CASTROLIND
Castrol India Limited
NSE BSELast Traded Price
₹190.65
-0.91 (-0.48%)
Open
₹191.52
High
₹192.5
Low
₹189.71
Prev Close
₹191.56
Industry
Lubricants
Market Cap
18823.00 Cr
Filing History
Recent corporate announcements and filings for CASTROLIND
Ownership
Neutral
2026-11-06 12:23
- Motion JVCo Limited, along with persons acting in concert (PACs), has issued a detailed public statement for an open offer to acquire up to 25,71,71,820 fully paid-up equity shares (26% of equity share capital) of Castrol India Limited.
- The offer price is set at INR 199.45 per equity share, payable in cash, resulting in a maximum consideration of INR 5,129.29 crore for full acceptance.
- The open offer is triggered by the indirect acquisition of sole control over the target company's promoter, Castrol Limited, by the acquirer pursuant to an underlying transaction consummated on October 30, 2026.
- The tendering period for the open offer is scheduled from December 24, 2026, to January 7, 2027.
Governance
Negative
2026-11-04 15:17
CRITICAL RED FLAG DETECTED
- Mr. Jyoti Prakash has resigned as Vice President & Head – Supply Chain (Senior Management Personnel) of Castrol India Limited.
- He will cease to hold office effective from the close of business hours on 14 January 2027 to pursue opportunities outside the organization.
Governance
Negative
2026-11-04 15:10
CRITICAL RED FLAG DETECTED
- Resignation of Mr. Jyoti Prakash as Vice President & Head – Supply Chain of Castrol India Limited.
- He is leaving to pursue opportunities outside the organization.
- He will cease to hold office effective from the close of business hours on 14 January 2027.
Ownership
Neutral
2026-11-02 16:21
- BP p.l.c. has disposed of an indirect holding of 50,44,52,416 equity shares (51.00%) of Castrol India Limited.
- The transaction was completed on October 30, 2026, via an indirect transfer of equity shares and control to Motion JVCo Limited ("Acquirer") pursuant to a sale and purchase agreement.
- Post-transaction, BP p.l.c.'s shareholding in Castrol India Limited is reduced to Nil (0%).
Ownership
Neutral
2026-11-02 16:16
- Motion JVCo Limited acquired sole control over Castrol India Limited through an indirect acquisition of 51.00% stake (50,44,52,416 equity shares) held by Castrol Limited, following completion of the underlying transaction on October 30, 2026.
- The acquirer has become a promoter of Castrol India Limited pursuant to this transaction.
Ownership
Neutral
2026-11-02 13:45
- Motion JVCo Limited (Stonepeak entity) completed the acquisition of 100% equity share capital of Castrol Group Holdings Limited on October 30, 2026.
- The acquirer has indirectly acquired sole control of Castrol Limited and Castrol India Limited (51% promoter shareholding).
- BP Motion Holdings Limited has been issued a 35% non-controlling interest in the Acquirer.
Ownership
Neutral
2026-11-02 13:42
- Completion of acquisition by Motion JVCo Limited (Stonepeak entity) of 100% equity share capital of Castrol Group Holdings Limited, indirect parent of Castrol Limited (promoter of Castrol India Limited).
- Acquirer has indirectly acquired sole control of Castrol Limited and Castrol India Limited, along with 51% voting rights.
- BP Motion Holdings Limited has been issued and allotted 35% equity shares in the Acquirer, retaining a non-controlling interest.
Governance
Neutral
2026-11-02 13:38
- Motion JVCo Limited (Stonepeak entity) completed the acquisition of 100% equity share capital of Castrol Group Holdings Limited on October 30, 2026.
- The transaction results in the indirect acquisition of sole control over Castrol Limited, the promoter holding 51% stake in Castrol India Limited.
- BP Motion Holdings Limited holds a 35% non-controlling interest in the Acquirer entity.
Ownership
Neutral
2026-11-02 13:38
- Motion JVCo Limited (an entity of Stonepeak) completed the acquisition of 100% equity share capital of Castrol Group Holdings Limited on October 30, 2026.
- Consequently, the Acquirer has indirectly acquired sole control of Castrol Limited, the promoter holding 51% stake in Castrol India Limited.
- BP Motion Holdings Limited has been issued 35% equity shares in the Acquirer, resulting in a non-controlling interest.
