Pursuant to the Code of Conduct for Prevention of Insider Trading ( Code ) as adopted by SKF India Limited (the Company ), the Company has informed to the exchange vide intimation letter dated 15th January 2026, that one of the Designated Person of our Company, Ms. Prajakta Kad had traded in the equity shares of the Company in the month of December and also had executed a contra-trade within the period of 6 months from the date of initial trade, thereby violating the Code of Conduct.Further, the matter was placed before the Audit Committee at its meeting held on 05th February 2026 and as per the recommendations of the Audit Committee it was decided to issue a warning letter, accordingly, a warning letter was issued on 06th February 2026
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SKF India informed the exchange that one of its designated persons, Ms. Prajakta Kad, violated the company's Code of Conduct for Prevention of Insider Trading. She traded in the company's equity shares in December and also executed a contra-trade within the mandatory 6-month cooling period. The Audit Committee reviewed the matter at its meeting on 5 February 2026 and recommended issuing a warning letter. A formal warning letter was issued to her on 6 February 2026. The violation appears to be a procedural breach rather than a SEBI-level enforcement action, as the company handled it internally.
This is a minor internal compliance matter with no financial penalty or SEBI action. It is unlikely to have any material impact on the stock price or shareholder value, though it highlights that the company takes its insider trading policy seriously and actively monitors designated persons' trades.