SKF India Limited has informed the Exchange regarding Cessation of Mr Ashish Saraf as Chief Financial Officer of the company w.e.f. September 30, 2025.
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SKF India Limited has informed the stock exchanges that Mr. Ashish Saraf has resigned as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the company with effect from the close of business hours on September 30, 2025. The reason cited for the resignation is restructuring in the management pursuant to the demerger of the company. The Board of Directors noted the resignation at its meeting held on the same day. The resignation letter, dated September 26, 2025, was addressed to the Managing Director and confirmed there are no other material reasons for the exit beyond the demerger-related restructuring.
This CFO exit is part of an internal restructuring linked to the company's demerger process rather than any governance or performance concern. Investors should watch for further announcements on the demerger scheme and the appointment of a new CFO, as leadership transitions during corporate restructuring can create short-term uncertainty but are common in such events.