Schaeffler India has appointed Christophe Hannequin and Chetan Kumar Maini as Additional Directors to its Board, effective July 1, 2026. The appointments were made via a circular resolution passed by the Board on June 26, 2026, following recommendations from the Nomination and Remuneration Committee. These moves are subject to shareholder approval, which the company will seek through a postal ballot process.

Christophe Hannequin has been appointed as a Non-Executive Non-Independent Director and is liable to retire by rotation. He currently serves as the Chief Financial Officer (CFO) of the Schaeffler Group, a position he has held since joining the group in January 2025. Hannequin brings extensive experience from his previous roles as Group CFO at JCB Group and various management positions at Michelin.

Chetan Kumar Maini joins the Board as a Non-Executive Independent Director for a term of five years, concluding on June 30, 2031. He is not liable to retire by rotation. Maini is recognized as a pioneer in India's electric mobility ecosystem and currently serves on the Board of various Maini Group of Companies across India, Mauritius, and Singapore.

The following table summarizes the key details of the appointments:

The Board has approved a notice of postal ballot to secure shareholder consent for these appointments. The resolution to appoint Hannequin will be an Ordinary Resolution, while the appointment of Maini will require a Special Resolution. Both appointments are contingent upon approval within three months from the date of appointment or at the ensuing Annual General Meeting, whichever is earlier.

The company confirmed that neither appointee has any inter-se relationships with other directors and that neither is debarred from holding the directorship by SEBI or any other regulatory authority. Ashish Tiwari, VP - Legal & Company Secretary, signed the regulatory filing on June 26, 2026.

A notable block trade was recorded on the National Stock Exchange (NSE) for schaeffler india , with the transaction valued at ₹28.08 crores. The deal involved approximately 63,899 shares changing hands at a price of ₹4395.20 per share, reflecting significant institutional-level participation in the counter.

Block Trade Details

The following table summarizes the key parameters of the block trade executed on the NSE:

Block trades are large-volume transactions typically executed outside the regular order book to minimize market impact. Such trades are generally associated with institutional investors, mutual funds, or other large market participants executing significant positions in a single transaction.