SKFINDIA - SKF India

SKF India Limited has announced that Mr. Alagesan Thasari, Head of the Automotive Business and Senior Management Personnel, has resigned to pursue external career opportunities. His resignation became effective at the close of business hours on April 21, 2026, following a three-month notice period initiated in January 2026. The company has confirmed there are no other material reasons for his departure and has already started the process to identify a successor. This transition is significant as the automotive segment is a key vertical for SKF's operations in India.

• Mr. Alagesan Thasari resigned as Head of Automotive Business effective April 21, 2026.
• The resignation was originally tendered on January 22, 2026, allowing for a 3-month notice period.
• The company has officially initiated the process to appoint a successor for the senior role.
• Management stated there are no material reasons for the resignation other than career progression.

SKF India Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by the Registrar and Share Transfer Agent (RTA) MUFG Intime India Private Limited, confirms that all securities dematerialized or rematerialized during the quarter ended March 31, 2026, have been reported to the stock exchanges. This is a standard procedural filing required for all listed entities in India to ensure the integrity of electronic shareholding records.

• Compliance certificate submitted for the quarter ended March 31, 2026
• Issued by RTA MUFG Intime India Private Limited (formerly Link Intime India)
• Confirms reporting of dematerialization and rematerialization details to NSE and BSE
• Adherence to SEBI (Depositories and Participants) Regulations, 2018

SKF India Limited has announced the resignation of Mr. Alagesan Thasari, who served as the Head of the Automotive Business and was a member of the Senior Management Personnel. His resignation is effective from the close of business hours on April 21, 2026, as he moves to pursue opportunities outside the company. The company has confirmed that there are no other material reasons for his departure and has already initiated the process to identify a successor. Given the importance of the automotive segment to SKF's revenue, the transition will be a point of observation for the market.

• Mr. Alagesan Thasari resigned as Head of Automotive Business to pursue external career opportunities.
• The resignation becomes effective on April 21, 2026, following a three-month notice period.
• SKF India has officially initiated the search and appointment process for a new successor.
• The company explicitly stated there are no other material reasons for the resignation.

SKF India Limited has informed the exchanges that its promoter entity has changed its name from 'SKF Interim AB' to 'SKF Vertevo AB'. This change is part of a global rebranding initiative following the demerger of the group's Automotive and Industrial businesses. The company has explicitly stated that this is a name change only and does not involve any change in the promoter's shareholding or status. The disclosure was made voluntarily as a matter of good corporate governance.

• Promoter entity name changed from 'SKF Interim AB' to 'SKF Vertevo AB' effective March 25, 2026
• Change is part of a global restructuring and demerger of Automotive and Industrial business segments
• No change in the shareholding pattern or the status of the promoter entity in SKF India
• Voluntary disclosure made by the company despite the information not being strictly material under SEBI regulations

SKF India Limited has announced the closure of its trading window for all designated persons and their relatives starting April 1, 2026. This action is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations ahead of the financial results for the quarter and year ending March 31, 2026. The window will remain closed until 48 hours after the official declaration of the financial results. The company also confirmed that PANs of designated persons will be frozen at the security level during this period to ensure compliance.

• Trading window closure effective from Wednesday, April 1, 2026.
• Closure applies to Directors, Promoters, Key Managerial Personnel, and Designated Persons.
• Pertains to the financial results for the Fourth Quarter and Year ending March 31, 2026.
• Window to reopen 48 hours after the declaration of financial results.
• PAN of all Designated Persons will be frozen during the closure period as per SEBI framework.

SKF India Limited has announced the results of its postal ballot, where shareholders overwhelmingly approved the appointment of three Non-Executive, Non-Independent Directors. Mr. Antonio Molle, Mr. Bastian Thomas, and Mr. Magnus Lennart Prick were all appointed with favorability ratings exceeding 99.8%. The voting process saw significant participation, with approximately 82.72% of the total share capital represented in the poll. These appointments are effective as of March 17, 2026, ensuring board continuity for the company.

• Appointment of Mr. Antonio Molle approved with 99.82% of votes in favor.
• Appointment of Mr. Bastian Thomas approved with 99.83% of votes in favor.
• Appointment of Mr. Magnus Lennart Prick approved with 99.81% of votes in favor.
• Total voter turnout was high at 82.72%, representing 40,893,292 shares.
• Promoter group participation was 100%, while public institutional participation was approximately 88.53%.

SKF India Limited has issued a postal ballot notice to seek shareholder approval for the appointment of three Non-Executive, Non-Independent Directors: Mr. Antonio Molle, Mr. Bastian Thomas, and Mr. Magnus Lennart Prick. These individuals were previously appointed as Additional Directors by the Board and now require formal member approval via ordinary resolutions. The remote e-voting period is set to run from February 16, 2026, to March 17, 2026. This is a routine regulatory procedure to formalize board compositions in compliance with the Companies Act, 2013 and SEBI LODR regulations.

