We are pleased to inform you that the Hon ble National Company Law Tribunal, Mumbai Bench ( Hon ble NCLT ) has passed today, i.e., on September 26, 2025, an Order ( Order ) sanctioning the Scheme of Arrangement between SKF India Limited and SKF India (Industrial) Limited and their respective shareholders and creditors. The Order sanctioning the Scheme was uploaded on the website of the Hon ble NCLT and is enclosed herewith as Annexure - A. A certified copy of the Order is awaited.
SKFINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The National Company Law Tribunal (NCLT), Mumbai Bench has passed an order on September 26, 2025 sanctioning the Scheme of Arrangement between SKF India Limited and its wholly-owned subsidiary SKF India (Industrial) Limited. The scheme provides for the demerger of SKF India's Industrial Business (covering rolling bearings, seals, mechatronics, and lubrication systems for industrial sectors) into the newly formed Resulting Company on a going-concern basis. Under the scheme, shareholders of SKF India will receive 1 equity share of the Resulting Company (face value Rs. 10) for every 1 share held in SKF India. The new entity (SKF India Industrial) will also get listed on BSE and NSE, mirroring the shareholding pattern of SKF India. The Appointed Date equals the Effective Date, which will be mutually decided by both boards. All pre-scheme shares of the Resulting Company held by SKF India will be cancelled as part of the arrangement. NCLT noted no objections from BSE, NSE, RBI, or the Income Tax Department.
Existing shareholders of SKF India will automatically receive an equal number of shares in the newly listed SKF India (Industrial) Limited, giving them exposure to two separately listed entities focused on automotive and industrial businesses. The separation is expected to unlock long-term shareholder value by allowing each business to pursue independent strategies, capital allocation, and attract distinct investor bases, though short-term stock movements may depend on the effective date announcement and initial trading of the new entity.