Savita Oil Technologies Limited has announced the sad demise of Mr. Vishal Sood, Executive Director, who passed away on Tuesday, March 3, 2026. The company filed the mandatory regulatory disclosure under SEBI regulations on March 4, 2026.

Regulatory Disclosure Details

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was submitted to both BSE Limited and National Stock Exchange of India Limited as required under regulatory compliance.

Executive's Career Journey

Mr. Vishal Sood had a notable tenure with the company, beginning his association in June 2021 when he joined as President – Lube Division. His career progression within the organization culminated in his appointment as Executive Director with effect from August 27, 2024.

Regulatory Compliance Information

The company provided detailed information as required under SEBI regulations:

Company Response

All directors and employees of Savita Oil Technologies Limited have conveyed their deep sympathy, sorrow, and condolences to Mr. Sood's family during this difficult time. The disclosure was signed by Uday C. Rege, Company Secretary & Chief Legal Officer, who serves as the Compliance Officer for the company.

The company has ensured full compliance with regulatory requirements by providing all necessary details as mandated under SEBI circular guidelines dated January 30, 2026.

Savita Oil Technologies Limited has successfully commissioned Phase 2 of its Synthetic Ester manufacturing plant at its Mahad facility, marking a significant expansion in the company's production capabilities. The announcement was made through a regulatory filing on 28th February, 2026.

Plant Development Timeline

The latest commissioning represents the second phase of the company's Synthetic Ester manufacturing expansion at Mahad. Phase 1 of the Synthetic Ester Plant was previously commissioned at the same facility on 16th October, 2023, establishing the foundation for this advanced manufacturing capability.

Manufacturing Capabilities and Applications

The multipurpose plant has been designed with versatile manufacturing capabilities to serve multiple industrial segments. The primary focus is on Synthetic Esters for Transformer Fluid applications, addressing the growing demand in the electrical equipment sector.

Beyond transformer applications, the facility extends its capabilities to manufacture Synthetic Esters for high performance Automotive and Industrial Lubricants. This diversification positions the company to serve broader industrial markets with specialized lubricant solutions.

Electric Vehicle and Cooling Applications

The plant's capabilities align with emerging technology trends, particularly in the electric vehicle sector. Synthetic Esters produced at the facility will serve critical applications in the EV ecosystem and advanced cooling systems.

Key applications include:

• Electric Vehicle (EV) Coolants
• Immersion Cooling of batteries
• Data Center Cooling Fluids

These applications leverage the inherent properties of Synthetic Esters, specifically their high thermal stability and good dielectric properties, making them the preferred choice for advanced cooling and electrical applications.

Technical Advantages

The choice of Synthetic Esters for these applications is driven by their superior technical characteristics. The high thermal stability ensures reliable performance under extreme temperature conditions, while good dielectric properties make them suitable for electrical applications where insulation and heat dissipation are critical factors.

The commissioning of Phase 2 represents Savita Oil Technologies' continued investment in advanced manufacturing capabilities, positioning the company to meet growing demand across transformer, automotive, industrial lubricant, and emerging technology sectors.