Change in Director / Key Managerial Personnel

Nature of change: Appointment as Non-Executive, Non-Independent Director following resignation from Managing Director position.

Name and DIN: Mr. Mukund Vasudevan (DIN: 05146681)

Effective date and tenure: Resigned as Managing Director effective closure of business hours 31st August 2026. Appointed as Non-Executive, Non-Independent Director effective 1st September 2026. Terms as per the Agreement/Company Policy.

Brief profile and qualifications:

  • Qualifications & Certifications: Bachelor of Technology from Indian Institute of Technology (IIT), Mumbai; MBA in Finance and Strategy, University of Chicago
  • Overall Experience: Entrepreneurial and result-oriented executive with 25+ years of experience in P&L management, strategy development, sales and M&A in India, the Middle East and USA
  • Strong commercial and operational skills
  • Collaborative leader with a track record of building high-performance teams

Relationship with other directors: Mr. Mukund Vasudevan is not related to any of the Directors and Key Managerial Personnel or Promoters of the Company.

Previous KMP: Mr. Vasudevan previously held the position of Managing Director of the Company until his resignation effective 31st August 2026.

Key Financial or Operational Approvals

Decisions taken: Shareholders approved the appointment of Mr. Mukund Vasudevan as Non-Executive, Non-Independent Director by way of Postal Ballot. Voting results were declared on 15 October 2026.

The Board of Directors had previously approved this appointment on 11th August 2026 based on the recommendation of the Nomination and Remuneration Committee.

Strategic or Business Context

No specific business outlook, risks, trends, or strategic context disclosed in this filing.

Any Other Material Information

Regulatory compliance: This disclosure is made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with clause 7 of Para A of Part A of Schedule III and other applicable provisions of SEBI LODR and the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026.

Company details:

  • NSE Scrip Code: SKFINDUS
  • BSE Scrip Code: 544572
  • Compliance Officer: Poorva Bang, Company Secretary & Compliance Officer

Reference documents: The company references previous intimations dated 11th August 2026 and 1st September 2026 regarding this appointment.