SKF India Limited has announced the resignation of Ms. Kerstin Enochsson as Director (Non-Executive, Non-Independent) effective from the closure of business hours on January 12, 2026. The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

The company disclosed the directorial change through a formal communication to both the National Stock Exchange of India Limited and BSE Limited on January 12, 2026. Ms. Enochsson, who holds Director Identification Number (DIN) 10774889, submitted her resignation citing other occupancies and commitments as the primary reason for her decision.

Regulatory Compliance

The disclosure was made pursuant to multiple regulatory requirements including Regulation 30 of SEBI LODR, clause 7 of Para A of Part A of Schedule III, and the SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company also referenced its internal policy on determination of materiality of events for disclosure to stock exchanges.

SKF India provided the resignation letter as Annexure-A along with detailed reasons as required under clause 7C of Para A of Part A of Schedule III of SEBI LODR. The resignation letter, dated January 8, 2026, was addressed to the Chairperson and confirmed that there were no other material reasons beyond the stated occupancies and commitments.

Formal Procedures

In her resignation letter, Ms. Enochsson expressed gratitude to all Board Members for their support and guidance during her tenure. She specifically requested the company to initiate and complete all necessary formalities, including informing the Registrar of Companies and other regulatory authorities to formalize her discontinuance as Director.

The company secretary and compliance officer, Mayuri Kulkarni, signed the regulatory filing on behalf of SKF India Limited. The announcement ensures full compliance with stock exchange disclosure requirements and maintains transparency with stakeholders regarding changes in the company's board composition.

SKF India Limited has announced a comprehensive restructuring of its Board of Directors, appointing three new Additional Directors while accepting the resignations of three existing board members. The changes, approved through a circular resolution dated January 10, 2026, represent a significant transition in the company's leadership structure.

New Board Appointments

The company has appointed three new Additional Directors (Non-Executive, Non-Independent) effective January 13, 2026, based on recommendations from the Nomination and Remuneration Committee. All appointments are subject to shareholder approval, which the company will seek within three months as required under Regulation 17(1C) of SEBI LODR.

Profiles of New Directors

Mr. Magnus Lennart Prick brings over 15 years of experience in business law, including corporate matters, M&A, governance, and commercial contracts. He holds a Master of Laws (LL.M.) with corporate law as major subject and a Bachelor of Business Administration (B.B.A.) with accounting as major subject, both from the University of Gothenburg. Currently serving as Head of Automotive Corporate Legal, he has previously worked with Volvo Cars, Volvo Group, and Mannheimer Swartling.

Mr. Bastian Thomas serves as Director - Head of Sales Americas, EMEA & India, leading the Sales Organization across these regions. He holds a degree in Business Engineering from the University of Applied Science, Munich, with Mechanical Engineering as his major subject. With over 20 years of experience, he has worked with BMW Group, TQ Group, Volvo Cars, and Grammer AG before joining SKF in September 2024.

Mr. Antonio Molle currently holds the position of SKF Group Global Operations Director Automotive. He possesses a degree in Mechanical Engineering with specialization in Heat transmission from Cassino University and has a Doctoral thesis in Thermodynamic machines. With over 30 years of experience, he has worked with SKF Group Companies in Italy and worldwide since 1994, bringing expertise in lean manufacturing, factory digitalization, and organizational restructuring.

Board Resignations

Three directors have resigned from their positions effective January 12, 2026, all citing other occupancies and commitments as the reason for their departure.

All three departing directors confirmed in their resignation letters that there were no material reasons for their resignation other than their other pre-occupancies and commitments. They expressed gratitude for the support and guidance received during their tenure on the Board.

Regulatory Compliance

The company has confirmed that all three new appointees are not debarred from holding the office of Director by virtue of any order issued by SEBI or any other authorities. None of the new directors are related to any existing Directors, Key Managerial Personnel, or Promoters of the Company. The appointments comply with all applicable provisions of SEBI LODR regulations and the company's policy on determination of materiality of events for disclosure to stock exchanges.