SKF India (Industrial) Limited has completed a major milestone in its demerger process by approving the allotment of 4,94,37,963 fully paid-up equity shares of face value ₹10 each to equity shareholders of SKF India Limited. The Board of Directors approved this allotment on October 17, 2025, for shareholders holding shares as on the record date of October 15, 2025, pursuant to the approved scheme of arrangement. This development marks the successful execution of the automotive business separation that became effective on October 1, 2025, following the filing of certified copies with the Registrar of Companies, Pune.
As part of the demerger implementation, SKF India (Industrial) Limited has noted the cancellation and reduction of its entire pre-scheme paid-up share capital comprising 10,000 fully paid-up equity shares of face value ₹10 each. These shares were entirely held by SKF India Limited before the scheme became effective. The restructuring creates a clear separation between the automotive business operations under the new entity and the existing industrial operations, providing shareholders with direct ownership in both business segments through the share allotment mechanism.
SKF India has announced the closure of its trading window effective January 1, 2026, restricting trading activities for Directors, Promoters, Key Managerial Personnel, Designated Persons and their immediate relatives until 48 hours after the declaration of Q3 FY26 financial results ending December 31, 2025. The company has also received compliance certificates from its Registrar and Transfer Agent dated October 15, 2025, confirming details of securities dematerialized and rematerialized during the quarter as required under Regulation 74(5) of SEBI (DP) Regulations, 2018, ensuring full regulatory adherence throughout the demerger process.
SKF India shares experienced apparent volatility on October 15, 2025, with an intraday decline that appeared to be 54% but was actually adjusted to reflect the demerger impact, resulting in an actual decline of 5% with the stock hitting its lower circuit at ₹2,276.10 after adjustment. The company has provided detailed communication to shareholders regarding the apportionment of cost of acquisition for equity shares of both SKF India Limited and SKF India (Industrial) Limited pursuant to the scheme. Recent promoter group transactions include inter-se transfers totaling 3,326,004 equity shares (6.73% shareholding) from SKF (U.K.) Limited and SKF Forvaltning AB to Aktiebolaget SKF through off-market transactions.
SKF India has strengthened its senior management team with multiple key appointments approved by the Board of Directors on September 30, 2025, based on Nomination and Remuneration Committee recommendations. The appointments include Ms. Bhavna Panigrahi as Interim HR Head for Automotive India, Ms. Kshipra Khairnar as Head - Legal Counsel, and Mr. Alagesan Thasari as Head - Automotive Business, all joining the senior management team. The company has also organized analyst and institutional investor plant visits on November 7, 2025, and published its Q2 FY26 unaudited financial results for both standalone and consolidated operations, demonstrating continued operational transparency and stakeholder engagement following the successful demerger completion.
