The Board of Directors of Castrol India Limited, at its meeting held on 23 October 2019, has appointed Mr. Sandeep Sangwan as an Additional Director and the Managing Director for a period of five years with effect from 1 January 2020, subject to necessary statutory approvals. In the interim, Mr. Sangwan will closely work with Mr. Omer Dormen for a smooth transition when he assumes office of Managing Director on 1 January 2020. In accordance with a letter received from Castrol Limited, U.K., Mr. Mark Josceline will cease to be a Nominee Director on the Board of Castrol India Limited with effect from the close of business hours on 6 December 2019.