Pursuant to Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI LODR ) read with Schedule III, we wish to inform you that based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors has approved the appointment of Ms. Manasa Nagaraju, Head of IT & Digitalization as part of Senior Management Team.
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SKF India (Industrial) Limited has announced the appointment of Ms. Manasa Nagaraju as Head of IT & Digitalization, effective 15th April 2026. The appointment was recommended by the Nomination and Remuneration Committee and approved by the Board of Directors. Ms. Nagaraju has 18 years of experience as a digital and technology executive with expertise in enterprise transformation across manufacturing, aviation, and public-sector environments. She oversees key digital portfolios including cloud delivery, sustainability digitalization, and enterprise data strategy at SKF. She holds an MTech from The National Institute of Engineering, Mysore and is pursuing a PhD in Machine Learning and Artificial Intelligence. Importantly, she is NOT appointed as a Director but as Senior Management Personnel.
This appointment strengthens SKF's digital and technology leadership, which could support the company's modernization initiatives. However, since this is a Senior Management Personnel role rather than a Key Managerial Personnel or Director position, the impact on shareholders and stock price is likely minimal.