Timken India Limited Announces 37th Annual General Meeting via Video Conferencing

Mumbai, India, 16th July 2024 – Castrol India Limited has announced a significant change in its Board of Directors. Mr. Mayank Pandey, the Whole-time Director of the company, will relinquish his position effective from the close of business hours on 30th July 2024 to pursue another role within bp. Consequently, he will cease to be a Director of Castrol India Limited from the same date.

Details of the Announcement

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Castrol India Limited has informed both BSE Limited and the National Stock Exchange of India Limited regarding this change. Mr. Pandey was appointed as the Whole-time Director on 9th August 2021, and his term was originally set to expire on 8th August 2026.

Key Points of the Announcement:

• Relinquishment of Position: Mr. Mayank Pandey will step down as Whole-time Director to take on another role within bp.
• Effective Date: Close of business hours on 30th July 2024.
• Future Plans: The company is in the process of filling the resultant vacancy in line with its succession plan for Key Managerial Personnel and Senior Management Personnel. Details about Mr. Pandey’s successor will be communicated separately once the appointment is made.

Compliance and Regulations

This announcement is made in accordance with the requirements of Regulation 30 of the SEBI Listing Regulations and the SEBI Circular dated 13th July 2023. The company has enclosed the details as per the regulatory requirements, including Mr. Pandey’s letter of resignation.