SKF India seeks shareholder approval for key transactions, appointments

SKF India Limited has initiated a postal ballot, dispatching a notice on October 13, 2025, to seek shareholder approval for several key proposals. This includes an ordinary resolution for material related party transactions (RPTs) with SKF India (Industrial) Limited, totaling up to INR 19,355m for the financial year 2025-26 and thereafter. These transactions, deemed essential for seamless post-demerger operations, cover various services and goods, including manufacturing support, interim services, and IT services.

Additionally, shareholders will vote on the appointment of shailesh kumar sharma as the new managing director for a five-year term, effective October 1, 2025, with an annual basic salary of INR 58,59,387 and a flexible pay plan of INR 1,02,05,963 per annum. Mukund vasudevan’s continuation as a non-executive director will also be put to an ordinary resolution.

The remote e-voting period for these resolutions will commence on Friday, October 17, 2025, at 9:00 am (IST) and conclude on Saturday, November 15, 2025, at 5:00 pm (IST). The cut-off date for determining eligible voters was October 3, 2025.