We wish to inform that pursuant to NCLT order dated 4th June 2025, meeting of equity shareholders of the Company is scheduled to be held on Monday, 14th July 2025 at 11:30 am IST through VC/OAVM
Awaiting price reaction for this filing.
SKF India Limited has called a meeting of equity shareholders on Monday, July 14, 2025 at 11:30 a.m. IST via video conferencing, as directed by the NCLT Mumbai Bench via its order dated June 4, 2025 in Company Scheme Application No. C.A.(CAA)/130(MB)2025. The shareholders will consider and approve a Scheme of Arrangement between SKF India Limited (Demerged Company) and SKF India (Industrial) Limited (Resulting Company) under Sections 230-232 of the Companies Act, 2013. A share entitlement ratio report has been issued by PwC Business Consulting Services LLP dated December 24, 2024, and a fairness opinion by Saffron Capital Advisors dated December 25, 2024. Both BSE and NSE have issued no-objection / no-adverse-observation letters dated March 28, 2025. The cut-off date for e-voting eligibility is July 7, 2025, with remote e-voting open from July 10 to July 13, 2025.
Shareholders need to vote on a proposed demerger that will separate part of SKF India's business into a new entity, SKF India (Industrial) Limited. Approval requires three-fourths majority by value of shares voted; if passed, it still needs NCLT and other regulatory sanctions before becoming effective, which could materially affect the stock and shareholding structure.