Meeting Details

The 2nd AGM was held on Thursday, 13th August 2026 at 15:00 Hrs (IST) through Video Conferencing/Other Audio-Visual Means (VC/OAVM). The meeting commenced at 15:00 Hrs and concluded at 16:55 Hrs (IST).

Attendance

The following Directors and Key Managerial Personnel were present:

  • Mr. Gopal Subramanyam, Independent Director and Chairperson of the Board
  • Ms. Anu Wakhlu, Independent Director
  • Mr. Mukund Vasudevan, Managing Director
  • Mr. Sujeeth Pai, Whole Time Director
  • Mr. Ajay Naik, Non-Executive and Non-Independent Director
  • Mr. Karl Robin Joakim Landholm, Non-Executive and Non-Independent Director
  • Mr. Ashish Saraf, Chief Financial Officer
  • Ms. Poorva Bang, Company Secretary and Compliance Officer

Proceedings Summary

The meeting was chaired by Mr. Gopal Subramanyam. The Company Secretary confirmed requisite quorum was present. Representatives of Statutory Auditors, Secretarial Auditors, and Cost Auditors were also present.

The Annual Report for FY 2025-26 along with AGM Notice was dispatched to members electronically on 16th July 2026 and available on the company website.

Voting Process

Remote e-voting was conducted from 9th August 2026 (9:00 am IST) to 12th August 2026 (5:00 pm IST). Mr. Jayavant Bhave of M/s. J.B. Bhave & Co., Company Secretaries was appointed as Scrutinizer. E-voting facility was also available during the meeting for shareholders who hadn't voted remotely.

Cut-off date for determining members entitled to vote was 6th August 2026.

Resolutions Considered and Voting Results

Ordinary Business:

1. Adoption of Audited Standalone Financial Statements for FY 2025-26 - PASSED

  • Votes in favour: 40,962,973 (99.9980%)
  • Votes against: 802 (0.0020%)

2. Declaration of final dividend of ₹10 per equity share (face value ₹10) - PASSED

  • Votes in favour: 40,963,099 (99.9981%)
  • Votes against: 797 (0.0019%)

3. Re-appointment of Mr. Sujeeth Pai (DIN: 07763929) as Director retiring by rotation - PASSED

  • Votes in favour: 40,925,381 (99.9060%)
  • Votes against: 38,515 (0.0940%)
Special Business:

4. Appointment of M/s J.B. Bhave & Co. as Secretarial Auditor for FY 2026-27 to 2030-31 - PASSED

  • Votes in favour: 40,794,540 (99.5866%)
  • Votes against: 169,356 (0.4134%)

5. Material Related Party Transactions with SKF GmbH - PASSED

  • Votes in favour: 14,807,191 (98.9003%)
  • Votes against: 164,646 (1.0997%)

6. Material Related Party Transactions with SKF Engineering and Lubrication India Private Limited - PASSED

  • Votes in favour: 14,807,191 (98.9003%)
  • Votes against: 164,646 (1.0997%)

7. Material Related Party Transactions with SKF Sverige AB - PASSED

  • Votes in favour: 14,807,191 (98.9003%)
  • Votes against: 164,646 (1.0997%)

8. Material Related Party Transactions with SKF AB SWEDEN (Ultimate Holding Company) - PASSED

  • Votes in favour: 12,943,040 (86.4492%)
  • Votes against: 2,028,797 (13.5508%)

9. Material Related Party Transactions with SKF India Limited - PASSED

  • Votes in favour: 14,807,191 (98.9003%)
  • Votes against: 164,646 (1.0997%)

10. Material Related Party Transactions with SKF Asia Pacific Pte Ltd - PASSED

  • Votes in favour: 14,807,090 (98.8996%)
  • Votes against: 164,747 (1.1004%)

11. Remuneration of Cost Auditors for FY 2026-27 - PASSED

  • Votes in favour: 40,962,839 (99.9974%)
  • Votes against: 1,057 (0.0026%)

12. Remuneration payable to Mr. Gopal Subramanyam (DIN: 06684319) in excess of 50% of total annual remuneration to all Non-Executive Directors for FY 2025-26 - PASSED (Special Resolution)

  • Votes in favour: 40,799,027 (99.5975%)
  • Votes against: 164,669 (0.4025%)

Additional Documents

  • Summary of proceedings (Annexure A)
  • Combined voting results (Annexure B)
  • Consolidated Scrutinizer's Report dated 13th August 2026 (Annexure C)

All documents uploaded on company website: https://www.skf.com/in/investors/skf-india-industrial-ltd/shareholder-information