CASTROLIND : STONEPEAK-BACKED ACQUIRER COMPLETES BUY OF CASTROL INDIA PROMOTER

• Motion JVCo Limited, part of Stonepeak Infrastructure Fund V, closed the SPA with bp on October 30, 2026 • Acquirer acquired 100% equity share capital of Castrol Group Holdings, which holds 100% of Castrol Limited • Castrol Limited is promoter of Castrol India and holds 50,44,52,416 shares, or 51.00% of equity capital • Acquirer thereby gets indirect sole control of Castrol India and right to direct voting on the 51% promoter stake • BP Motion Holdings, an indirect wholly owned bp subsidiary, was allotted 35% of the Acquirer's equity, a non-controlling interest • No deal value disclosed in the filing Impact: Neutral (promoter-level ownership change with no stated consideration; operating control of Castrol India passes indirectly to a Stonepeak entity)

Castrol India Ltd

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