With reference to our intimation dated 02nd October 2025 informing the Stock Exchange(s) about the Record Date for the purpose of determining the shareholders of the SKF India Limited ( the Company ) entitled to receive equity shares of SKF India (Industrial) Limited ( SKF Industrial or Resulting Company ) pursuant to the Scheme, we wish to inform you that the Resulting Company, through its letter dated 17th October 2025 (enclosed as Annexure A), has informed us the following:a) the Board of Directors of the Resulting Company today i.e., 17th October 2025, has approved the allotment of 4,94,37,963 (Four Crores Ninety Four Lakhs Thirty Seven Thousand Nine Hundred and Sixty Three) fully paid-up equity shares of face value of ₹ 10/- (Rupees Ten) each of the Resulting Company to the equity shareholders of the Company holding shares as on the Record Date i.e., 15th October 2025, pursuant to the Scheme; andb) noted the cancellation and reduction of the entire pre-Scheme paid-up share capital of the Resulting Company comprising of 10,000 (Ten Thousand) fully paid-up equity shares of the Resulting Company of face value of ₹ 10/- (Rupees Ten) each, which were entirely held by the Company.The Resulting Company will make necessary application(s) for the purpose of listing of its equity shares on the BSE Limited and National Stock Exchange of India Limited (collectively referred to as Stock Exchanges). Such equity shares will remain frozen till the time listing / trading permission is granted to the Resulting Company by the Stock Exchanges.
SKFINDIA · price
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SKF India has informed that its Resulting Company, SKF India (Industrial) Limited, has allotted 4,94,37,963 fully paid-up equity shares of face value Rs. 10 each to the shareholders of SKF India who held shares as on the Record Date of 15th October 2025, pursuant to the Scheme of Arrangement. The entire pre-Scheme paid-up share capital of the Resulting Company (10,000 equity shares held entirely by SKF India) has been cancelled and reduced. The Resulting Company will now apply to BSE and NSE for listing of its equity shares, which will remain frozen until trading permission is granted by the Stock Exchanges.
Existing shareholders of SKF India will receive shares of the newly listed SKF India (Industrial) Limited in addition to their existing SKF India holdings. The shares of the new entity will be non-tradeable until listing approval is received from the exchanges, so investors should not expect immediate liquidity for the new shares.