We wish to inform you that the Board of Directors of the Company at its meeting held today, i.e. on February 03, 2026, has approved the setting up of a new plant/unit/factory at Pune, Maharashtra. Disclosure required pursuant to Regulation 30 of SEBI LODR read with the SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, with regards to setting up of a new plant/unit/factory (Project) at Pune, Maharashtra is given herein under as Annexure A.
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Awaiting price reaction for this filing.
SKF India's Board of Directors, at its meeting on February 3, 2026, approved setting up a new manufacturing plant in Pune, Maharashtra. The company has disclosed this under SEBI's Listing Obligations and Disclosure Requirements (LODR) regulations. This marks an expansion of the company's manufacturing footprint in India. The company has not yet disclosed the investment amount, capacity details, or expected timeline for the project.
This is a positive long-term signal showing the company's commitment to capacity expansion, which could support future revenue growth. However, without disclosed capex figures or timelines, the immediate impact on stock price may be limited until further details emerge.