SKF India Limited has announced the resignation of Mr. Alagesan Thasari, Head – Automotive Business and designated Senior Management Personnel, effective April 21, 2026. The announcement was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

Mr. Thasari submitted his resignation on January 22, 2026, citing his intention to pursue career opportunities outside the company. The resignation letter confirms there are no other material reasons for his departure beyond the stated career objectives.

Company Response

SKF India Limited has accepted Mr. Thasari's resignation and confirmed his relief from duties will take effect from the closing of business hours on April 21, 2026. The company has initiated the process to identify and appoint a successor to the position, subject to obtaining necessary approvals as applicable.

Regulatory Compliance

The announcement fulfills disclosure requirements under Regulation 30 of SEBI LODR, read with applicable circulars and the SEBI Master Circular dated July 11, 2023. The company has provided complete documentation including:

• Formal resignation announcement
• Detailed disclosure under Annexure A
• Original resignation letter from Mr. Thasari

Transition Process

In his resignation letter, Mr. Thasari expressed gratitude for the opportunities and support provided during his tenure with SKF India Limited. He committed to ensuring a smooth transition by completing his responsibilities and assisting in the handover of tasks during the notice period.

The company secretary and compliance officer, Mayuri Kulkarni, has formally communicated this information to both NSE and BSE for record and dissemination on their respective websites.

SKF India Limited has officially notified stock exchanges about a significant change in its promoter entity's corporate identity. The company announced that its promoter entity has changed its name from SKF Interim AB to SKF Vertevo AB, marking an important development in the company's corporate structure.

Corporate Restructuring Initiative

The name change forms part of a comprehensive global rebranding initiative undertaken by the parent organization. This strategic move is directly connected to restructuring activities resulting from the demerger of two major business segments - the Automotive Business and the Industrial Business.

Shareholding and Status Unchanged

SKF India Limited has emphasized that this modification pertains exclusively to the entity's name and does not involve any changes in critical aspects of the promoter relationship. The company has specifically clarified that there are no alterations in the promoter entity's shareholding in SKF India Limited, nor any change in its status as part of the promoter group.

The company is currently in the process of updating the new promoter entity name with other regulatory authorities wherever applicable, ensuring comprehensive compliance across all jurisdictions.

Voluntary Disclosure and Governance

Despite the name change not qualifying as material information under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, SKF India Limited has chosen to make this disclosure voluntarily. The company cited good governance practices and abundant caution as the reasons for this proactive communication to stakeholders.

Regulatory Compliance Commitment

SKF India Limited has reaffirmed its commitment to maintaining full compliance with all applicable disclosure and corporate governance requirements under the SEBI Listing Regulations and other relevant laws concerning its promoter entity. The company has assured stakeholders that it will continue to uphold the highest standards of transparency and regulatory adherence in all matters related to its promoter relationships.