies Limited, before the cut-off date.

K. G. Saraf, Proprietor of M/s. Saraf and Associates, Company Secretaries, has been appointed as the Scrutinizer to oversee the e-voting process. The resolution requires an ordinary majority for passage. The voting window opens on July 24, 2026, at 9:00 A.M. IST and closes on August 22, 2026, at 5:00 P.M. IST. Results are expected by August 25, 2026.

Castrol India Limited has scheduled a post-earnings conference call with analysts and investors to discuss its unaudited financial results for the quarter and half year ended 30 June 2026. The meeting is set for Wednesday, 5 August 2026, from 12:15 p.m. IST to 1:00 p.m. IST, following the adoption of the results by the Board of Directors on 4 August 2026. The session will include a management discussion on financial performance and an interactive question-and-answer segment.

The disclosure was made to the BSE Limited and the National Stock Exchange of India Limited pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that no unpublished price-sensitive information will be shared during the call. Any presentation materials used will be made available on the company's website.

The management team will be represented by Saugata Basuray, Managing Director, and Mrinalini Srinivasan, Chief Financial Officer & Whole-time Director. Participants can join the discussion via specific dial-in numbers for various regions or through a direct access link provided for India and Mumbai.

Castrol India Limited, part of the bp group, operates as a leading lubricant company with a presence in the automotive, mining, machinery, and wind energy sectors. The company noted that the schedule is subject to change due to unavoidable circumstances.