Castrol India Limited has informed the Exchange regarding Board meeting held on Jun 10, 2025.
CASTROLIND · price
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Castrol India's board approved the appointment of Mr. Vishal Thakkar as Interim Chief Financial Officer effective 12 June 2025, to serve until a permanent CFO is appointed. Mr. Thakkar is a Chartered Accountant with 28 years of experience and currently heads finance for Castrol's global supply chain, procurement, technology and global marketing since 2019. He is an internal candidate, having joined Castrol India in 1999. The board also noted the resignation of Mr. Rohit Talwar, Vice President & Head – Marketing, effective close of business on 8 August 2025, who is leaving to pursue opportunities outside the company. Mr. Talwar's exit was categorised by the company as a senior managerial personnel position.
The Interim CFO appointment is an internal move with deep company familiarity, which should help maintain continuity, but the 'interim' tag introduces short-term uncertainty until a permanent CFO is named. The marketing head's departure is a senior-level exit, not a board/KMP role, and is unlikely to materially affect the stock on its own.