Schaeffler India Limited announced on July 3, 2026, that its manufacturing plants in Maneja and Savli have secured the first BIS (Bureau of Indian Standards) license for Cylindrical Roller Bearings (CRB) in the Indian bearing industry. This certification was granted under a new Indian Standard, marking a significant development for the company and the sector. Additionally, both plants received BIS licenses for Deep Groove Ball Bearings (DGBB).

The certifications underscore the company's adherence to quality standards and manufacturing excellence. By securing these licenses, schaeffler india aims to strengthen customer confidence in its locally manufactured bearing solutions and support India's evolving quality framework.

Harsha Kadam, Managing Director and Chief Executive Officer of Schaeffler India Limited, stated that the milestone reflects the company's commitment to quality, operational excellence, and customer trust. He highlighted that being the first to secure the BIS license for Cylindrical Roller Bearings under the new standard demonstrates readiness to meet regulatory and industry requirements.

Manufacturing and Certifications

The following table details the certifications awarded to the company's facilities:

Schaeffler India operates five manufacturing plants in India, including the facilities in Talegaon, Savli, Maneja, Hosur, and Shoolagiri. The company serves as a technology partner for customers across industrial and automotive sectors.

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.