SKP Bearing Industries Limited has appointed Mr. Gautam Ganguli as a Non-Executive Independent Director, following the outcome of its Extraordinary General Meeting (EGM) held on 30 June 2026. The resolution to appoint Mr. Ganguli, including his continuation in office under Regulation 17(1A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, was passed with the requisite majority.

The appointment was approved through remote e-voting and e-voting conducted during the EGM. A total of 12,443,499 equity shares were voted, representing 74.96% of the total equity shares eligible to vote as on the cut-off date of 23 June 2026. All votes cast were in favour of the resolution, with no votes recorded against it.

Voting Details

The voting process was scrutinized by CS Mansi Chokshi of M. K. Chokshi & Associates, Practising Company Secretaries. The remote e-voting facility was open from 26 June 2026 to 29 June 2026, followed by e-voting during the EGM on 30 June 2026. The table below details the voting pattern:

Procedural Compliance

The EGM was convened through Video Conferencing and Other Audio-Visual Means (VC/OAVM) in compliance with the provisions of the Companies Act, 2013 and the SEBI Listing Regulations. Bigshare Services Private Limited facilitated the e-voting process. The resolution was declared passed as the votes in favour exceeded the required threshold under Section 114(2) of the Companies Act, 2013.

SKP Bearing Industries Limited has scheduled an Extraordinary General Meeting (EGM) on June 30, 2026, to seek shareholder approval for the appointment of Mr. Gautam Ganguli as an Independent Director. The meeting will be held through Video Conferencing and Other Audio-Visual Means (VC/OAVM) at 4:00 p.m. IST. The resolution also seeks approval for Mr. Ganguli’s continuation in office after he attains the age of 75 years, ensuring his tenure extends until March 31, 2031.

Mr. Gautam Ganguli was initially appointed as an Additional Director in the category of Non-Executive Independent Director effective April 1, 2026. Under Section 161(1) of the Companies Act, 2013, his tenure as an Additional Director is valid up to the date of this EGM. The company has received the necessary consents and declarations from Mr. Ganguli, including confirmation of his independence and that he is not disqualified from being appointed as a director.

The Board of Directors recommends the appointment, citing Mr. Ganguli's qualifications and extensive experience in finance and compliance. He is a qualified Chartered Accountant and Company Secretary with nearly five decades of experience, having previously served as the Company Secretary of Kesoram Industries Limited. He currently serves as the Chairman of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders' Relationship Committee.

In accordance with Regulation 17(1A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a special resolution is required to appoint or continue a non-executive director who has attained the age of 75 years. Mr. Ganguli is currently 73 years old and will turn 75 during the proposed term. Consequently, the EGM will vote on a special resolution to approve both his appointment and his tenure extension.

EGM and Voting Schedule

The company has established the following timeline for the EGM and e-voting process:

Bigshare Services Private Limited has been appointed as the e-voting agency. CS Mansi Chokshi of M.K Chokshi & Associates will act as the Scrutiniser for the meeting. The results of the voting will be declared within two working days of the conclusion of the EGM.