Schaeffler India Limited — Important, 10-02-2025: General Updates

A penalty of ₹2.5 million (250,000 Cr) has been imposed on Schaeffler India Limited by the Central Ground Water Authority for not installing a functional digital water flow meter with telemetry and for failing to maintain a daily logbook of groundwater withdrawal. The penalty has been paid as of February 7, 2025. However, the company stated that this issue will not materially impact its financials, operations, or other activities, suggesting a stable outlook moving forward. Shareholders should note the company's compliance efforts and their potential implications for future operations.