In continuation to our intimation dated 05th May 2026 and pursuant to SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that Board of Directors of the Company at their meeting held today i.e. 12th May, 2026 commenced at 4:00 pm (IST) and concluded at 8:45 pm (IST), has, inter-alia, considered, discussed and approved the following :
SKFINDUS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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SKF India (Industrial) Limited, formed via demerger from SKF India Limited (effective October 1, 2025), reported annual revenue of INR 34,403.6 million and profit after tax of INR 2,176.7 million for FY ended March 2026. The company received an unmodified (clean) audit opinion from Deloitte Haskins & Sells LLP. The Board recommended a final dividend of Rs. 10 per share (100%), totaling INR 494.4 million, payable by September 11, 2026. Exceptional items of INR 1,961.0 million were recorded, primarily comprising demerger expenses (INR 1,926.1 million) and impact of new labour codes (INR 34.9 million). Total assets grew to INR 26,745.0 million from INR 19,147.3 million, reflecting the demerger impact.
The clean audit opinion and recommendation of 100% dividend payout signal financial health. The large exceptional items from demerger are non-recurring; shareholders should note that prior period figures are not directly comparable as the company was incorporated in December 2024.