Castrol India Ltd witnessed a significant reduction in institutional holding as Life Insurance Corporation of India (LIC) sold 2.052% of its equity shares through the open market.

The transaction, disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, was executed over a six-month period from April 30, 2026, to October 9, 2026. Following this disposal, LIC’s shareholding in the lubricant major stands at 6.999%, down from its previous position of 9.051%.

Transaction details

The Life Insurance Corporation of India acted as the acquirer/seller in this transaction. The disclosure confirms that LIC does not belong to the promoter or promoter group of Castrol India. The mode of sale was explicitly stated as a market sale, indicating that the shares were sold on the stock exchanges rather than through off-market transfers or preferential allotments.

The total number of shares disposed of amounts to 20,298,761. This represents a 2.052% reduction relative to the total voting capital of the company. The company’s equity share capital remained unchanged at ₹494.56 crore before and after the transaction, confirming no new issuance or buyback occurred during this period.

Regulatory compliance

The disclosure was filed by LIC’s Central Office Investment Department in Mumbai on October 12, 2026. The filing included detailed client IDs and DP IDs associated with the transaction, alongside the PAN number AAACL0582H. Copies of the disclosure were sent to both BSE Ltd and NSE Ltd, ensuring transparency for all market participants.

What the numbers show

The data reveals a steady divestment strategy rather than a sudden exit. By selling approximately 20.3 million shares over a roughly six-month window, LIC maintained a gradual reduction in exposure. The holding percentage dropped from just above the 9% threshold to just below the 7% mark, keeping LIC firmly within the category of substantial shareholders who must continue to report changes in their holdings under SEBI regulations.

Castrol India Limited will host a post-earnings conference call on Monday, October 26, 2026, from 12:30 pm to 1:15 pm IST. The session will cover the unaudited financial results for the third quarter and nine months ended September 30, 2026.

The company’s Board of Directors is scheduled to adopt these financial results in a meeting on Saturday, October 24, 2026. This disclosure is made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Conference Call Details

The management team, including Managing Director Saugata Basuray and Whole-time Director & Chief Financial Officer Mrinalini Srinivasan, will lead the discussion. The format includes a brief management overview followed by an interactive question-and-answer session.

Participant Access

Investors and analysts can join the call via the following international dial-in numbers:

• USA: 1866 746 2133
• UK: 0808 101 1573
• Singapore: 800 101 2045
• Hong Kong: 800 964 448

A direct access link for registration is available through the Chorus Call platform. Any presentation materials, if prepared, will be made available on the company’s website and shared with the exchanges.

Compliance and Disclosure

Castrol India stated that no unpublished price sensitive information is shared during earnings calls or meetings with analysts and institutional investors. The schedule remains subject to change due to unavoidable circumstances or exigencies.