Outcome of AGM

• Security Code: 500870
• Company: CASTROLIND

Castrol India Ltd has informed BSE that the members at the 33rd Annual General Meeting (AGM) of the Company held on June 27, 2011, inter alia, have accorded to the following:

1. Adopted the Audited Balance Sheet & Profit and Loss Account for the year ended December 31, 2010 and the Reports of the Directors’ and Auditors’.

2. Declared a Final Dividend at the rate of Rs. 8/- per share on 24,72,80,596 fully paid-up Equity Shares of Rs.10/- each of the Company for the year ended December 31, 2010.

3. Re-appointed Mr. R. Gopalakrishnan & Mr. S. Malekar as Director of the Company and his period of office shall be liable to determination by retirement of Directors by rotation.

4. Appointed S. R. Batliboi & Co. Chartered Accountants, as Auditors of the Company, to hold office from the conclusion of this Meeting until the conclusion of the next Annual General Meeting.

5. Not to fill the vacancy caused by the resignation of Mr. Amish P. Mehta, a Wholetime Director of the Company.

6. Approved the re-appointment of Mr. Amish P. Mehta as a Wholetime Director of the Company designated as Director - Finance for a period of 5 years from July 19, 2010 at the remuneration and the terms and conditions.

7. Re-appointed Mr. Sujit Vaidya as a Director of the Company and his period of office will be liable to determination by retir4ment of Directors by rotation.

8. Approved the appointment of Mr. Sujit Vaidya as a Wholetime Director of the Company designated as Director - Finance for a period of 5 years with effect from November 16, 2010 to November 15, 2015 upon the terms and conditions and remuneration.

9. To pay a commission to the Directors (other than the Managing and Wholetime Directors and Nominated Directors but including Alternate Directors) with effect from January 01, 2012 in respect of each financial year of the Company (as defined under Section 2(17) of the Companies Act, 1956) for five financial years ending December 31, 2016, (to be divided amongst them in such manner as the Board of Directors may from time to time determine and in default of such determination equally) of such amount as may be determined by the Board of Directors, but not exceeding an amount equal to 1% of the net profits the Company computed in the manner prescribed Section 198(1) of the Companies Act, 1956.