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.

Schaeffler India , a leading industrial and automotive component manufacturer, has expanded its production capabilities with the inauguration of its fifth manufacturing facility in India. The new plant, located in Shoolagiri, Tamil Nadu, was opened on May 28, 2025, marking a strategic move by the company to strengthen its presence in the automotive sector.

State-of-the-Art Facility

The newly inaugurated facility spans 16,500 square meters in its first phase and is designed to cater to the evolving needs of the automotive industry. Schaeffler India has equipped the plant with advanced technology to produce both conventional and hybrid powertrain components, with a focus on planetary gear systems and hybrid transmission components. This dual capability positions the company to meet the current demand for traditional automotive parts while also preparing for the growing shift towards electrification in the automotive sector.

Strategic Location and Investment

The choice of Shoolagiri, Tamil Nadu, for Schaeffler's latest manufacturing unit is strategic. Tamil Nadu has established itself as a major automotive hub in India, home to several leading automobile manufacturers and their suppliers. This location is likely to provide Schaeffler with logistical advantages and proximity to key customers in the region.

Schaeffler India has invested significantly in its expansion, with ₹1,700.00 crore invested over the past three years, exceeding its initial commitment of ₹1,500.00 crore. This substantial investment underscores the company's commitment to the Indian market and its confidence in the growth potential of the automotive sector in the country.

Expanding Manufacturing Footprint

With this new facility, Schaeffler India now boasts five manufacturing plants across the country. This expansion enhances Schaeffler's ability to serve both domestic and international markets more efficiently. The company expects to reach full production capacity at the new facility by Q4 2025.

Focus on Future Technologies

By incorporating capabilities for hybrid powertrain components, Schaeffler demonstrates its forward-thinking approach and readiness to adapt to the changing landscape of the automotive industry. As the demand for electric and hybrid vehicles continues to grow, this new facility positions Schaeffler to be a key player in the transition to more sustainable mobility solutions.

Implications for Schaeffler India

The inauguration of this new manufacturing facility is a significant milestone for Schaeffler India. It not only expands the company's production capacity but also showcases its commitment to innovation and sustainability in the automotive sector. This investment in future-ready manufacturing capabilities could potentially strengthen Schaeffler's market position and open up new opportunities in the evolving automotive landscape.

As the automotive industry continues to transform, Schaeffler's strategic expansion and focus on both conventional and hybrid technologies indicate its readiness to meet the challenges and opportunities of the future.