SKF India (Industrial) Limited (SKFINDUS) — Board Meeting | 13 August 2026(2 announcements)

SKF India (Industrial) Limited held its 2nd Annual General Meeting on 13 August 2026 via video conferencing, where shareholders approved the audited financial statements, declared a final dividend of ₹10 per share, appointed a new director to replace Sujeeth Pai, and ratified the appointment of J.B. Bhave & Co. as secretarial auditor for five years. All 12 resolutions passed with overwhelming majorities, including a special resolution for Non-Executive Director Gopal Subramanyam’s remuneration exceeding 50% of total Non-Executive Director pay. The meeting concluded at 16:55 IST after procedural compliance was confirmed.

SKF India announced the appointment of Sujeeth Pai as Managing Director effective September 1, 2026, subject to shareholder approval, following board and committee approval on August 11, 2026. Pai succeeds Mukund Vasudevan, who will transition to President of the Industrial Region for the SKF Group. The move creates separate leadership for regional strategy and India operations. Pai brings four years at SKF and prior leadership at Danfoss Drives India, Tektro nix, and Fluke, with an MBA from ISB and a Mechanical Engineering degree from P.E.S.I.T. Bangalore.