Key Quantitative Figures

  • Final Dividend: ₹10 per equity share (face value ₹10 each) for FY25-26
  • Dividend Record Date: 3rd July 2026
  • Dividend Payment Date: On or before 30 days from declaration (by 17th August 2026)
  • Cost Auditor Remuneration: ₹250,000 plus applicable taxes for FY26-27
  • Director Remuneration: ₹2,833,724 for Mr. Gopal Subramanyam (exceeding 50% of total non-executive director remuneration)

Material Related Party Transaction Limits

  • SKF GmbH: MAXR 6,400 for administrative services, purchase/sale of goods
  • SKF Engineering & Lubrication India: MAXR 12,071 (includes loan of MAXR 2,500)
  • SKF Sverige AB: MAXR 4,125 for administrative services, purchase/sale of goods
  • SKF AB SWEDEN: MAXR 4,647 for royalty, trademark fees, IT services, purchase/sale of goods
  • SKF India Limited: MAXR 18,180 for various services including ISA services, reimbursements
  • SKF Asia Pacific Pte Ltd: MAXR 3,816 for administrative services, purchase/sale of goods

Dates of Action

  • AGM Date: Thursday, 13th August 2026 at 3:00 PM IST
  • Cut-off Date for E-voting: 6th August 2026
  • Remote E-voting Period: 9th August 2026 (9:00 AM) to 12th August 2026 (5:00 PM)
  • Record Date for Dividend: 3rd July 2026
  • Question Submission Deadline: 2nd August 2026

Parties Involved

  • Related Parties: SKF GmbH, SKF Engineering & Lubrication India Private Limited, SKF Sverige AB, SKF AB SWEDEN, SKF India Limited, SKF Asia Pacific Pte Ltd
  • Auditors: M/s J.B. Bhave & Co. (Secretarial Auditor), M/s Joshi Apte and Associates (Cost Auditor)
  • Scrutinizer: Mr. Jayavant B Bhave of M/s J.B. Bhave and Co
  • E-voting Service Provider: National Securities Depository Limited (NSDL)

Resolutions to be Considered

Ordinary Business

1. Adoption of Audited Standalone Financial Statements for FY25-26

2. Declaration of final dividend of ₹10 per share

3. Re-appointment of Mr. Sujeeth Pai (DIN: 07763929) as Whole Time Director

Special Business

4. Appointment of M/s J.B. Bhave & Co. as Secretarial Auditor for 5 years (FY26-27 to FY30-31)

5. Approval of material RPT with SKF GmbH (MAXR 6,400)

6. Approval of material RPT with SKF Engineering & Lubrication India (MAXR 12,071 including loan)

7. Approval of material RPT with SKF Sverige AB (MAXR 4,125)

8. Approval of material RPT with SKF AB SWEDEN (MAXR 4,647)

9. Approval of material RPT with SKF India Limited (MAXR 18,180)

10. Approval of material RPT with SKF Asia Pacific Pte Ltd (MAXR 3,816)

11. Approval of remuneration for Cost Auditors for FY26-27

12. Approval of remuneration for Mr. Gopal Subramanyam exceeding 50% limit

Voting Procedures

  • Meeting to be held through Video Conferencing/Other Audio Visual Means
  • Remote e-voting available from 9th to 12th August 2026
  • NSDL appointed as e-voting service provider
  • Physical shareholders can vote using EVEN number followed by folio number
  • Demat shareholders can vote through NSDL/CDSL platforms

Additional Information

  • Company incorporated on 17th December 2024 (CIN: L28140PN2024PLC236396)
  • The company resulted from demerger of SKF India Limited's industrial business with appointed date of 1st October 2025
  • Equity shares allotted to SKF India shareholders in 1:1 ratio on 17th October 2025

Financial Impact

All related party transactions are stated to be in ordinary course of business at arm's length basis. The financial impact of individual transactions is quantified in the respective annexures with detailed breakdowns of transaction types and values.