Schaeffler India Limited , a leading motion technology company, has announced its unaudited financial results for the second quarter and half-year, showcasing robust growth and improved profitability.

Financial Highlights

Q2 Performance

H1 Performance

Management Commentary

Mr. Harsha Kadam, Managing Director and Chief Executive Officer of Schaeffler India, expressed satisfaction with the company's performance, stating, "We registered QoQ as well as YoY higher revenue across all businesses and continued to sustain our trajectory of registering double-digit growth for the fifth consecutive quarter. Quality of earnings continued to improve given efficiency measures and concentrated efforts on our strategic priority of localization."

Board Meeting and Financial Review

The Board of Directors approved the unaudited standalone and consolidated financial results during their meeting. The financial statements were prepared in accordance with Indian Accounting Standard 34 and reviewed by statutory auditors Walker Chandiok & Co LLP, who found no material misstatements.

Director Resignation

The Board noted the resignation of Mr. Amit Kalyani from his position as Independent Director, effective from the close of business hours on July 23. The company had previously informed the stock exchanges about this resignation on the same day.

About Schaeffler India

Schaeffler India Limited, part of the global Schaeffler Group, brings 75 years of innovation in motion technology to the Indian market. The company operates through two main segments:

1. Mobility components and related solutions
2. Others

The mobility components segment contributes significantly to overall revenue. Schaeffler India operates:

• Five manufacturing plants in India (Pune, Savli, Maneja, Hosur, and Shoolagiri)
• Three R&D centers
• Seven sales offices

With a workforce of over 3,700 employees, Schaeffler India offers a comprehensive range of products and solutions in the mobility ecosystem, serving various segments with its engineering and motion technology expertise.

Investors and stakeholders can find more information about Schaeffler India on their website www.schaeffler.co.in .

Schaeffler India Limited announced a significant change in its board composition as Amit Kalyani tendered his resignation from the position of Independent Director, effective July 23, 2025. The company disclosed this information in a regulatory filing to the stock exchanges.

Resignation Details

Mr. Kalyani, who has been serving as an Independent Director on Schaeffler India's board, cited 'other professional commitments' as the primary reason for his departure. In his resignation letter, he confirmed that there were no material reasons for his decision beyond the stated professional obligations.

Board Responsibilities

During his tenure at Schaeffler India, Amit Kalyani held several key positions within the board committees:

• Chairperson of the Nomination and Remuneration Committee
• Member of the Audit Committee
• Member of the Corporate Social Responsibility Committee

Extensive Board Presence

Mr. Kalyani's resignation from Schaeffler India does not mark the end of his involvement in the corporate world. He continues to hold directorships in multiple listed entities, showcasing his extensive experience and expertise in various industries:

Compliance with Regulations

Schaeffler India's disclosure aligns with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided the necessary details as per the SEBI circular dated July 13, 2023, ensuring transparency in corporate governance matters.

The board change comes as Schaeffler India continues to navigate the dynamic automotive and industrial components market. The company will likely initiate the process of finding a suitable replacement to fill the vacancy left by Mr. Kalyani's departure.