Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including circulars issued thereunder and other applicable provisions, if any ("SEBI LODR"), we wish to inform you that the Board of Directors of the Company at its meeting held today i.e. 30th September 2025 (commenced at 10:30 Hrs and concluded at 15:20 Hrs)
SKFINDIA · price
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SKF India's board met on 30th September 2025 and approved a major leadership overhaul linked to its demerger. Mr. Mukund Vasudevan resigned as Managing Director (he continues as Non-Executive Director), CFO Mr. Ashish Saraf and Company Secretary Mr. Ranjan Kumar also stepped down. Mr. Shailesh Kumar Sharma was appointed as new Managing Director for 5 years, Ms. Aashi Arora as Interim CFO, and Ms. Mayuri Kulkarni as Company Secretary. A new senior management team for the automotive business was also constituted. The board also noted the NCLT order dated 26th September 2025 sanctioning the Scheme of Arrangement between SKF India (Demerged Company) and SKF India (Industrial) Limited (Resulting Company). All changes are effective from 1st October 2025 and are subject to shareholder approval where applicable.
The restructuring marks the operational separation of SKF India's automotive business from its industrial business, with the new leadership team focused on the automotive entity. Shareholders should expect the demerger to reshape the company's structure and may see adjustments in shareholder entitlements once the scheme becomes effective, pending further record date and ratio disclosures.