Castrol India Limited has issued a postal ballot notice dated 23 July 2026, seeking shareholder approval for the appointment of Mr. Saugata Basuray (DIN: 09522239) as Managing Director of the Company. The appointment is proposed to take effect from 1 June 2026 for a term of 5 (five) consecutive years ending on 31 May 2031, and is to be passed by way of an ordinary resolution through a remote e-voting process. The Board of Directors, at its meeting held on 28 May 2026, approved the appointment based on the recommendation of the Nomination and Remuneration Committee.

Appointment Details and Background

Mr. Basuray was first appointed as Whole-time Director of the Company on 1 April 2022 for a period of 5 (five) consecutive years. Effective 1 January 2026, he was re-designated as Whole-time Director and Interim Chief Executive Officer following the resignation of the previous Managing Director. With over 26 years of experience across sales, marketing, and business leadership, Mr. Basuray joined the Company as a Management Trainee in 1999 and has since held a series of impactful roles in India and abroad, including leading Castrol Philippines from 2013 to 2017 and subsequently serving as Managing Director of Castrol's joint venture in Indonesia.

The following table summarises the key details of the proposed appointment:

Remuneration Structure

The remuneration payable to Mr. Saugata Basuray during his tenure as Managing Director has been structured as follows:

Mr. Basuray shall not be entitled to sitting fees for attending meetings of the Board of Directors or any Committee(s) thereof. In the event of absence or inadequacy of profits in any financial year, the remuneration shall be subject to receipt of necessary statutory approvals.

Brief Profile of Mr. Saugata Basuray

Mr. Basuray holds a Bachelor of Engineering degree from the University of Pune and completed his MBA from Symbiosis Institute of Business Management (SIBM). He also completed his Advanced Management Program from the Wharton School, University of Pennsylvania. He has worked in four countries across two continents, providing him with deep experience of operating in diverse market structures. Early in his career, he served as Executive Assistant to the Managing Director of the Company and Regional Vice President bp. In 2008, he moved to Castrol's global headquarters in the UK, where he was part of the marketing team that helped shape Castrol Edge into a global power brand.

Mr. Basuray currently holds the following committee positions within Castrol India Limited:

• Risk Management Committee – Chairperson
• Corporate Social Responsibility Committee – Member
• Stakeholders' Relationship Committee – Member

He also serves as Additional (Nominee) Director on the board of TVS Automobile Solutions Private Limited.

E-Voting Timeline and Process

The postal ballot notice is being sent only by electronic mode to shareholders whose names appear in the Register of Members/List of Beneficial Owners as on the cut-off date of Friday, 17 July 2026, and whose e-mail addresses are registered with the Company or Depositories. Central Depository Services (India) Limited (CDSL) has been engaged to provide the remote e-voting facility.

The results of the postal ballot shall be communicated to BSE Limited and National Stock Exchange of India Limited, and will also be displayed on the Company's website. Mr. K. G. Saraf, Proprietor of M/s. Saraf and Associates, Company Secretaries (COP No. 642), has been appointed as the Scrutinizer to oversee the e-voting process in a fair and transparent manner. The postal ballot notice is available on the Company's website at https://www.castrol.com/en_in/india/home/investors/general-meeting.html under Postal Ballot 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.