SKF India sees major promoter group share transfer

SKF India Limited reported the off-market transfer of 25,992,059 equity shares from Aktiebolaget SKF (AB SKF), the company’s promoter, to SKF Interim AB, a wholly-owned subsidiary of AB SKF. This transaction, representing 52.58% of SKF India's total shareholding capital, is an inter-se transfer within the promoter group and is exempt under Regulation 10(1)(a)(iii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The transfer, completed on December 22, 2025, involved no monetary consideration, as AB SKF made an unconditional and irrevocable shareholder's contribution of all its shares in SKF India to SKF Interim AB. Regulatory disclosures under Regulation 10(5) and 10(6) were submitted to NSE, BSE, and SKF India Limited on December 12 and December 23, 2025, respectively.

An application fee of INR1,50,000 plus GST of 18% (INR27,000), totaling INR1,77,000, was remitted via RTGS/NEFT on December 24, 2025. This ensures compliance with all necessary reporting requirements for the transaction.