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SKF India (Industrial) Limited (SKFINDUS) — Corporate Action | 11 August 2026(2 announcements)

· NSE 🔴 High Importance Neutral
By StockFin Research Team • AI-Assisted Analysis • Source: BSE/NSE Filings
1 Corporate Action 🔴 High Importance Neutral 📄 PDF
📢 Key Event
Interim dividend declared and director changes announced
🔄 What Changed
Dividend of ₹20/share (200% yield) and appointment of Mukund Vasudevan as Non-Executive Director
🔮 What's Next
Appointment of Mukund Vasudevan as Non-Executive Director effective September 1, 2026
💡 Investor Takeaway
The interim dividend offers a 200% yield on face value, providing immediate cash return to shareholders.

SKF India announced an interim dividend of Rs 20 per share for FY 2026-27, declared on August 11, 2026, with a record date of August 17, 2026. The Board also approved the appointment of Mukund Vasudevan as Non-Executive Director effective September 1, 2026, following his resignation as Managing Director on August 31, 2026, and the elevation of Sujeeth Pai to Managing Director. The unaudited Q1 results showed revenue of ₹9,803.2 crores, profit before tax of ₹869.2 crores, and a 200% dividend yield on face value.

2 Corporate Action 🔴 High Importance Neutral 📄 PDF
📢 Key Event
Board approved Q1 FY27 results, interim dividend, and leadership changes
🔄 What Changed
Approved interim dividend of Rs 20/share; Mr Mukund Vasudevan resigned as Managing Director effective 31 August 2026; Mr Sujeeth Pai promoted to Managing Director effective 1 September 2026
🔮 What's Next
Company will seek shareholder approval for Mr Sujeeth Pai's appointment within 3 months of appointment
💡 Investor Takeaway
The interim dividend signals confidence in near-term cash flow, while leadership reshuffle may impact governance continuity.

SKF India announced its Q1 FY27 unaudited results, approved an interim dividend of Rs 20 per share (200% face value) with record date 17 August 2026, and saw Mr Mukund Vasudevan resign as Managing Director effective 31 August 2026, while being appointed as Non-Executive Director and Mr Sujeeth Pai promoted to Managing Director effective 1 September 2026.

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About SKF India (Industrial) Limited (SKFINDUS)

Capital Goods · Bearings · Listed on NSE

Market Cap: ₹14,600.27 Cr P/E: 70.3 ROE: 14.1% ROCE: 14.3% Div Yield: 0.34%

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🔥 Also filed on 11 August 2026

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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