Pursuant to Clause 15(b)(iii) of Schedule III, Part A, Para A read with Regulation 30 (2), Regulation 30 (6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended from time to time) ( SEBI LODR ), please find enclosed herewith transcript of NCLT convened meeting of Equity shareholders held on Monday, 14th July 2025 via VC/OAVM at 11:30 AM IST The same will be available shortly on the website of the company for the convenience of the shareholders at the below-mentioned link: https://www.skf.com/in/investors/shareholder-information.
SKFINDIA · price
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SKF India Limited has filed the transcript of an NCLT-convened meeting of equity shareholders held on 14th July 2025 via video conferencing. The meeting was called to seek shareholder approval for a scheme of arrangement to demerge the industrial business from SKF India Limited into a new entity, SKF India (Industrial) Limited, under Sections 230-232 of the Companies Act, 2013. Under the scheme, shareholders will receive 1 equity share of the resulting company for every 1 share held in SKF India, and the new entity will also be listed on BSE and NSE. The swap ratio was certified by PwC Business Consulting Services as the registered valuer, with Saffron Capital Advisers providing a fairness opinion. Management indicated the demerger process is targeted for completion by Q4 FY2025, pending NCLT approval expected in September-October 2025.
If the scheme receives the required shareholder and NCLT approvals, existing SKF India shareholders will end up holding shares in two separate listed companies, each focused on automotive and industrial segments respectively. The demerger is aimed at creating two focused, more profitable entities, but adds structural complexity. The voting results from this meeting are awaited and will be declared within two working days.