SKF India (Industrial) Limited has announced a key leadership appointment, naming Ms. Poorva Bang as the new Company Secretary & Compliance Officer effective February 03, 2026. The appointment was formally approved by the Board of Directors following recommendations from the Nomination and Remuneration Committee.

Board Approval and Regulatory Compliance

The appointment was made in accordance with Section 203 of the Companies Act, 2013, read with Rule 8 of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. The company has fulfilled all disclosure requirements under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements Regulation), 2015.

Leadership Transition

Ms. Bang's appointment comes as Mr. Ranjan Kumar, the current Company Secretary & Compliance Officer, has resigned to pursue external opportunities. The company confirmed that Ms. Bang is not related to any Directors, Key Managerial Personnel, or Promoters of the company.

Professional Background and Qualifications

Ms. Poorva Bang brings substantial expertise to her new role, with over 8.5 years of experience in corporate laws, legal, secretarial, and related matters. Her educational qualifications and professional background demonstrate strong credentials for the position.

Previous Professional Experience

Her career includes significant positions with notable organizations in the corporate sector:

• United Spirits Limited - A Diageo group company
• SKF India Limited

Her experience encompasses handling versatile projects and managing confidential information with discretion, positioning her well for the compliance and secretarial responsibilities at SKF India (Industrial) Limited.

Company Information

SKF India (Industrial) Limited operates from its registered office at Chinchwad Gaon, Chinchwad, Pune 411033, Maharashtra, India. The company maintains its commitment to regulatory compliance and corporate governance standards through such key appointments in leadership positions.

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.