Castrol India Limited — Others, 11-07-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Castrol India has announced a board meeting on the financial results for the quarter and half-year. The company resolved a long-standing tax dispute with the Maharashtra Sales Tax Department involving demand orders of INR 4131 Crores related to goods movement from its Maharashtra plants to other states. The Customs Excise & Service Tax Appellate Tribunal (CESTAT) ruled in favor of Castrol, rejecting the department’s appeals for nine years of the disputed period. No financial provision was made as the company considered the outflow unlikely, supported by favorable legal precedents. This outcome removes significant uncertainty for shareholders.