Castrol India Limited announces second interim dividend for FY 2019; Recalls final dividend for FY 2019

Rajan mishra
17 June 2020 

Mumbai:- The Board of Directors of Castrol India Limited, at a meeting held today, declared a second interim dividend of INR 3/- per equity share for the financial year ended 31 December 2019. Simultaneously, the Board recalled the earlier recommended final dividend of INR 3/- per equity share for the same period (2018: final dividend INR 2.75/- per equity share).
The delay of the 42nd Annual General Meeting of the Company from April to July due to the national lockdown on account of the Covid-19 pandemic has impacted many shareholders, small and institutional.
The Board took this decision to pay an interim dividend during these unprecedented times to help release payment earlier to the shareholders.     
“Castrol India has always valued the enduring relationship it has with its investors. These are extraordinary times which require organizations to take extraordinary measures in order to support various stakeholders,” said Mr. R Gopalakrishnan, Chairman of Board of Directors after the meeting.  

This second interim dividend, is in addition to the previously declared interim dividend of INR 2.50/- per equity share (2018: interim dividend INR 2.25/- per equity share) for the financial year 2019. 

something about Castrol India

Castrol, is one of the world’s leading lubricant brands and has a proud heritage of innovation and fuelling the dreams of pioneers. Castrol India Limited is one of India’s leading lubricants company and has established itself as a pioneer and innovator in the Indian lubricants industry. Its iconic brands such as Castrol CRB, Castrol GTX, and in more recent times power brands like Castrol Activ, Castrol MAGNATEC and Castrol VECTON, are used by millions of consumers and customers across the country. The company also has a presence in select segments like High Performance Lubricants and metalworking fluids in industries as varied as automotive manufacturing to mining to machinery and wind & energy.
Castrol India has a large manufacturing and distribution network in India with three manufacturing plants and a distribution network of 350 distributors who sell to consumers and customers through over 100,000 retail outlets. Castrol sub-distributors also reach additional outlets in rural markets whilst Castrol India also directly services over 3,000 key institutional accounts.
Besides providing world class products and services, Castrol India is focused on safety, compliance and quality as its number one priority.
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