Business Update
Neutral
2026-10-29 17:31
Current scenario
- Third quarter revenue grew 27% YoY to INR 1,735 crores, supported by early pricing actions.
- Net profit for the quarter declined 23% YoY to INR 176 crores due to a sharp rise in raw material costs and adverse currency movements.
- For the 9-month period, revenue rose 20% to INR 5,151 crores, EBITDA is up 11% to INR 1,086 crores, and PAT is up 9% to INR 766 crores.
- Industrial business continued double-digit volume growth, adding nearly 400 net customers.
Management Guidance & Outlook
- Operating environment expected to remain volatile and inflationary in the short to medium term; near-term volume may remain soft.
- EBITDA margin is expected to stay out of the historical 21%-24% range in the short term due to extreme raw material volatility, but the company aims to return to this band in the long term.
- Focus remains on protecting margin per liter through agile pricing and continuous cost discipline.
Business Update
Neutral
2026-10-29 17:23
Current scenario:
- Revenue for 3Q FY 2026 was ₹1,735 crores, up 27% YoY, while net profit declined 23% YoY due to a sharp rise in raw material costs and adverse currency movements.
- For the 9-month period, revenue grew 20% to ₹5,151 crores, EBITDA rose 11% to ₹1,086 crores, and PAT increased 9% to ₹766 crores.
Changes in trends:
- Extreme raw material cost volatility and high double-digit commodity inflation flowed through the P&L during the quarter.
- Pricing actions taken earlier helped moderate the impact, keeping unit margins per liter steady.
Management Guidance & Outlook:
- Operating environment is expected to remain volatile and inflationary in the short to medium term.
- Management has withdrawn the short-term EBITDA margin guidance range of 21%-24% due to unprecedented raw material volatility, but aims to return to this band in the long term.
- Volume growth target remains at 1.5x to 2x the broader market growth rate.
Growth Drivers & Initiatives:
- Industrial business continues to deliver double-digit volume growth with strong new customer additions.
- Expanding distribution reach to approximately 167,000 outlets, including 46,000 in rural small-town India.
- Thermal management products for data centers recently received NVIDIA certifications.
Business Update
Neutral
2026-10-26 16:38
- Castrol India has made available the audio recording of its post-earnings call for 3Q FY 2026.
- The conference call was held on Monday, 26 October 2026, from 12:30 p.m. to 1:15 p.m. IST.
- The recording is accessible on the company's official website under the investor section.
Business Update
Neutral
2026-10-26 16:26
- Castrol India uploaded the audio recording of its post-earnings call for Q3 FY 2026 held on 26 October 2026.
- The call pertained to unaudited financial results for the quarter and nine months ended 30 September 2026.
- Recording is accessible on the company's website under investor details.
Financials
Neutral
2026-10-24 15:47
Q3 CY26 Standalone Revenue ₹1,735Cr vs ₹1,363Cr (▲27% YoY)
EBITDA ₹262Cr vs ₹323Cr (▼19% YoY)
PAT ₹176Cr vs ₹228Cr (▼23% YoY)
EBITDA Margin 15.1% vs 23.7% (▼858bps)
Financials
Neutral
2026-10-24 15:43
Q3 CY26 Revenue ₹1,735Cr vs ₹1,363Cr (▲27% YoY)
EBITDA ₹262Cr vs ₹323Cr (▼19% YoY)
PAT ₹176Cr vs ₹228Cr (▼23% YoY)
EBITDA Margin 15.1% vs 23.7% (▼858bps)
Board approved appointment of Price Waterhouse Chartered Accountants LLP as Statutory Auditors for a 5-year term from 2027 AGM due to mandatory rotation of Deloitte Haskins & Sells LLP.
