Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI LODR ) read with clause 7 of Para A of Part A of Schedule III and other applicable provisions of SEBI LODR and the SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024 and company s policy on Determination of materiality of events for disclosure to the stock exchanges, we wish to inform you that based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors vide a circular resolution dated 10th January 2026 appointment of Mr. Magnus Lennart Prick (DIN: 11342653), Mr. Bastian Thomas (DIN: 11414682) and Mr. Antonio Molle (DIN: 11400478) as an Additional Director (Non-Executive, Non-Independent) on the Board of the company w.e.f. 13th January 2026. And resignation of Ms. Kerstin Enochsson (DIN: 10774889), Mr. Karl Robin Joakim Landholm (DIN: 09651911) and Mr. Mukund Vasudevan (DIN: 05146681) as Director (Non-Executive, Non-Independent) of the Company.
SKFINDIA · price
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SKF India has announced a board refresh via circular resolution dated 10 January 2026. Three new Non-Executive, Non-Independent Directors — Mr. Magnus Lennart Prick, Mr. Bastian Thomas, and Mr. Antonio Molle — will join the board effective 13 January 2026, subject to shareholder approval within 3 months. All three are senior executives from the SKF Group (parent AB SKF): Prick heads Automotive Corporate Legal, Thomas heads Sales for Americas/EMEA/India, and Molle is Global Operations Director for Automotive. Simultaneously, three existing Non-Executive, Non-Independent Directors — Ms. Kerstin Enochsson, Mr. Karl Robin Joakim Landholm, and Mr. Mukund Vasudevan — resigned effective close of business on 12 January 2026, citing other pre-occupations and commitments. The changes appear to be a routine parent-company (SKF Group) board refresh, with no impact on independent directors or key managerial personnel.
This is a routine board reshuffle at the parent-nominee level, with the number of directors unchanged. Since the new appointees are all from the SKF Group and the outgoing directors were also parent nominees, the move is unlikely to materially affect strategy, governance, or stock price. Shareholders will need to approve the appointments within 3 months.