• Proposed appointment of 3 Non-Executive, Non-Independent Directors: Antonio Molle, Bastian Thomas, and Magnus Lennart Prick
• Remote e-voting period commences on February 16, 2026, and concludes on March 17, 2026
• The cut-off date for determining shareholder eligibility for voting was February 6, 2026
• All three appointments are proposed as Ordinary Resolutions through the postal ballot process
• Mr. Antonio Molle's appointment is effective from his initial board entry on January 13, 2026, subject to this approval

SKF India Limited has reported a violation of its Insider Trading Code by a Designated Person, Ms. Prajakta Kad. The individual executed a contra-trade by buying 1 share at Rs. 1,929.50 on December 5, 2025, and selling it at Rs. 1,779.10 on December 31, 2025. This transaction violated the mandatory six-month holding period required under SEBI regulations. The company's Audit Committee reviewed the incident on February 5, 2026, and subsequently issued a formal warning letter.

• Designated Person Ms. Prajakta Kad violated the Insider Trading Code via a contra-trade within a 6-month window.
• The transaction involved only 1 equity share purchased at Rs. 1,929.50 and sold at Rs. 1,779.10.
• The Audit Committee reviewed the matter on February 5, 2026, and recommended disciplinary action.
• The company issued a formal warning letter to the concerned individual on February 6, 2026.

SKF India Limited has announced the appointment of M/s Samdani & Co, Chartered Accountants, as the company's Tax and GST Auditors for the Financial Year 2025-26. The decision was finalized during the Board of Directors meeting held on February 5, 2026, following recommendations from the Audit Committee. This appointment is a mandatory compliance requirement under Section 44AB of the Income Tax Act, 1961. M/s Samdani & Co, established in 2016, will handle tax-related audit and litigation services for the firm.

• Appointment of M/s Samdani & Co (Firm Reg. no. 142734W) as Tax and GST Auditors.
• The appointment is specifically for the Financial Year 2025-26.
• Board approval was granted on February 5, 2026, based on Audit Committee recommendations.
• Compliance with Section 44AB of the Income Tax Act and SEBI LODR Regulation 30.

SKF India Limited has reported a violation of SEBI (Prohibition of Insider Trading) Regulations by a designated person, Ms. Prajakta Kad. The individual executed a contra-trade by selling one share within six months of its purchase in December 2025. Specifically, one share was bought at Rs. 1,929.50 and sold at Rs. 1,779.10. The company has issued a show-cause notice and will present the matter to the Audit Committee for further action.

• Violation of Regulation 9 of SEBI Insider Trading Regulations involving a prohibited contra-trade.
• The transaction involved only 1 equity share bought at Rs. 1,929.50 and sold at Rs. 1,779.10.
• Company issued a show-cause notice on January 8, 2026, and received a reply on January 12, 2026.
• The matter is slated for review by the Audit Committee for necessary further steps.
• This is the first identified instance of such a violation for the company in the current period.

Ms. Kerstin Enochsson has resigned from her position as a Non-Executive, Non-Independent Director of SKF India Limited, effective from the close of business on January 12, 2026. The resignation is attributed to her other professional commitments and pre-occupancies, with no other material reasons cited. She also steps down from her membership in various Board Committees. This follows a prior management change notification issued by the company on January 10, 2026.

• Resignation of Ms. Kerstin Enochsson (DIN: 10774889) as Non-Executive Director.
• Effective date of cessation is January 12, 2026.
• Resignation includes withdrawal from all Board Committees.
• Reason for departure cited as other professional occupancies and commitments.
• Follows a related management change announcement dated January 10, 2026.

Ms. Kerstin Enochsson has resigned from her position as a Non-Executive, Non-Independent Director of SKF India Limited. The resignation is effective from the close of business hours on January 12, 2026. She cited other professional commitments and preoccupations as the primary reason for her departure from the board and its committees. The company has confirmed that there are no other material reasons for this change in management.

• Resignation of Ms. Kerstin Enochsson (DIN: 10774889) as Non-Executive, Non-Independent Director.
• The resignation is effective from the closure of business hours on January 12, 2026.
• The director cited other occupancies and commitments as the sole reason for stepping down.
• The resignation includes her withdrawal from all Board Committees of SKF India Limited.

Ms. Kerstin Enochsson has resigned from her position as a Non-Executive, Non-Independent Director of SKF India Limited. The resignation is effective from the close of business hours on January 12, 2026. She cited other professional commitments and preoccupancies as the primary reason for her departure. The company has confirmed that there are no other material reasons for her resignation beyond those stated.

• Ms. Kerstin Enochsson (DIN: 10774889) resigned as Non-Executive, Non-Independent Director.
• The resignation is effective from the closure of business hours on January 12, 2026.
• Resignation includes cessation of membership in the Board and all associated Board Committees.
• The reason provided for the departure is other professional occupancies and commitments.