SKF India's demerger scheme approved by NCLT

On September 26, 2025, the National Company Law Tribunal (NCLT), Mumbai Bench, approved the scheme of arrangement between SKF India Limited and SKF India (Industrial) Limited. This scheme facilitates the demerger of SKF India Limited's industrial business into SKF India (Industrial) Limited, a wholly-owned subsidiary incorporated on December 17, 2024. The board of directors of both companies approved the scheme on December 26, 2024.

Shareholders of the demerged company as of the record date will receive 1 fully paid-up share of the resulting company (₹10 face value) for every 1 fully paid-up share of the demerged company (₹10 face value) held. These new shares of the resulting company will be listed on BSE and NSE. The share entitlement ratio was deemed fair by PwC Business Consulting Services LLP.

Regulatory bodies, including BSE and NSE, provided "no adverse observations" or "no objection" to the scheme. The Income Tax Department also submitted no objection. The Reserve Bank of India also had no adverse comments.