Key Event Details

  • 65th Annual General Meeting scheduled for Friday, 14th August 2026 at 1:00 PM IST through Video Conferencing/Other Audio Visual Means
  • Record Date fixed as Friday, 3rd July 2026 for determining eligibility for final dividend for FY 2025-26
  • Cut-off date for voting eligibility: Friday, 7th August 2026
  • Remote e-voting period: Tuesday, 11th August 2026 (9:00 AM IST) to Thursday, 13th August 2026 (5:00 PM IST)

Dividend Information

  • Final dividend recommended: ₹40 per equity share of face value ₹10 each
  • Dividend payment to be made on or before 30 days from declaration date (by 31st August 2026 if approved)
  • Dividend taxable in hands of members with TDS applicable as per Income Tax Act

Agenda Items for AGM

Ordinary Business

1. Adoption of audited standalone and consolidated financial statements for FY ended 31st March 2026

2. Declaration of final dividend of ₹40 per equity share

3. Re-appointment of Mr. Magnus Lennart Prick (DIN: 11342653) as Non-Executive, Non-Independent Director retiring by rotation

Special Business

4. Approval of Material Related Party Transactions with SKF India (Industrial) Limited

  • Maximum aggregate value: ₹25,291 MINR
  • Transactions include: Reimbursements, ISA services, sales/purchase of goods, technical services, administrative services
  • Period: FY 2026-27 and up to next AGM or 15 months from 65th AGM, whichever is earlier
  • Requires ordinary resolution

5. Approval of Material Related Party Transactions with SKF GmbH

  • Maximum aggregate value: ₹4,701 MINR
  • Transactions include: Purchase of capital goods, raw materials, reimbursements, sales of goods, technical services
  • Period: FY 2026-27 and up to next AGM or 15 months from 65th AGM, whichever is earlier
  • Requires ordinary resolution

6. Ratification of Cost Auditor Remuneration

  • M/s. Joshi Apte and Associates (Firm Registration No: 000240)
  • Remuneration: ₹3,00,000 plus applicable taxes and out-of-pocket expenses
  • For cost audit of FY 2026-27
  • Requires ordinary resolution

7. Approval of Commission to Non-Executive Directors

  • Commission not exceeding 1% per annum of net profits
  • For five financial years commencing 1st April 2026 to 31st March 2031
  • In addition to sitting fees and expense reimbursements
  • Requires special resolution

8. Approval of Excess Remuneration to Mr. Gopal Subramanyam

  • Amount: ₹17,63,835
  • Exceeds 50% of total annual remuneration payable to all Non-Executive Directors for FY 2025-26
  • In addition to sitting fees and expense reimbursements
  • Requires special resolution

Shareholder Information

  • Annual report sent electronically to members with registered email addresses as of 3rd July 2026
  • Physical copies not dispatched in compliance with MCA and SEBI circulars
  • Members holding physical shares encouraged to convert to dematerialized form
  • Unpaid dividends for financial year 2018-19 to be transferred to Investor Education and Protection Fund

Voting Procedures

  • Members can vote remotely via NSDL e-Voting system from 11th to 13th August 2026
  • E-voting during AGM available for members who haven't voted remotely
  • Scrutinizer: Mr. Jayavant Bhave of M/s J B Bhave and Co
  • Results to be declared within 48 hours of meeting conclusion and posted on company website

Related Party Transaction Details

SKF India (Industrial) Limited

  • Subsidiary of AB SKF (promoter group company)
  • FY 2025-26 transactions: ₹9,338.4 MINR
  • Proposed FY 2026-27 limit: ₹25,291 MINR (67% of company's consolidated turnover)
  • Financial performance (FY 2025-26): Turnover ₹34,403.6 MINR, PAT ₹2,176.7 MINR, Net worth ₹14,768.5 MINR

SKF GmbH

  • Subsidiary of AB SKF (promoter group company)
  • FY 2025-26 transactions: ₹2,142.1 MINR
  • Proposed FY 2026-27 limit: ₹4,701 MINR (12% of company's consolidated turnover)
  • Financial performance (2025): Turnover ₹141,081 MINR, PAT ₹3,947 MINR, Net worth ₹91,138 MINR

Director Information

  • Mr. Magnus Lennart Prick (DIN: 11342653): 42 years, Swedish national, Master of Laws and BBA qualifications
  • Appointed additional director on 13th January 2026, approved by shareholders via postal ballot on 17th March 2026
  • Currently Acting Legal and Compliance Director Automotive Group Management at SKF
  • Holds no shares in the company