SKF India Limited Announces Major Board Restructuring with Three New Appointments and Three Resignations

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).

Director Details:	Information
Mr. Magnus Lennart Prick	DIN: 11342653
Position:	Additional Director (Non-Executive, Non-Independent)
Effective Date:	January 13, 2026
Mr. Bastian Thomas	DIN: 11414682
Position:	Additional Director (Non-Executive, Non-Independent)
Effective Date:	January 13, 2026
Mr. Antonio Molle	DIN: 11400478
Position:	Additional Director (Non-Executive, Non-Independent)
Effective Date:	January 13, 2026

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.

Resignation Details:	Information
Ms. Kerstin Enochsson	DIN: 10774889
Position:	Director (Non-Executive, Non-Independent)
Resignation Date:	January 12, 2026 (closure of business hours)
Reason:	Other occupancies and commitments
Mr. Karl Robin Joakim Landholm	DIN: 09651911
Position:	Director (Non-Executive, Non-Independent)
Resignation Date:	January 12, 2026 (closure of business hours)
Reason:	Other occupancies and commitments
Mr. Mukund Vasudevan	DIN: 05146681
Position:	Director (Non-Executive, Non-Independent)
Resignation Date:	January 12, 2026 (closure of business hours)
Reason:	Other occupancies and commitments

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.41%	-1.71%	+1.07%	-63.20%	-58.27%	+116.23%

SKF India Ltd. witnessed significant trading activity on the National Stock Exchange (NSE) with a major block trade transaction. The bearing manufacturer recorded substantial institutional interest through this large-volume trade executed outside regular market hours.

Block Trade Details

The transaction details highlight the scale of institutional participation in SKF India's stock:

Parameter:	Details
Total Transaction Value:	₹21.38 crores
Number of Shares:	115,503 shares
Execution Price:	₹1,851.30 per share
Exchange:	National Stock Exchange (NSE)

Understanding Block Trades

Block trades represent large-volume transactions typically executed by institutional investors, mutual funds, or other significant market participants. These trades are conducted outside the regular trading mechanism to prevent substantial price movements that could occur if such large volumes were traded through normal market orders.

The execution price of ₹1,851.30 per share for this transaction indicates the level at which institutional investors were willing to transact in SKF India's stock. Such trades often reflect confidence in the company's fundamentals or strategic portfolio adjustments by large investors.

Market Implications

The ₹21.38 crore transaction represents meaningful trading activity for SKF India, demonstrating continued institutional interest in the bearing manufacturer's stock. Block trades of this magnitude typically indicate either strategic acquisitions by institutional investors or significant portfolio rebalancing activities.

For retail investors and market observers, such block trades serve as indicators of institutional sentiment and can provide insights into large investor behavior regarding the stock.