Announced Thu, 23 Jul · 17:47 IST
Postal ballot for Saugata Basuray as Managing Director appointment
Management Changes View source PDF
CASTROLIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.6%1-day move
₹185.25
prior close
₹186.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1-0.2-0.5-0.5-0.6—————————
Up moveDown movePending
AI summary
Castrol India seeks shareholder approval to appoint Mr. Saugata Basuray as Managing Director for 5 years effective 1 June 2026 to 31 May 2031. He has been with the company since 1999 and currently serves as Interim CEO since January 2026 after the previous MD resigned. Total gross pay scale: INR 7.2 to 12.5 crore per annum. E-voting 24 July to 22 August 2026.
Likely market impact
Internal promotion to permanent MD provides leadership continuity. Outcome likely a formality given promoter bp holding.