Castrol India Limited has informed the Exchange regarding Appointment of Mr. Saugata Basuray as Managing Director of the company w.e.f. June 01, 2026.
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Castrol India Limited's Board has approved the appointment of Mr. Saugata Basuray as Managing Director effective June 1, 2026, for a term of 5 years. The appointment is based on the recommendation of the Nomination and Remuneration Committee and is subject to shareholder and other statutory approvals. Mr. Basuray currently serves as Whole-time Director and Interim CEO, having joined the company as a Management Trainee in 1999. With over 26 years of experience across sales, marketing, and business leadership in India and abroad, he has held roles including Head of B2C Business and Managing Director of Castrol's Indonesia joint venture. He is not related to any Director or Key Managerial Personnel of the company.
This internal promotion ensures leadership continuity and provides stability for Castrol India's strategic direction, as the company transitions from an interim to a permanent leadership structure.