Pursuant to the Order dated June 04, 2025, ( Order ) passed by the Hon ble National Company Law Tribunal, Mumbai Bench ( Tribunal / NCLT ) in the Company Scheme Application No. C.A.(CAA)/130(MB)2025 ( Order ) and in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular no. SEBI/HO/CFD/POD-2/P/ CIR/2023/93 dated June 20, 2023, please find enclosed copies of the newspaper advertisement published today i.e., June 09, 2025 in Financial Express (All India Editions), Business Standard (Pune Edition) Economic Times & Mint in English Language and Loksatta (Pune Edition) in Marathi Edition. The advertisement pertains to the notice of the meeting of equity shareholders of the Company 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 S
SKFINDIA · price
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SKF India Limited has published a newspaper advertisement (on June 9, 2025) regarding a meeting of its equity shareholders ordered by the NCLT Mumbai Bench on June 4, 2025. The meeting is scheduled for Monday, July 14, 2025 at 11:30 a.m. IST via video conferencing to consider and approve a Scheme of Arrangement between SKF India Limited (Demerged Company) and SKF India (Industrial) Limited (Resulting Company) and their respective shareholders and creditors, under Sections 230–232 of the Companies Act, 2013. Remote e-voting will be open from July 10, 2025 (9:00 a.m.) to July 13, 2025 (5:00 p.m.) through NSDL, with a cut-off date of July 7, 2025. Mr. Kuldeep Kumar Kareer (Retd. Judicial Member, NCLT) will chair the meeting and Mr. Keval Mahendra Shah will serve as scrutinizer. This is a key step toward a proposed demerger/restructuring where part of SKF India's business will be transferred to a new entity.
Shareholders of SKF India need to participate in the e-voting or meeting to approve the demerger scheme, which could reshape the company's structure. The outcome may affect the stock's valuation depending on the terms of the demerger, including share entitlement in the resulting entity. Approval is also subject to subsequent NCLT and regulatory clearances.