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.

SKF India Limited has announced a comprehensive restructuring of its Board of Directors, with three new appointments and three resignations taking effect in January 2026. The changes were approved through a circular resolution of the Board of Directors dated January 10, 2026, following recommendations from the Nomination and Remuneration Committee.

New Board Appointments

The company has appointed three Additional Directors (Non-Executive, Non-Independent) effective January 13, 2026, subject to shareholder approval within three months as per SEBI LODR Regulation 17(1C).

Professional Backgrounds 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 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 Sales Organization for 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 Global Operations Director. He holds 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, including experience in due diligence, restructuring organizations, and lean manufacturing.

Board Resignations

Three Directors have resigned from their positions, with all resignations taking effect from the closure of business hours on January 12, 2026.

Regulatory Compliance

The company has confirmed that all new appointees are not debarred from holding the office of Director by SEBI or any other regulatory authority. None of the new Directors are related to any existing Directors, Key Managerial Personnel, or Promoters of the Company. All appointments are subject to shareholder approval, which the company will seek within three months from the date of appointment as required under Regulation 17(1C) of SEBI LODR.

The announcements were made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI Master Circular dated November 11, 2024. The company has provided detailed disclosures including brief profiles of the new appointees and resignation letters from the outgoing Directors, ensuring full transparency in the board restructuring process.