SKF India reports off-market share transfer among promoter entities

SKF India Limited has reported the transfer of 3,326,004 equity shares, representing 6.73% of the company's total shareholding capital, among its promoter group. The transaction involved Aktiebolaget SKF acquiring shares from SKF (U.K.) Limited and SKF Förvaltning AB. This off-market transfer, which occurred on October 1, 2025, is considered an inter-se transfer among promoters and is exempt under Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The company confirmed that there was no monetary consideration for the transfer, as it was structured as a dividend in kind distribution by the selling entities to AB SKF. The aggregate shareholding of the promoter and promoter group remains unchanged after this internal restructuring. Associated regulatory filings, including reports under Regulations 10(5), 10(6), and 10(7), along with a fee of INR 1,77,000, have been duly submitted to regulatory bodies.