Pursuant to Regulation 47 of SEBI (LODR) Regulation, 2015 we are attaching the newspaper publication for Notice convening meeting of the equity shareholders of SKF India Limited pursuant ....
Awaiting price reaction for this filing.
SKF India Limited has published a newspaper advertisement (in Financial Express, Business Standard, Economic Times, Mint, and Loksatta) on June 9, 2025, notifying equity shareholders of an NCLT-convened meeting to vote on a proposed Scheme of Arrangement (demerger) between SKF India Limited and SKF India (Industrial) Limited under Sections 230-232 of the Companies Act, 2013. The NCLT Mumbai Bench issued the order to convene this meeting on June 4, 2025 (Application C.A.(CAA)/130(MB)/2025). The shareholders meeting is scheduled for Monday, July 14, 2025 at 11:30 a.m. via video conferencing, with remote e-voting open from July 10 to July 13, 2025. Cut-off date for voting eligibility is July 7, 2025. NCLT has appointed a retired judicial member as Chairperson and a Chartered Accountant as Scrutinizer for the meeting.
Equity shareholders of SKF India now have a clear timeline to vote on the proposed demerger that will split the company into two entities — SKF India Limited (Demerged Company) and SKF India (Industrial) Limited (Resulting Company). Shareholders should review the scheme document and cast their vote via remote e-voting (July 10-13) or at the July 14 meeting, as the outcome will reshape the company's structure and could affect share valuation.