Financials
Neutral
2026-10-24 15:42
Q3 CY26 Revenue ₹1,734.72Cr vs ₹1,362.75Cr (▲27% YoY)
EBITDA ₹262.04Cr vs ₹321.80Cr (▼19% YoY)
PAT ₹176.37Cr vs ₹227.80Cr (▼23% YoY)
EBITDA Margin 15.11% vs 23.61% (▼850bps)
Financials
Neutral
2026-10-24 15:41
Q3 FY26 Revenue ₹1,735Cr vs ₹1,363Cr (▲27% YoY)
EBITDA ₹262Cr vs ₹322Cr (▼19% YoY)
PAT ₹176Cr vs ₹228Cr (▼23% YoY)
EBITDA Margin 15.1% vs 23.6% (▼850bps)
Financials
Neutral
2026-10-24 15:37
Q3 CY26 Standalone Revenue ₹1,735Cr vs ₹1,363Cr (▲27% YoY)
EBITDA ₹262Cr vs ₹323Cr (▼19% YoY)
PAT ₹176Cr vs ₹228Cr (▼23% YoY)
EBITDA Margin 15.1% vs 23.7% (▼858bps)
Ownership
Neutral
2026-10-12 15:05
- Life Insurance Corporation of India (LIC) disclosed a change in its shareholding in Castrol India Ltd under Regulation 29(2) of SEBI (SAST) Regulations, 2011.
- LIC sold 2,02,98,761 equity shares (2.052% stake) through market sale between April 30, 2026, and October 9, 2026.
- LIC's shareholding decreased from 9.051% (8,95,29,217 shares) to 6.999% (6,92,30,456 shares) of the total voting capital.
Governance
Neutral
2026-10-07 19:17
- Board Meeting scheduled for Saturday, 24 October 2026.
- Agenda includes considering and approving unaudited financial results for the quarter and nine months ended 30 September 2026.
- Trading window remains closed until 27 October 2026.
Business Update
Neutral
2026-10-07 19:08
Concall Schedule
Concall Date: 26 October 2026
Concall Time: 12:30 p.m. to 1:15 p.m. IST
Business Update
Neutral
2026-10-07 19:07
Concall Schedule
Concall Date: 26 October 2026
Concall Time: 12:30 p.m. to 1:15 p.m. IST
Business Update
Positive
2026-10-01 10:42
- Castrol India launched its first 'Ujjwal Kal' skilling centre in Kolkata in association with Smile Foundation.
- The centre aims to equip youth aged 18-28 from disadvantaged communities with industry-relevant skills such as digital technologies, AI, retail, and beauty & wellness.
- The initiative includes placement assistance, targeting 50-55% employment, with a strong focus on empowering young women.
Business Update
Positive
2026-10-01 10:40
- Castrol India launched its first 'Ujjwal Kal' skilling centre in Kolkata in association with Smile Foundation.
- The centre aims to equip youth aged 18-28 with skills in digital technologies, AI, retail, and beauty & wellness.
- The flagship CSR programme focuses on youth upskilling, women empowerment, and sustainable livelihoods.
Routine
Neutral
2026-09-24 15:59
- Trading window closed for Designated Persons and Insiders effective from 30 September 2026.
- Closure will remain until two trading days after the declaration of unaudited financial results for the quarter ending 30 September 2026.
- Date of the Board Meeting will be announced in due course.
Business Update
Neutral
2026-09-11 16:52
- Investor Meet Schedule
- Concall Date: Tuesday, 22 September 2026
- Concall Time: 9:30 am IST onwards
Business Update
Neutral
2026-09-11 16:41
- Investor Meet Schedule
- Event Name: Anand Rathi G-200 Summit 2026 Bharat - The Next Engine of Global Growth
- Meet Date: 22 September 2026
- Meet Time: 9:30 am IST onwards
- Mode: In person
Business Update
Neutral
2026-08-25 09:50
- Castrol India Limited has made an updated presentation available on the Company's website.
- The presentation can be accessed via the provided link: https://www.castrol.com/en_in/india/home/investors/intimation-to-share-holders.html.
Business Update
Neutral
2026-08-25 09:50
- Castrol India Limited has made an updated presentation available on the Company's website for shareholders and investors. The presentation can be accessed via the provided link.
Governance
Positive
2026-08-24 18:46
- Castrol India Limited announced the voting results for the appointment of Mr. Saugata Basuray as Managing Director for a 5-year term from June 1, 2026. The resolution was passed with requisite majority, securing 99.7455% of votes in favor.
Governance
Positive
2026-08-24 18:37
- Voting results announced for the appointment of Mr. Saugata Basuray as Managing Director for 5 years effective June 1, 2026.
- The ordinary resolution was passed with requisite majority.
- 99.75% of votes polled were in favour of the resolution.
Business Update
Positive
2026-08-10 15:10
- Q2 FY26 Revenue from operations at INR1,871 crores (25% up year-on-year).
