SKF India Limited — Others, 07-06-2025: Shareholders meeting

SKF India Limited has announced a board meeting to hold a virtual shareholders meeting for approving a Scheme of Arrangement to demerge its Industrial Business into its wholly owned subsidiary, SKF India (Industrial) Limited. This separation of automotive and industrial segments aims to enhance management focus, operational efficiency, and unlock shareholder value. Post-demerger, shareholders will receive equivalent shares in the new company, which will be listed on major exchanges. Employee transitions will be seamless, and there is no expected impact on shareholding, creditors, or stakeholders. Voting will occur via remote e-voting and at the meeting.