SKF India (Industrial) Ltd

SKF India (Industrial) Limited announced that shareholders approved the appointment of Mr. Mukund Vasudevan (DIN: 05146681) as a Non-Executive, Non-Independent Director, effective September 1, 2026, following a Postal Ballot with results declared on October 15, 2026. The appointment follows a recommendation from the Nomination and Remuneration Committee and subsequent approval by the Board of Directors on August 11, 2026; Mr. Vasudevan resigned from his role as Managing Director of the company with effect from the close of business hours on August 31, 2026.

SKF India (Industrial) Limited announced that shareholders approved the change in designation of Mr. Sujeeth Pai (DIN: 07763929) from Whole Time Director to Managing Director for a term of five consecutive years, effective September 1, 2026, following a Postal Ballot whose results were declared on October 15, 2026.

SKF India (Industrial) Limited informed the National Stock Exchange of India Limited and BSE Limited that it received a certificate dated October 5, 2026, from Registrar and Share Transfer Agent MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, confirming that the company’s entire equity share capital is held in dematerialised form and no physical share-related activity was processed for the quarter ended September 30, 2026.

SKF India (Industrial) Limited will close its trading window for directors, promoters, key managerial personnel, designated persons, and their immediate relatives from October 1, 2026, until 48 hours after the announcement of financial results for the second quarter and half year ending September 30, 2026, in accordance with SEBI’s insider trading regulations.

SKF India (Industrial) Limited announced that Sujeeth Pai will transition from Whole-Time Director to Managing Director, effective September 1, 2026, subject to shareholder approval. The change replaces Mukund Vasudevan, who resigned due to an internal role change within SKF Group. Pai's appointment is for a period of five years and he is not related to any other directors or key managerial personnel of the company.

SKF India (Industrial) Limited announced that Mukund Vasudevan has been appointed as a Non-Executive, Non-Independent Director with effect from September 1, 2026, subject to shareholder approval, following his resignation from the position of Managing Director, effective August 31, 2026. Vasudevan holds a Bachelor of Technology from the Indian Institute of Technology (IIT), Mumbai, and an MBA in Finance and Strategy from the University of Chicago, and brings over 25 years of experience in P&L management, strategy development, sales, and M&A.

SKF India (Industrial) Limited will hold a board meeting on Tuesday, August 11, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026, and to consider a potential interim dividend payment to shareholders of record as of August 17, 2026.

SKF India (Industrial) announced that the 2nd Annual General Meeting(AGM) of the company will be held on 13 August 2026.

However, revenue from operations jumped 31.23% year-on-year to Rs 945.72 crore for the quarter ended 31 March 2026. Profit before tax for the fourth quarter of FY26 stood at Rs 89.97 crore, registering a 45.27% decline from Rs 164.39 crore in Q4 FY25. Total expenses increased 53.50% year-on-year to Rs 873.22 crore in Q4 FY26. During the quarter, the cost of materials consumed stood at Rs 162.25 crore (down 63.36% YoY), while employee benefit expenses rose 25.77% year-on-year to Rs 57.14 crore. The company's board has recommended a final dividend of Rs 10 per equity share for the financial year ended March 31, 2026, subject to shareholders' approval at the ensuing Annual General Meeting (AGM). The record date for determining eligible shareholders has been fixed as July 3, 2026. The dividend, if approved, will be paid on or before September 11, 2026. SKF India Industrial is in the business of manufacturing and dealing in products, solutions, and services related to rolling bearings, seals, mechatronics, and lubrication systems. Powered by Capital Market - Live

SKF India (Industrial) announced that the Board of Directors of the Company at its meeting held on 12 May 2026, inter alia, have recommended the final dividend of Rs 10 per equity Share (i.e. 100%) , subject to the approval of the shareholders.