- Q2 FY26 EBITDA at INR494 crores (41% up year-on-year), with an EBITDA margin of approximately 26%.
- Q2 FY26 Profit after tax at INR348 crores (43% up year-on-year).
- 1H FY26 Revenue at INR3,417 crores (17% up year-on-year), EBITDA at INR823 crores (25% up year-on-year) with a 24% margin, and PAT at INR590 crores (24% up year-on-year).
- Interim dividend of INR6.25 per share declared, payable by September 2, 2026.
- Management expects the impact of commodity and feedstock inflation to be more visible in Q3, but aims to maintain an EBITDA margin of 21% to 24%.
- Cautious outlook for the rest of the year due to higher inflationary pressures, uneven monsoon, and commodity volatility.
- Business achieved broad-based growth across consumer, industrial, and institutional segments, driven by disciplined execution and portfolio premiumization.
- Expanded auto care range to 40,000 outlets and strengthened service ecosystem with 34,000 independent motorcycle workshops, 16,000 car workshops, and 850 Castrol-branded auto service points.
- Introduced new premium synthetic lubricant variants in Castrol Activ and GTX series, and advanced industrial localization.
- Industrial business contributes approximately 15% of overall business and is growing faster.
- Annual Capex plans are around INR100 crores.
- Most passenger car brands are compliant with E20 fuel requirements.
- A loss of ~INR66 crores in Other Comprehensive Income (OCI) is due to the revaluation of investment in Ki Mobility, which is an accounting fluctuation.
Business Update
Positive
2026-08-10 15:07
- Q2 FY26 Consolidated Revenue ₹1,871 Cr (▲25% YoY).
- Q2 FY26 Consolidated EBITDA ₹494 Cr (▲41% YoY).
- Q2 FY26 Consolidated PAT ₹348 Cr (▲43% YoY).
- EBITDA margin for Q2 FY26 was approximately 26%, exceeding the company's long-term guidance of 21-24%.
- Declared an interim dividend of ₹6.25 per share, payable by September 2, 2026.
- Management anticipates commodity and feedstock inflation to be more visible in Q3 FY26, remaining cautious due to higher inflationary pressures and market volatility.
- Company implemented two price increases in late Q1 and Q2 to offset raw material costs and is prepared for further pricing actions, while also focusing on structural cost management and operational efficiency.
- Focus on broad-based volume growth across consumer, industrial, and institutional segments, aiming to grow ahead of the 3-4% lubricant industry growth.
- Industrial (B2B) business contributes approximately 15% of total revenue and is growing at high double digits.
- Continued investment in expanding distribution reach, auto care range, and service networks, particularly in rural markets.
- Introducing new fully synthetic products and specialized coolants; building capabilities for EV fluids and exploring data center thermal cooling solutions, though not yet a material part of the business.
- Annual Capex expected to be around ₹100 crores for manufacturing and market presence.
Business Update
Neutral
2026-08-05 16:49
- Recording of the Post Earnings Call for 2Q FY 2026, held on 5 August 2026 to discuss unaudited financial results for the quarter ended 30 June 2026, is now available on Castrol India Limited's website.
Business Update
Neutral
2026-08-05 16:48
- Recording of the Post Earnings Call for 2Q FY 2026 (quarter and half year ended June 30, 2026) is now available on the company's website.
- The call was held on August 5, 2026.
Financials
Positive
2026-08-04 15:50
- Unaudited financial results for Q2 2026 (YoY):
- Revenue from Operations ₹1,871 Cr vs ₹1,497 Cr (▲25% YoY)
- EBITDA ₹494 Cr vs ₹350 Cr (▲41% YoY)
- PAT ₹348 Cr vs ₹244 Cr (▲43% YoY)
- EBITDA Margin 26.40% vs 23.38% (▲302bps)
- Interim Dividend of INR 6.25 per equity share declared.
Financials
Positive
2026-08-04 15:46
- Consolidated Revenue ₹1,871 Cr vs ₹1,497 Cr (▲25% YoY)
- EBITDA ₹494 Cr vs ₹350 Cr (▲41% YoY)
- PAT ₹348 Cr vs ₹244 Cr (▲43% YoY)
- EBITDA Margin 26.4% vs 23.4% (▲300bps)
- Board declared an interim dividend of ₹6.25 per equity share.
