SKF India has successfully completed its ownership restructuring with the transfer of 52.58% shareholding from AB SKF to SKF Interim AB. The transaction was executed on December 22, 2025, through an off-market inter-se transfer, with comprehensive regulatory disclosures filed under Regulation 10(6) of SEBI SAST Regulations on December 23, 2025.

Transaction Completion and Regulatory Framework

SKF Interim AB acquired 25,992,059 equity shares representing 52.58% of SKF India's total shareholding from Aktiebolaget SKF (AB SKF). The transaction was executed pursuant to an off-market inter-se transfer between the promoter and its wholly-owned subsidiary, involving no monetary consideration as an unconditional and irrevocable shareholders contribution in accordance with Swedish law.

SEBI Regulatory Disclosures and Compliance

The company filed comprehensive disclosures under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction falls within the exemption provided under Regulation 10(1)(a)(iii) of the SEBI SAST Regulations, being an inter-se transfer of shares between AB SKF and its wholly-owned subsidiary. Sanoj Somasundaran, the authorized signatory, submitted the required documentation to both BSE and NSE in continuation of the earlier filing under Regulation 10(5) dated December 12, 2025.

Updated Shareholding Structure

The completed transaction resulted in a complete transfer of AB SKF's direct holding to its wholly-owned subsidiary. SKF Interim AB, being a wholly-owned subsidiary of AB SKF and a member of the promoter group, maintains the strategic control structure within the promoter group framework. The transfer represents an internal reorganization without affecting the company's operational control.

Corporate Structure and Legal Framework

The inter-se transfer maintains the promoter group's overall control of 52.58% in the bearing systems manufacturer while reorganizing ownership through a subsidiary structure. The restructuring represents an internal reorganization within the promoter group without affecting the company's operational control or share capital structure. The transaction was executed as an unconditional and irrevocable shareholders contribution with no monetary consideration involved, ensuring compliance with both Indian and Swedish regulatory requirements.

Mirae Asset Mutual Fund has increased its shareholding in SKF India through an open market acquisition completed on December 17, 2025. The transaction has been disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The mutual fund acquired 1.90 lakh shares of SKF India through open market purchase. This acquisition represents 0.38% of the company's total share capital and voting rights.

Shareholding Pattern Changes

Following this transaction, Mirae Asset Mutual Fund's total shareholding in SKF India has increased significantly.

Company Information

SKF India's total equity share capital stands at ₹49.44 crores, with the same figure representing the total voting capital.

Regulatory Compliance

The disclosure was filed by Mirae Asset Investment Managers (India) Private Limited on December 18, 2025, through its Head of Compliance, Legal and Company Secretary, Rimmi Jain. The filing ensures compliance with SEBI regulations regarding substantial acquisition of shares and has been submitted to the Bombay Stock Exchange for record-keeping purposes.

This acquisition reflects the mutual fund's continued interest in SKF India, with the increased stake positioning Mirae Asset as a significant institutional investor in the company.