Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI LODR ), we hereby wish to inform that pursuant to the Order dated June 04, 2025, ( Order ) the Hon ble National Company Law Tribunal, Mumbai Bench ( Tribunal / NCLT ) in the Company Scheme Application No. C.A.(CAA)/130(MB)2025 ( Order ), Meeting of the equity shareholders ( Meeting ) of SKF India Limited ( Company or the Demerged Company ) is scheduled to be held on Monday, July 14, 2025 at 11:30 a.m. (IST) through Video Conferencing / Other Audio Visual Means ( VC / OAVM ) to consider and if thought fit, to approve, with or without modification(s), the Scheme of Arrangement ( Scheme ) between and amongst the SKF India Limited ( Company or the Demerged Company ) and SKF India (Industrial) Limited ( Resulting Company ) and their respective shareholders and creditors under sections 230 to 232 and other applicable provisions of the Companies Act, 2013 ( Act ).
SKFINDIA · price
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SKF India has sent out the notice for a shareholder meeting ordered by the NCLT Mumbai Bench on June 4, 2025, to vote on a proposed demerger scheme. Under the scheme, an undertaking of SKF India (the Demerged Company) will be transferred to a newly formed entity called SKF India (Industrial) Limited (the Resulting Company), with both companies sharing common shareholders. The shareholder meeting is scheduled for July 14, 2025 at 11:30 a.m. (IST) via video conferencing, with remote e-voting open from July 10 to July 13, 2025 (cut-off date July 7, 2025). Approval requires three-fourths majority by value of shares voted. The scheme has already received no-objection letters from both BSE and NSE dated March 28, 2025, and the share entitlement ratio was determined by PwC (report dated December 24, 2024) with a fairness opinion from Saffron Capital Advisors.
This is a formal step in a pre-announced internal demerger; the scheme still requires shareholder approval at the July 14 meeting and then final NCLT sanction before becoming effective. Shareholders should review the share entitlement ratio and the explanatory statement, as the swap ratio will determine their eventual ownership in the resulting entity.