SKF India Limited has informed the Exchange regarding Cessation of Mr Mukund Vasudevan as Managing Director & CEO of the company w.e.f. September 30, 2025.
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SKF India Limited has informed the stock exchanges that Mr. Mukund Vasudevan (DIN: 05146681) has resigned as Managing Director and CEO of the company, effective from the close of business hours on September 30, 2025. The reason cited is restructuring in management pursuant to the demerger of the company. His resignation letter, dated September 26, 2025, confirms there are no other material reasons for the exit. The disclosure has been made under SEBI LODR Regulation 30, and the announcement was signed by Ranjan Kumar, Company Secretary & Compliance Officer.
This is a significant leadership change tied to an ongoing demerger at SKF India. Shareholders should watch for further announcements about the demerger scheme details and the appointment of a new Managing Director & CEO, as leadership transitions during corporate restructuring can create short-term uncertainty.