Castrol India Limited reappoints Mr. Siddharth Shetty as KMP

The Board of Directors of Castrol India Limited, at its meeting held on 26 April 2021, has re-appointed Mr. Siddharth Shetty, Managing Counsel as a Key Managerial Personnel of the Company for a period of 3 years with effect from 3 May 2021. Mr. Siddharth Shetty is not related to any Director of the Company.

Mr. Siddharth Shetty is designated as the Managing Counsel responsible for the legal and compliance matters of Castrol India Limited in the India Region.

Mr. Siddharth Shetty leads the legal and secretarial teams for the Castrol India Limited. He represents Castrol in India on all legal issues both internally and externally. He is a member of the Executive Leadership Team for the lubricants businesses in India, being responsible for developing and implementing legal strategy to identify and mitigate risks in existing business and prospective business opportunities, including creation of control mechanisms to limit and mitigate risk and exposure to the business, and ensuring adherence to policies and procedures.

Mr. Siddharth Shetty is an alumnus of the National Law School of India University, Bangalore. His experience over two decades in corporate roles, both in India and overseas, is diverse having worked on legal matters relating to various businesses including steel, power, construction, and oil & gas sectors. He worked for the Essar Group of companies in various roles for many years and then moved to BG Group, where he spent a decade in different roles, such as Lead Counsel for BG's upstream business in India, South East Asia & China and then as Director - Legal & Governance in BG's city gas distribution company in Ahmedabad, Gujarat Gas Company Limited.

Mr. Siddharth Shetty joined Castrol India Limited in December 2012.

Shares of CASTROL INDIA LTD. was last trading in BSE at Rs.125.25 as compared to the previous close of Rs. 121.45. The total number of shares traded during the day was 89909 in over 1035 trades.

The stock hit an intraday high of Rs. 127 and intraday low of 121.3. The net turnover during the day was Rs. 11141974.

Source : Equity Bulls

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