SKF India Limited Announces Resignation of Head of Automotive Business

1 min read     Updated on 22 Apr 2026, 05:48 AM
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AI Summary

SKF India Limited announced the resignation of Mr. Alagesan Thasari, Head of Automotive Business and Senior Management Personnel, effective April 21, 2026. He is leaving to pursue career opportunities outside the company after serving a three-month notice period. The company has accepted his resignation and begun the succession planning process to identify and appoint a replacement, subject to necessary approvals.

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SKF India Limited has announced a significant leadership change with the resignation of Mr. Alagesan Thasari from his position as Head of Automotive Business. The announcement was made through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, dated April 21, 2026.

Resignation Details

Mr. Alagesan Thasari, who held the designation of Senior Management Personnel, submitted his resignation to pursue career opportunities outside the company. The resignation becomes effective from the closing of business hours on April 21, 2026.

Parameter Details
Position Head – Automotive Business
Designation Senior Management Personnel
Effective Date April 21, 2026
Reason Pursue career opportunities outside the company
Notice Period 3 months

Company Response and Succession Planning

SKF India Limited has accepted Mr. Thasari's resignation and confirmed that there are no other material reasons for his departure beyond those mentioned. The company has proactively initiated the process to identify and appoint a successor to the position, subject to obtaining necessary regulatory approvals.

The resignation letter, dated January 22, 2026, indicates that Mr. Thasari served a three-month notice period. In his letter, he expressed gratitude for the opportunities and support provided during his tenure and committed to ensuring a smooth transition by completing his responsibilities and assisting in the handover of tasks.

Regulatory Compliance

The announcement was made in compliance with SEBI regulations, specifically:

  • Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023
  • Schedule III requirements for Senior Management Personnel changes

The disclosure was signed by Mayuri Kulkarni, Company Secretary & Compliance Officer, and submitted to both NSE and BSE for dissemination on their respective websites.

Historical Stock Returns for SKF India

1 Day5 Days1 Month6 Months1 Year5 Years
+1.03%+9.14%+13.90%-21.85%-2.22%+78.04%

How might the leadership transition in SKF India's automotive division affect the company's market share in India's rapidly growing electric vehicle segment?

What strategic changes could the new Head of Automotive Business implement to capitalize on India's automotive industry transformation?

Will SKF India's automotive business performance be impacted during the interim period before a successor is appointed?

SKF India Limited Opens Special Window for Physical Share Transfer Re-lodgment

2 min read     Updated on 20 Apr 2026, 12:48 AM
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AI Summary

SKF India Limited has opened a special window from February 5, 2026 to February 4, 2027 for investors to re-lodge physical share transfer requests that were previously rejected due to deficiencies. The initiative, based on SEBI circulars from 2025 and 2026, allows eligible investors who submitted transfer requests before April 1, 2019 to complete their pending transfers in dematerialized form upon successful verification and SEBI compliance.

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SKF India Limited has announced the opening of a special window for investors to re-lodge transfer requests for physical shares that were previously rejected or returned due to various deficiencies. This initiative represents a significant opportunity for eligible shareholders to complete their pending share transfers.

SEBI Regulatory Framework

The Securities and Exchange Board of India (SEBI) introduced this special window through its circular SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97 dated July 2, 2025 and HO/38/13/11(2)2026-MIRSD-POD/1/3750/2026 dated January 30, 2026. The last publication for this notice was done on February 18, 2026.

Eligibility Criteria and Window Period

Parameter: Details
Eligible Investors: Those who submitted transfer requests for physical shares prior to April 1, 2019
Rejection Reasons: Deficiencies in documents or other procedural issues
Window Period: February 5, 2026 to February 4, 2027 (1 year)
Transfer Mode: Only in dematerialized (demat) form

Investors who had submitted transfer requests for physical shares before April 1, 2019 (the date from which SEBI discontinued transfer of shares in physical form) and whose requests were rejected, returned, or not attended due to deficiencies in documents or otherwise, are now eligible to re-lodge such requests.

Key Requirements and Process

Eligible shareholders are invited to re-lodge their earlier transfer requests along with necessary documents during the specified window period. The process involves several important considerations:

  • Re-lodged securities will be transferred only in dematerialized (demat) form
  • Requests must be submitted to the Company or its Registrar & Transfer Agent (RTA) at the addresses provided
  • Transfer will be processed only upon successful verification and compliance with SEBI guidelines

Contact Information for Submissions

Entity: Contact Details
SKF India Limited: Mayuri Kulkarni, Company Secretary & Compliance Officer
Address: SKF India Limited, Chinchwad, Pune 411 033, Maharashtra, India
Phone: 020 66112623
Email: investorIndia@SKF.com
Entity: Contact Details
MUFG Intime India Private Limited: (Formerly Link Intime India Private Limited)
Unit: SKF India Limited
Address: C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli West, Mumbai – 400 083
Phone: +91 810 811 8484
Email: investor.helpdesk@in.mpms.mufg.com
Website: https://web.in.mpms.mufg.com/helpdesk/Service_Request.html

Company Encouragement

SKF India Limited encourages all eligible investors who have not yet received transferred shares due to earlier rejections or pending deficiencies to avail themselves of this Special Window and complete the transfer process in accordance with the SEBI circular. This initiative provides a valuable opportunity for shareholders to resolve long-pending transfer issues and secure proper ownership of their investments in dematerialized form.

Historical Stock Returns for SKF India

1 Day5 Days1 Month6 Months1 Year5 Years
+1.03%+9.14%+13.90%-21.85%-2.22%+78.04%

Will SEBI extend similar special windows to other listed companies with pending physical share transfer issues?

How might the conversion of these physical shares to demat form impact SKF India's shareholding pattern and trading liquidity?

What happens to unclaimed physical shares if eligible investors don't utilize this one-year window period?

More News on SKF India

1 Year Returns:-2.22%