SKF India has announced its audited financial results for the financial year ended March 31, 2026, alongside the recommendation of a final dividend. The Board of Directors, at its meeting held on May 13, 2026 (commencing at 16:00 hrs IST and concluding at 20:45 hrs IST), approved the Standalone and Consolidated Financial Results. The Statutory Auditors, M/s. Deloitte Haskins & Sells LLP, Chartered Accountants, issued unmodified opinions on both the Unaudited Financial Results for the fourth quarter and the Annual Audited Financial Results for the financial year ended March 31, 2026. In compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, SKF India published its financial results in Financial Express (all India Edition), Economic Times (Mumbai, Pune, Delhi & Bangalore Edition) in English, and Maharashtra Times (Pune Edition) in Marathi, with the advertisement dated May 15, 2026.

Financial Performance

For the financial year ended March 31, 2026, SKF India reported standalone Revenue from Operations of INR 21,295.9 million, reflecting a year-on-year growth of 15.4% and a quarter-on-quarter growth of 20.7%. The total standalone Net Profit for the period (after tax, for continuing and discontinued operations combined) stood at INR 2,660.1 million. On a consolidated basis, Revenue from Operations for the full year was INR 37,433.9 million. The following tables summarise the key standalone and consolidated financial metrics for the quarter and year ended March 31, 2026.

Consolidated Financial Results (INR in million)

Standalone Financial Results (INR in million)

Standalone Key Metrics Summary

Dividend Declaration

The Board of Directors has recommended a final dividend of INR 40 per equity share (400% on equity shares of INR 10 each) for the financial year ended March 31, 2026, subject to approval of shareholders at the ensuing Annual General Meeting. When approved by the members, this will result in a cash outflow of INR 1,977.14 million. The dividend shall be paid or dispatched within 30 days from the date of the AGM, if declared and approved by the members.

Annual General Meeting & Key Dates

The 65th Annual General Meeting of the Company for FY 2025-26 will be held via Video Conferencing/Other Audio-Visual Means on Friday, August 14, 2026 at 1:00 p.m. IST. Mr. Jayavant B Bhave from M/s. J B Bhave & Co., Practicing Company Secretaries, Pune, has been appointed as the scrutinizer for the e-voting process. The key dates associated with the AGM and dividend are outlined below:

National Securities Depository Limited (NSDL) has been appointed to provide e-voting, including remote e-voting, for the AGM.

Appointment of Cost Auditors

On the recommendation of the Audit Committee, the Board approved the appointment of M/s Joshi Apte and Associates (Firm Registration No. 000240), Cost Accountants, as Cost Auditors of the Company for the Financial Year 2025-26.

Key Management Appointments

In a significant leadership change, the Board approved the appointment of Mr. Mayank Holani as Chief Financial Officer (CFO) effective May 14, 2026. Mr. Holani succeeds Ms. Aashi Arora, who resigned as Interim CFO effective May 14, 2026, due to the conclusion of her interim assignment and a change in role. Mr. Holani brings over 23 years of experience, including six years as a CFO, having previously served at Indian Synthetic Rubber Private Limited and Schneider Electric Infrastructure Limited. Additionally, Mr. Prahlada GirishKumar was appointed as Head - Strategy and Special Projects and as a member of the Senior Management Team effective May 14, 2026.

Source: None/Company/INE640A01023/367752a1d70b447d.pdf

SKF India Limited announced on 13th May 2026 that its Board of Directors, at its meeting held on the same date, took note of the resignation of Ms. Aashi Arora as Interim Chief Financial Officer (Interim CFO) and Key Managerial Personnel of the company. The resignation is effective from 14th May 2026 and was filed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

The disclosure was made in accordance with Regulation 30 of SEBI LODR, read with Clause 7 & 7(c), Para A of Part A of Schedule III, and the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026. The key details of the change in Key Managerial Personnel are as follows:

Resignation Letter Highlights

In her resignation letter dated 6th May 2026, Ms. Aashi Arora stated that her departure as Interim CFO and Key Managerial Personnel is solely due to the conclusion of her interim assignment and a change in her role within the organisation. She confirmed there is no other material reason for her resignation beyond what has been stated.

Key points from the resignation letter include:

• Ms. Aashi Arora will continue to be part of SKF India Limited in a different capacity following her cessation as Interim CFO.
• She expressed commitment to ensuring a smooth transition by completing pending responsibilities and assisting in the handover of tasks.
• She thanked the Board Members and Management Team for their support and guidance during her tenure as CFO.
• She requested the company to initiate all necessary formalities, including informing regulatory authorities, to formalise her discontinuance as Interim CFO and Key Managerial Personnel.

Regulatory Compliance

The announcement was made by Mayuri Kulkarni, Company Secretary & Compliance Officer of SKF India Limited, and was communicated to both the National Stock Exchange of India Limited and BSE Limited on 13th May 2026. The company has requested both exchanges to take the information on record and disseminate it on their respective websites.