Castrol India Limited has informed the Exchange regarding Cessation of Mr. Saugata Basuray as Interim CEO of the company w.e.f. May 31, 2026.
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The Board of Castrol India Limited has appointed Mr. Saugata Basuray as Managing Director effective June 1, 2026 for a term of 5 years. He was previously serving as Whole-time Director and Interim Chief Executive Officer. The appointment is subject to shareholder and other statutory approvals. Mr. Basuray joined Castrol India in 1999 as a Management Trainee and has over 26 years of experience across sales, marketing, and business leadership roles in India and abroad. He has held positions including Head of Marketing, Managing Director of Castrol Philippines, and Managing Director of Castrol's joint venture in Indonesia before becoming Interim CEO.
This represents a formalization of leadership rather than a departure — Mr. Basuray transitions from interim to permanent Managing Director status. Shareholders can expect stability as an experienced internal candidate takes the helm for a 5-year term.