SKF India's promoter group to consolidate shareholding

Aktiebolaget SKF (AB SKF), the promoter of SKF India Limited, will transfer 25,992,059 equity shares, representing 52.58% of SKF India’s total shareholding capital, to SKF Interim AB. This off-market transaction is scheduled to occur on or before December 22, 2025. SKF Interim AB is a wholly-owned subsidiary of AB SKF and a member of the promoter group.

The transfer is an inter-se transaction between entities within the promoter group, falling under the exemption provided by Regulation 10(1)(a)(iii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This means the acquisition will not trigger an open offer. No monetary consideration is involved; instead, AB SKF will make an unconditional and irrevocable shareholder's contribution of all its shares in SKF India Limited to SKF Interim AB, in accordance with Swedish law.

Following the transaction, SKF Interim AB’s stake in SKF India Limited will increase from 0% to 52.58%, while Aktiebolaget SKF’s direct holding will become 0% from its current 52.58%. The disclosure confirms that the transferor and transferee have complied with all applicable disclosure requirements under Chapter V of the Takeover Regulations, 2011.