SKF India (Industrial) Limited has made a regulatory disclosure pursuant to Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11 November 2024.
The Board of Directors, in its meeting held on 11 August 2026, approved the change in designation of Mr. Sujeeth Pai (DIN: 07763929) from Whole-Time Director to Managing Director of the Company. This change is effective from 1 September 2026 and is subject to approval by the shareholders.
Mr. Pai will cease to be Whole-Time Director at the close of business hours on 31 August 2026. His appointment as Managing Director is for a period of five years, effective 1 September 2026, subject to shareholder approval pursuant to Section 203 of the Companies Act, 2013, read with Rule 8 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.
The company confirms that Mr. Pai is not debarred from holding the office of Director by any order from SEBI or other authorities. He is not related to any other Directors, Key Managerial Personnel, or Promoters of the Company.
Key Managerial Personnel Profile
Name: Mr. Sujeeth Pai
DIN: 07763929
Qualifications: Holds a Mechanical Engineering degree from P.E.S. College of Engineering and an MBA from ISB Hyderabad.
Experience: Over 20 years of multinational experience in driving business growth, profitability, and success through employee development, customer focus, and product development from concept to full delivery.
Role within SKF Group: The Managing Director role includes responsibilities within the broader SKF Group range of companies.