Castrol India Limited , a leading lubricant manufacturer, has successfully concluded its postal ballot process, securing strong shareholder support for three crucial resolutions. The voting, conducted entirely through remote e-voting, took place from August 14 to September 12, 2025, demonstrating the company's commitment to modern corporate governance practices.

Key Appointments and Approvals

Appointment of Ms. Mrinalini Srinivasan as Director

• Shareholders approved the appointment with a resounding 99.02% of votes in favor.
• 2,655 members voted for the resolution, representing 70,51,50,235 equity shares.

Ms. Srinivasan's Appointment as Wholetime Director

• The resolution to appoint Ms. Srinivasan as Wholetime Director for a five-year term from July 28, 2025, to July 27, 2030, received even stronger support with 99.25% approval.
• 2,629 members cast their votes in favor, accounting for 70,68,29,512 equity shares.

Appointment of Secretarial Auditors

• The appointment of M/s. Parikh & Associates as Secretarial Auditors for five consecutive years garnered the highest approval rate at 99.90%.
• 2,670 members supported this resolution, representing 71,14,36,025 equity shares.

Voting Process and Participation

The e-voting process, conducted in compliance with the Companies Act, 2013, and SEBI regulations, saw active participation from shareholders:

• A total of 2,842 members participated in the voting for the first resolution.
• The voting period commenced on August 14, 2025, at 9:00 a.m. IST and concluded on September 12, 2025, at 5:00 p.m. IST.
• K.G. Saraf of Saraf and Associates, Company Secretaries, served as the scrutinizer, ensuring a fair and transparent voting process.

Implications for Castrol India

These approvals signify strong shareholder confidence in Castrol India's leadership choices and corporate governance practices. The appointment of Ms. Mrinalini Srinivasan as Wholetime Director for a five-year term suggests a long-term strategic move by the company, potentially bringing fresh perspectives to its executive team.

The overwhelming support for all resolutions, particularly the near-unanimous approval for the appointment of secretarial auditors, underscores the shareholders' trust in the company's commitment to regulatory compliance and transparency.

Castrol India Limited, known for its high-performance lubricants, continues to demonstrate its dedication to maintaining robust corporate governance standards, aligning with the expectations of its diverse shareholder base.

As the company moves forward with these new appointments and auditing arrangements, stakeholders will be keenly watching how these changes might influence Castrol India's strategic direction and operational efficiency in the coming years.

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.