SKF India (Industrial) Limited Appoints M/s Joshi Apte & Associates as Cost Auditors for FY 2026-27

SKF India (Industrial) Limited has announced the appointment of M/s Joshi Apte & Associates, Cost Accountants (Firm Reg. No. 000240) as Cost Auditors of the company for the Financial Year 2026-27. The Board of Directors approved this appointment at their meeting held on 12th May 2026, acting on the recommendation of the Audit Committee. The appointment has been made pursuant to Section 148 of the Companies Act, 2013, read with the Companies (Cost Records and Audit) Rules, 2014, and other applicable provisions.

Appointment Details

The disclosure was made in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024. The key details of the appointment are outlined below:

Parameter:	Details
Firm Name:	M/s Joshi Apte & Associates, Cost Accountants
Firm Registration No.:	000240
Nature of Appointment:	Cost Auditors
Scope:	Audit of cost accounts of the Company
Financial Year:	2026-27
Date of Appointment:	12th May 2026
Peer-Reviewed Firm:	Yes

Profile of the Appointed Firm

M/s Joshi Apte & Associates is a peer-reviewed firm with a track record of providing expert services in Cost Management Accountancy for the last 17 years. The firm comprises a team of seasoned practitioners with rich experience alongside young professionals. The firm also observes diversity, with a majority of women partners. Its professional service offerings include:

Cost Audit
Costing Systems
Cost Study and Analysis

Regulatory Compliance

The intimation was submitted to both the National Stock Exchange of India Limited and BSE Limited in accordance with the applicable listing regulations. The Company Secretary and Compliance Officer, Poorva Bang, signed and submitted the disclosure on behalf of SKF India (Industrial) Limited. The company's registered office is located at Chinchwad Gaon, Chinchwad, Pune 411033, Maharashtra, India.

Aktiebolaget SKF, the promoter of SKF India (Industrial) Limited, has submitted a regulatory declaration confirming that its substantial shareholding in the company remains free from any encumbrance or pledge. The declaration was filed under Regulation 31(4) & 31(5) of SEBI (Substantial Acquisition of shares and takeovers) Regulations, 2011, dated 31.03.2026.

Promoter Shareholding Details

The declaration provides comprehensive details of Aktiebolaget SKF's ownership position in SKF India (Industrial) Limited:

Parameter:	Details
Promoter Name:	Aktiebolaget SKF (AB SKF)(publ.)
Total Shares Held:	2,59,92,059
Percentage Shareholding:	52.58%
Encumbrance Status:	Not Applicable (no shares encumbered)

Regulatory Compliance and Filing

The declaration was submitted to multiple stakeholders as mandated by SEBI regulations. SKF India (Industrial) Limited's shares are listed on both major Indian stock exchanges - BSE Limited and National Stock Exchange of India Limited. The filing ensures compliance with transparency requirements for substantial shareholders.

Company and Exchange Information

SKF India (Industrial) Limited maintains its registered office at Chinchwad Gaon, Chinchwad, Pune 411033, Maharashtra, India. The company's shares trade under specific scrip codes on both exchanges:

Exchange:	Scrip Code
BSE Limited:	544572
National Stock Exchange:	SKFINCUS

Declaration Signatories

The regulatory filing was executed by senior executives of Aktiebolaget SKF, with Mathias Lyon, General Counsel, and Susanne Larsson, CFO, providing their signatures on the declaration dated 31.03.2026.

This declaration reinforces the promoter's commitment to regulatory compliance and provides stakeholders with transparency regarding the ownership structure of SKF India (Industrial) Limited. The confirmation that no shares are pledged or encumbered demonstrates the promoter's strong financial position and commitment to the Indian subsidiary.