Financials
Positive
2026-08-04 15:45
- Consolidated Revenue ₹1,871Cr vs ₹1,497Cr (▲25% YoY)
- EBITDA ₹494Cr vs ₹350Cr (▲41% YoY)
- PAT ₹348Cr vs ₹244Cr (▲43% YoY)
- EBITDA Margin 26.41% vs 23.35% (▲306bps)
- Board declared an interim dividend of ₹6.25 per equity share.
Financials
Positive
2026-08-04 15:44
- Consolidated Revenue ₹1,871Cr vs ₹1,497Cr (▲25% YoY)
- EBITDA ₹494Cr vs ₹350Cr (▲41% YoY)
- PAT ₹348Cr vs ₹244Cr (▲43% YoY)
- EBITDA Margin 26.40% vs 23.38% (▲302bps)
- Interim dividend of INR 6.25 per equity share declared, to be paid within 30 days from 4 August 2026.
Financials
Positive
2026-08-04 15:40
- Consolidated Revenue ₹1,871Cr vs ₹1,497Cr (▲25% YoY)
- EBITDA ₹494Cr vs ₹350Cr (▲41% YoY)
- PAT ₹348Cr vs ₹244Cr (▲43% YoY)
- EBITDA Margin 26.4% vs 23.4% (▲300bps)
- Interim Dividend of ₹6.25 per equity share declared for the financial year ending 31 December 2026, with record date as 11 August 2026.
Financials
Positive
2026-08-04 15:34
- Consolidated Revenue ₹1,871 Cr vs ₹1,497 Cr (▲25% YoY)
- EBITDA ₹494 Cr vs ₹350 Cr (▲41% YoY)
- PAT ₹348 Cr vs ₹244 Cr (▲43% YoY)
- EBITDA Margin 26.4% vs 23.4% (▲300 bps)
- Board declared an interim dividend of ₹6.25 per equity share.
Financials
Positive
2026-08-04 15:33
- Consolidated Revenue ₹1,871Cr vs ₹1,497Cr (▲25.0% YoY)
- EBITDA ₹494Cr vs ₹350Cr (▲41.1% YoY)
- PAT ₹348Cr vs ₹244Cr (▲42.6% YoY)
- EBITDA Margin 26.4% vs 23.4% (▲302bps)
- Board approved an interim dividend of ₹6.25 per equity share, with the record date set for August 11, 2026.
Governance
Positive
2026-07-23 17:53
- Castrol India Limited seeks shareholder approval via Postal Ballot for Mr. Saugata Basuray's appointment as Managing Director for a 5-year term, effective June 1, 2026.
- E-voting opens July 24, 2026, and closes August 22, 2026; results will be declared by August 25, 2026.
- His proposed total gross annual remuneration ranges from INR 7.2 Cr to INR 12.5 Cr.
Business Update
Neutral
2026-07-15 17:22
- Concall Schedule
- Concall Date: 5 August 2026
- Concall Time: 12:15 p.m. IST to 1:00 p.m. IST
Governance
Neutral
2026-07-15 13:44
- Board Meeting on August 4, 2026
- To approve unaudited financial results for Q1 & H1 ended June 30, 2026
- To consider declaration of interim dividend for FY 2026
- Trading window closed from June 30 to August 6, 2026
Business Update
Positive
2026-06-29 11:26
- Castrol India Limited and Tata Motors signed an MoU to launch a pilot program for a used oil circularity ecosystem.
- The program will establish a traceable system for collecting and recycling used engine oil from Tata Motors' service network in Karnataka, advancing sustainability.
Routine
Neutral
2026-06-29 11:14
- Trading window for Designated Persons and Insiders closed from June 30, 2026.
- It will remain closed until 48 hours after the declaration of unaudited financial results for the quarter ended June 30, 2026.
Governance
Neutral
2026-06-25 18:32
- Castrol India Limited informed exchanges about updated details of Key Managerial Personnel (KMPs) authorized for determining materiality of events and making disclosures.
- The Chief Financial Officer (CFO) and, in absence, the Managing Director are authorized KMPs for this purpose.
Business Update
Positive
2026-06-18 12:41
- Castrol India Limited launched a new 'Bike Smooth, Toh Life Smooth' campaign on June 18, 2026.
- The campaign promotes the Castrol Activ Full Synthetic range, offering 20% enhanced protection for smoother riding experiences.
