SKF India Limited has informed the Exchange that Board of Directors at its meeting held on May 13, 2026, recommended Final Dividend of Rs. 40 per equity share.
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SKF India Limited reported Q4 and FY2026 results showing standalone revenue from operations of Rs. 21,295.9 million. Total comprehensive income for the year was Rs. 2,646.8 million (vs Rs. 5,578 million in prior year, affected by demerger of Industrial Undertaking). The Board recommended a final dividend of Rs. 40 per equity share (400% on Rs. 10 face value), totaling Rs. 1,977.6 million payout if approved at the 65th AGM scheduled for August 14, 2026. Key management changes include Ms. Aashi Arora resigning as Interim CFO (May 14, 2026) with Mr. Mayank Holani appointed as new CFO. The demerger of the Industrial Undertaking into SKF India (Industrial) Limited was completed during the year.
The Rs. 40 dividend represents a substantial shareholder reward pending AGM approval. The year-over-year decline in profits partly reflects the demerger impact. Investors should note the record date of July 3, 2026 for dividend entitlement and the CFO transition.