Schaeffler India Limited — Important, 08-01-2025: General Updates

Mr. Aashish Bhatia, President of Automotive Technologies at Schaeffler India Limited, has separated from the company as part of an internal organizational restructuring. This decision, effective from the close of business on January 8, 2025, marks a significant change in the executive leadership team, as his role has become redundant. Despite this transition, no material reasons for his departure have been disclosed. Investors should monitor the situation closely, as this restructuring could indicate shifts in company strategy and management dynamics, potentially impacting operational effectiveness and future growth prospects.