Business Update
Neutral
2026-06-08 17:33
- Concall Schedule
- Concall Date: 12 June 2026
- Concall Time: 12:00 p.m. IST onwards
Governance
Positive
2026-05-28 15:14
The Board of Directors of Castrol India Limited, at its meeting on May 28, 2026, approved the appointment of Mr. Saugata Basuray, currently Whole time Director & Interim Chief Executive Officer, as the Managing Director of the Company. His appointment is effective from June 1, 2026, for a term of five consecutive years. Mr. Basuray has over 26 years of experience within Castrol India and internationally, and his appointment is subject to shareholder approval.
Governance
Positive
2026-05-28 15:09
Castrol India Limited's Board of Directors, at its meeting on May 28, 2026, approved the appointment of Mr. Saugata Basuray as the Managing Director of the Company. Mr. Basuray, currently the Whole time Director & Interim Chief Executive Officer, will assume the new role with effect from June 1, 2026, for a term of 5 consecutive years. His appointment formalizes the leadership, leveraging his extensive experience within the company.
Business Update
Neutral
2026-05-25 12:23
Castrol India Limited announced its management will attend the 360 ONE Capital (B&K) 16th Annual Investor Conference - Trinity India 2026 on May 29, 2026, from 10:00 a.m. IST in Mumbai. The event is an in-person group meet with investors, and no unpublished price sensitive information will be shared.
Governance
Neutral
2026-05-20 10:24
Castrol India Limited announced the appointment of Mr. Anoop Jindal as Vice President, B2B Sales-OEM & South Asia, effective June 1, 2026. Mr. Jindal previously served as Vice President & Head-Customer Excellence & Operations and will cease from that role on May 31, 2026. His former position will be filled separately. This appointment addresses a previous intimation regarding the cessation of office for a Vice President, B2B Sales.
Routine
Neutral
2026-05-05 11:19
New Filing detected. See link for details.
Business Update
Positive
2026-05-04 18:00
Castrol India Limited's 1Q FY26 earnings call highlighted continued strong performance with the 12th consecutive quarter of stable revenue and volume growth. Management aims to maintain structural margins in the medium to long term, supported by calibrated pricing actions and cost controls. The rural, premium brands, and industrial segments all achieved double-digit growth, with rural volumes consistently growing in double digits for several years. The company is strategically expanding distribution into rural India and focusing on premium products and EV partnerships (Ather Energy, Tata Mobility). While acknowledging macro uncertainties, geopolitical developments, and raw material cost pressures, management expressed confidence in navigating an inflationary environment and expects one-time operating costs to reduce in future quarters.
Business Update
Neutral
2026-04-29 16:01
Castrol India Limited announced that the recording of its post-earnings call with analysts/investors for discussing the unaudited financial results for the quarter ended March 31, 2026, is now available on the company's website. The call was held on April 29, 2026.
Financials
Negative
2026-04-29 15:16
Revenue from Operations ₹12.01 Cr vs ₹11.99 Cr (▲0.2% YoY), Profit before exceptional item and tax (PBT) ₹3.23 Cr vs ₹3.55 Cr (▼8.9% YoY), PAT ₹2.42 Cr vs ₹2.68 Cr (▼9.5% YoY). PBT Margin 26.9% vs 29.6% (▼267bps).
Financials
Positive
2026-04-28 13:21
Revenue ₹1,545.24Cr vs ₹1,422.00Cr (▲8.66% YoY), EBITDA ₹329.31Cr vs ₹307.36Cr (▲7.14% YoY), PAT ₹242.18Cr vs ₹233.46Cr (▲3.73% YoY). EBITDA Margin 21.31% vs 21.61% (▼30bps).
Financials
Positive
2026-04-28 13:14
Consolidated Revenue ₹1,545Cr vs ₹1,422Cr (▲9% YoY), EBITDA ₹329Cr vs ₹307Cr (▲7% YoY), PAT ₹242Cr vs ₹233Cr (▲4% YoY). EBITDA Margin 21.29% vs 21.59% (▼30bps).
Governance
Neutral
2026-04-27 15:49
Mr. Rajeev Govil, Vice President, B2B Sales, will cease to be Senior Management Personnel of Castrol India Limited due to retirement, effective April 30, 2026. The company is in the process of filling the vacancy.