SKF India Shareholders Approve Key Resolutions in Postal Ballot

SKF India Limited (ISIN: INE640A01023) recently concluded a significant postal ballot, with shareholders approving three crucial resolutions. The voting process, conducted through remote e-voting, took place from October 17 to November 15, 2025, demonstrating strong shareholder support across all proposals.

Key Resolutions Passed

Material Related Party Transactions: Shareholders approved material related party transactions with SKF India (Industrial) Limited.
Appointment of New Managing Director: Mr. Shailesh Kumar Sharma (DIN: 09493881) was appointed as the Managing Director for a five-year term, effective from October 1, 2025.
New Non-Executive Director: Mr. Mukund Vasudevan (DIN: 05146681) was appointed as a Non-Executive Director of the company.

Voting Results

The voting results showcased strong shareholder support for all resolutions:

Resolution	Type	Result
Material Related Party Transactions	Ordinary	Passed with Requisite Majority
Appointment of Shailesh Kumar Sharma as Managing Director	Ordinary	Passed with Requisite Majority
Appointment of Mukund Vasudevan as Non-Executive Director	Ordinary	Passed with Requisite Majority

Voting Process Details

Voting Period: October 17, 2025 (9:00 am IST) to November 15, 2025 (5:00 pm IST)
Scrutinizer: Mr. Jayavant Bhave of M/s. J.B. Bhave & Co, Practicing Company Secretaries
Cut-off Date: October 3, 2025

The company adhered to regulatory requirements, conducting the postal ballot in accordance with Section 108 and 110 of the Companies Act, 2013, and Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

These approvals mark significant corporate actions for SKF India, potentially influencing the company's future operations and governance structure. The strong shareholder support for these resolutions indicates confidence in the company's strategic decisions and leadership appointments.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.06%	-3.70%	-10.20%	-57.28%	-7.72%	+176.73%

SKF India 's stock saw a significant upturn, breaking a 10-day losing streak with a 5% gain. This rebound comes amidst increased interest from mutual funds, which have been actively building their positions in the auto ancillary company.

Mutual Fund Activity

Several major mutual funds have shown strong confidence in SKF India by substantially increasing their exposure:

Mutual Fund	Purchase Amount (₹ in crore)
HDFC MF	1300.00
Mirae MF	805.00
ICICI Prudential	260.00

This surge in mutual fund interest has led to a notable increase in the company's mutual fund ownership, which now stands at 23.83%.

Analyst Sentiment

The stock is also garnering attention from market analysts. Current coverage of SKF India reveals a generally positive outlook:

Recommendation	Number of Analysts
Buy	5
Hold	3
Sell	1

This distribution suggests a cautiously optimistic view among analysts regarding SKF India's prospects.

Market Implications

The renewed interest from institutional investors, particularly mutual funds, may signal confidence in SKF India's fundamentals and growth potential. The breaking of the 10-day decline could potentially mark a turning point for the stock, although investors should always consider market volatility and conduct thorough research before making investment decisions.

As the auto ancillary sector continues to evolve, SKF India's performance will likely be closely watched by both institutional and retail investors. The increased mutual fund ownership could potentially provide some stability to the stock, but as always, market conditions and company performance will be key factors in determining future stock movements.