SKF India Industrial allots shares after demerger scheme approval

SKF India (Industrial) Limited, the resulting company from a scheme of arrangement with SKF India Limited, announced on October 17, 2025, the allotment of 4,94,37,963 fully paid-up equity shares. These shares, with a face value of ₹10/- each, were issued to the equity shareholders of SKF India Limited (the demerged company) who held shares as of the record date of October 15, 2025. This move is part of the demerger scheme executed under Sections 230 to 232 of the Companies Act, 2013.

Concurrently, the resulting company's pre-scheme paid-up share capital, consisting of 10,000 fully paid-up equity shares with a face value of ₹10/- each, has been cancelled and reduced. These shares were entirely held by the demerged company prior to the arrangement.

SKF India (Industrial) Limited will now proceed with necessary applications to list its equity shares on both the BSE Limited and the National Stock Exchange of India Limited. The newly allotted shares will remain frozen, and trading permission will be pending until regulatory approval from the stock exchanges is granted.