Castrol India Limited has informed the Exchange regarding Outcome of Board Meeting held on Thursday, 28 May 2026 Appointment of Managing Director.
CASTROLIND · price
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Castrol India Limited's Board of Directors meeting on 28 May 2026 approved the appointment of Mr. Saugata Basuray as Managing Director, effective 1 June 2026 for a 5-year term until 31 May 2031. Basuray, who currently serves as Whole time Director and Interim Chief Executive Officer, has been with the company since 1999 and has over 26 years of experience across sales, marketing, and business leadership. His appointment is subject to shareholder and other statutory approvals. The Board meeting lasted just 15 minutes.
This appointment formalises the leadership transition at Castrol, moving Basuray from interim to permanent Managing Director. The appointment of an internal candidate with extensive company experience suggests continuity in strategic direction.