SKF India Limited has informed the Exchange regarding Cessation of Mr Mukund Vasudevan as Managing Director & CEO of the company w.e.f. September 30, 2025.
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Mr Mukund Vasudevan has resigned as Managing Director and CEO of SKF India Limited, effective September 30, 2025. He also stepped down as a member of board committees. In his resignation letter dated September 26, 2025, he cited restructuring of management following the demerger of the company as the reason. He confirmed there is no other material reason behind his exit. The company has been informed via this letter, and formalities with the Registrar of Companies and regulators are to be completed.
This is a senior leadership transition directly tied to the ongoing demerger of SKF India, which is a significant corporate restructuring event. Shareholders should watch for announcement of a new MD & CEO and details of how the demerger reshapes the company's leadership and structure. Leadership changes during a demerger can bring short-term uncertainty but are part of the restructuring process.