SKF India (Industrial) Limited announced its unaudited financial results for the third quarter and nine months ended December 31, 2025, following a board meeting held on February 3, 2026. The meeting, which was previously scheduled and notified to stock exchanges on January 27, 2026, addressed multiple significant corporate developments alongside the quarterly results.

Financial Performance Overview

The company reported mixed financial performance for the quarter ended December 31, 2025. Revenue from operations stood at ₹8,609.5 million for Q3, compared to ₹8,130.6 million in the previous quarter. However, the company recorded a net loss of ₹500.9 million for the quarter, primarily due to exceptional items totaling ₹1,800.8 million.

Exceptional Items Impact

The quarterly results were significantly impacted by exceptional items worth ₹1,800.8 million, primarily consisting of demerger expenses including IT costs, professional services, stamp duty, and estimated transfer premium payable to statutory authorities. Additionally, the company recognized ₹34 million in gratuity costs due to the implementation of new Labour Codes notified by the Government of India on November 21, 2025.

Leadership Transitions

The board meeting witnessed significant leadership changes within the company's senior management structure. Mr. Ranjan Kumar resigned from his position as Company Secretary and Compliance Officer effective January 31, 2026, citing pursuit of external opportunities as the reason for his departure.

Ms. Poorva Bang brings over 8.5 years of experience in corporate laws, legal, and secretarial matters, having previously worked with United Spirits Limited and SKF India Limited. Ms. Deeksha Hapawat, appointed as Interim Head – Legal, Secretarial and Corporate Affairs, contributes over 16 years of combined experience as an in-house counsel with large multinational corporations.

Strategic Expansion Initiative

In a significant strategic development, the board approved the establishment of a new factory in Pune, Maharashtra. This expansion initiative demonstrates the company's commitment to strengthening its manufacturing capabilities and market presence in the industrial bearings segment.

Regulatory Compliance and Audit Opinion

The unaudited financial results were reviewed by the statutory auditors, M/s. Deloitte Haskins & Sells LLP, who issued an unmodified opinion on the standalone financial results. The results comply with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and have been prepared in accordance with Indian Accounting Standards.

SKF India Limited has disclosed a violation of its Code of Conduct under SEBI (Prohibition of Insider Trading) Regulations, 2015 by one of its designated persons. The company reported this incident to both NSE and BSE on January 15th, 2026, in compliance with regulatory requirements.

Violation Details

The violation involved Ms. Prajakta Kad, a designated person with PAN IEKPK0138F, who executed contra-trades within the prohibited six-month period. The specific transactions included:

The designated person violated Regulation 9 read with clause 10 of Schedule B of the Insider Trading Regulations by executing a contra-trade within a period of six months from the date of the initial trade.

Company Response and Actions

SKF India has taken several immediate steps to address this violation:

• Advisory Communication: An advice letter was sent via email on January 5th, 2026, instructing against contra-trading
• Show Cause Notice: Issued on January 8th, 2026, with the designated person's reply received on January 12th, 2026
• Audit Committee Review: The matter will be presented at the upcoming Audit Committee Meeting
• Further Action: Additional steps will be communicated to stock exchanges following the committee meeting

Regulatory Compliance

This marks the first identified violation of the company's Insider Trading Code and SEBI Insider Trading Regulations since the last financial year. The company has confirmed that no previous instances of violation have been recorded. As the trade value was below ₹10.00 lakhs in the calendar quarter, certain disclosure requirements under Regulation 7 were not applicable.

Next Steps

The company will inform stock exchanges about further action once the Audit Committee Meeting is conducted. SKF India has emphasized its commitment to maintaining strict compliance with insider trading regulations and ensuring appropriate corrective measures are implemented to prevent future violations.