Castrol India Limited , a leading lubricant manufacturer, has issued a postal ballot notice seeking shareholder approval for three significant corporate changes. The company aims to strengthen its leadership team and enhance its corporate governance practices through these proposed resolutions.

New CFO and Wholetime Director Appointment

The first two resolutions concern the appointment of Ms. Mrinalini Srinivasan as a Director and Wholetime Director of Castrol India. If approved, Ms. Srinivasan will serve a five-year term from July 28, 2025, to July 27, 2030.

Ms. Srinivasan brings over 17 years of experience from Procter & Gamble India, where she most recently served as the Chief Financial Officer for the Hygiene and Health business and as Group Controller. Her expertise spans:

• Strategic planning
• Business forecasting
• Compliance
• Commercial finance across various geographies, including Asia, the Middle East, and Africa

The proposed remuneration for Ms. Srinivasan is set within a scale of ₹3.53 crore to ₹5.52 crore annually. Additionally, she will receive a one-time joining bonus of ₹75 lakh, subject to a one-year claw-back provision.

Change in Secretarial Auditors

The third resolution proposes the appointment of M/s. Parikh & Associates as the company's Secretarial Auditors for five consecutive years, from FY 2025 to FY 2029. This change comes as part of Castrol India's commitment to rotate its auditors and ensure continued independence in its audit processes.

M/s. Parikh & Associates, established in 1987, is a peer-reviewed firm recognized by the Institute of Company Secretaries of India. The proposed remuneration for their services in FY 2025 is set at ₹3 lakh, excluding applicable taxes and out-of-pocket expenses.

Voting Process and Timeline

Castrol India has initiated an e-voting process for these resolutions, which will run from August 14 to September 12, 2025. Shareholders on record as of August 8, 2025, are eligible to participate in this voting process. The company expects to declare the results by September 16, 2025.

Key Dates:

These proposed changes reflect Castrol India's efforts to bolster its executive team and maintain robust corporate governance practices. The appointment of Ms. Srinivasan, with her extensive experience in finance and leadership roles, could potentially bring fresh perspectives to Castrol's financial strategies and operations. Meanwhile, the rotation of secretarial auditors aligns with best practices in corporate governance, ensuring independent oversight of the company's secretarial compliance.

Shareholders will play a crucial role in shaping these corporate decisions, and their votes in the coming weeks will determine the path forward for Castrol India Limited.

Castrol India Limited , a leading lubricant manufacturer, has revealed its comprehensive long-term growth strategy, aiming to strengthen its market position and drive sustainable growth across multiple sectors. The company's plan focuses on expanding into rural markets, enhancing its industrial lubricants business, and introducing eco-friendly fluids.

Rural Market Penetration

One of the key pillars of Castrol India's strategy is to tap into the vast potential of rural markets. The company has already made significant strides in this direction, as evidenced by the successful relaunch of its Castrol Activ brand. This move is expected to help Castrol India capture a larger share of the growing rural two-wheeler market, which now dominates the segment.

Industrial Lubricants Push

Castrol India is set to expand its industrial lubricants business, leveraging its wide range of products and localized solutions. The company's Chemical Management Services (CMS) offering is designed to take the hassle of lubrication management off manufacturers' minds, potentially leading to increased efficiency and cost savings for industrial clients.

Eco-Friendly Innovations

In line with the global shift towards sustainability, Castrol India plans to offer eco-friendly fluids. This initiative aligns with the company's commitment to innovation and its readiness to adapt to evolving market trends, including the rise of electric vehicles (EVs).

Strategic Partnerships and Digital Transformation

The growth strategy includes forming partnerships with equipment manufacturers to develop tailored products for evolving mobility platforms. Castrol India is also focusing on enhancing its services and auto care products while strengthening its digital distribution channels.

Financial Performance and Shareholder Returns

The company's strategic initiatives are already showing promising results. In the first half of 2025, Castrol India reported:

Castrol India has maintained a strong focus on shareholder wealth creation, with a 3-year average Return on Capital Employed (ROCE) of 56.30% and a 3-year average Return on Assets (ROA) of 26.00%.

Management's Perspective

Kedar Lele, Managing Director of Castrol India Limited, expressed optimism about the company's future, stating, "We're optimistic about what lies ahead. Industrial is a long-term growth area for us, and we've seen encouraging traction in the first half—new customers, stronger momentum, and more locally-made products. At the same time, our rural strategy is playing out well, and we'll keep strengthening it in the coming months."

As Castrol India implements its multi-faceted growth strategy, the company aims to boost sales volume, maintain profit margins, and continue delivering returns to shareholders. With its strong brand legacy and forward-looking approach, Castrol India appears well-positioned to navigate the changing landscape of the lubricants industry and capitalize on emerging opportunities in both rural and industrial sectors.