SKF India Limited Announces Demerger of Automotive Business

SKF India Limited Announces Strategic Demerger

SKF India , a leading manufacturer of bearings and lubrication systems, has recently announced a significant corporate restructuring. The company's board has approved a scheme to demerge its automotive business into a separate entity.

Key Points of the Demerger

The automotive business will be separated from SKF India Limited.
A new company will be formed to house the demerged automotive business.
The demerger aims to create two distinct and focused business entities.

Rationale Behind the Decision

The company stated that this strategic move is designed to:

Enhance focus on respective business segments
Improve operational efficiency
Unlock value for shareholders

Impact on Shareholders

Shareholders of SKF India Limited will receive shares in the newly formed company. The exact share allocation ratio and other details are yet to be announced.

Next Steps

The demerger scheme is subject to necessary statutory and regulatory approvals.
Shareholders and creditors will need to approve the scheme.
The process is expected to be completed in the coming months, pending all required clearances.

Market Reaction

Investors and market analysts will be closely watching how this corporate action affects SKF India's stock price and future growth prospects. The success of this demerger will largely depend on how effectively both entities can capitalize on their focused business strategies post-separation.

Stakeholders are advised to keep an eye on further announcements from the company regarding the progress of this demerger and its potential implications.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.51%	-2.41%	-10.71%	-60.38%	-19.82%	+144.51%

SKF India Limited (ISIN: INE640A01023) recently concluded a significant postal ballot, with shareholders approving three crucial resolutions. The voting process, conducted through remote e-voting, took place from October 17 to November 15, 2025, demonstrating strong shareholder support across all proposals.

Key Resolutions Passed

Material Related Party Transactions: Shareholders approved material related party transactions with SKF India (Industrial) Limited.
Appointment of New Managing Director: Mr. Shailesh Kumar Sharma (DIN: 09493881) was appointed as the Managing Director for a five-year term, effective from October 1, 2025.
New Non-Executive Director: Mr. Mukund Vasudevan (DIN: 05146681) was appointed as a Non-Executive Director of the company.

Voting Results

The voting results showcased strong shareholder support for all resolutions:

Resolution	Type	Result
Material Related Party Transactions	Ordinary	Passed with Requisite Majority
Appointment of Shailesh Kumar Sharma as Managing Director	Ordinary	Passed with Requisite Majority
Appointment of Mukund Vasudevan as Non-Executive Director	Ordinary	Passed with Requisite Majority

Voting Process Details

Voting Period: October 17, 2025 (9:00 am IST) to November 15, 2025 (5:00 pm IST)
Scrutinizer: Mr. Jayavant Bhave of M/s. J.B. Bhave & Co, Practicing Company Secretaries
Cut-off Date: October 3, 2025

The company adhered to regulatory requirements, conducting the postal ballot in accordance with Section 108 and 110 of the Companies Act, 2013, and Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

These approvals mark significant corporate actions for SKF India, potentially influencing the company's future operations and governance structure. The strong shareholder support for these resolutions indicates confidence in the company's strategic decisions and leadership appointments.