Compliance Letter w.r.t. Observation Letter dated March 28, 2025 issued by National Stock Exchange of India Limited ( NSE ) in the matter of Scheme of Arrangement between SKF India Limited ( SKF India or Demerged Company or Company ) and SKF India (Industrial) Limited ( SKF Industrial or Resulting Company ) and their respective shareholders and creditors ( Scheme ).Please find attached the Compliance Letter with respect to Observation Letter dated March 28, 2025 issued by NSE in the matter of Scheme of Arrangement between SKF India Limited and SKF India (Industrial) Limited and their respective shareholders and creditors, attached herewith as Annexure 1, for your kind consideration.
SKFINDIA · price
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Awaiting price reaction for this filing.
SKF India Limited has submitted a compliance letter to NSE responding to the observation letter dated March 28, 2025, regarding its proposed Scheme of Arrangement. Under the scheme, SKF India (the Demerged Company) will transfer part of its business to SKF India (Industrial) Limited (the Resulting Company), with the arrangement involving their respective shareholders and creditors. The filing is part of the regulatory process required before the scheme can be taken up by the NCLT for approval. No specific share entitlement ratio has been disclosed in this particular filing.
This is a procedural compliance step in the ongoing demerger process. It signals continued progress toward the proposed restructuring, but no immediate impact on share price or shareholder value until the scheme receives final NCLT and other approvals and the demerger ratio is confirmed.