SKF India Limited has announced the appointment of M/s Samdani & Co, Chartered Accountants as Tax and GST Auditors for the Financial Year 2025-26. The decision was made by the Board of Directors on February 05, 2026, following recommendations from the Audit Committee.

Regulatory Compliance and Appointment Details

The appointment is mandated under Section 44AB of the Income Tax Act, 1961, which requires every company to appoint Chartered Accountants as Tax Auditors. The company has fulfilled this statutory requirement by selecting M/s Samdani & Co, Chartered Accountants (Firm Registration number 142734W).

About the Appointed Auditor

M/s Samdani & Co was established in 2016 and specializes in providing comprehensive audit and litigation services to businesses. The firm also offers advisory services designed to help organizations increase their operational efficiency and reduce finance costs. This expertise aligns with SKF India's requirements for conducting thorough tax and GST audits.

Regulatory Disclosure

The appointment has been disclosed in compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements (LODR). The disclosure follows the requirements outlined in Clause 7, Para A of Part A of Schedule III, along with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The company has provided all necessary details regarding the auditor appointment as required by regulatory guidelines, ensuring transparency and compliance with statutory obligations. This appointment represents SKF India's continued commitment to maintaining robust financial governance and regulatory compliance standards.

SKF India has announced a significant expansion of its manufacturing capabilities with plans to establish a new facility in Pune. The ambitious project represents a substantial investment in the company's Indian operations and future growth prospects.

Investment Details

The company has outlined key parameters for its upcoming manufacturing facility:

Strategic Manufacturing Initiative

The new facility has been positioned as a "Factory of the Future," suggesting the incorporation of advanced manufacturing technologies and modern production capabilities. The Pune location adds to SKF India's manufacturing footprint in the region, leveraging the area's established industrial infrastructure.

Financial Framework

SKF India plans to fund the entire ₹653 crore investment through its own resources, indicating strong internal cash flows and financial stability. This self-funded approach demonstrates the company's confidence in the project's viability and its commitment to organic growth without external financing dependencies.

Implementation Timeline

The project timeline spanning 2026 to 2030 suggests a phased development approach, allowing for systematic planning and execution of the manufacturing facility. This extended timeline indicates the comprehensive nature of the facility development and the company's long-term strategic vision for its Indian operations.