SKF India sets record date for demerger share allotment

SKF India Limited has announced October 15, 2025, as the record date for its scheme of arrangement with SKF India (Industrial) Limited. This follows the National Company Law Tribunal's sanction of the demerger, with an effective date of October 1, 2025.

Under the scheme, eligible shareholders of SKF India Limited will receive one fully paid-up equity share of INR 10 in SKF Industrial for every one fully paid-up equity share of INR 10 they hold in SKF India. The new shares are proposed to be listed on both BSE Limited and the National Stock Exchange of India Limited, subject to regulatory approvals.

Shareholders whose names appear in the company’s register of members or depository records on the record date will be entitled to receive these equity shares. This move aims to streamline operations and unlock value for shareholders.