With reference to the captioned subject, we would like to inform you that the Company has, on 04th June 2025 received order of Hon ble NCLT, dated 04th June 2025 ( Order ), directing the Company to convene the meeting of its equity shareholders for approving the Scheme of Arrangement between SKF India Limited and SKF India (Industrial) Limited and their respective shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013. The details of the meetings, to be convened and held as per the directions of the Hon ble NCLT, will be notified in due course.
SKFINDIA · price
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SKF India has received an NCLT order dated 4 June 2025 directing it to convene a meeting of equity shareholders to approve a Scheme of Arrangement for the demerger of its Industrial Business into SKF India (Industrial) Limited, a wholly owned subsidiary. Under the scheme, each shareholder of SKF India will receive 1 equity share of INR 10 in the resulting company for every 1 share held in SKF India (a 1:1 swap ratio). The rationale is to separate the Automotive and Industrial businesses for sharper strategic focus, better capital allocation, and to unlock shareholder value. BSE and NSE had already given no-objection letters on 28 March 2025, and the Board approved the scheme on 26 December 2024. The shareholder meeting must be held within 60 days via video conferencing.
If approved, SKF India shareholders will end up holding shares in two listed entities — one focused on automotive, the other on industrial bearings. The 1:1 swap means no change in share count initially, but value will be split across two businesses. Shareholders should participate in the e-voting, as the outcome will reshape the company's structure and potentially its valuation.