Document Overview

SKF India (Industrial) Limited has submitted its Annual Report for FY 2025-26 to BSE and NSE in compliance with SEBI Listing Regulations, along with the Notice of 2nd Annual General Meeting scheduled for 13th August 2026. The documents cover both financial performance following the recent demerger and seek shareholder approval for material related party transactions.

Key Financial Performance (FY 2025-26)

  • Revenue from Operations: INR 34,403.6 million (including INR 9,457.2 million in Q4 with 9.8% QoQ growth)
  • Total Income: INR 34,994.8 million
  • Profit Before Tax: INR 2,212.7 million
  • Profit After Tax: INR 2,176.7 million
  • EBITDA Margin: 13.0%
  • Earnings Per Share: INR 44.0
  • ROCE: 28.2%
  • Book Value per Share: INR 298.7
  • Exceptional Items: Loss of INR 1,961.0 million (related to demerger costs)

Demerger Details

The demerger of SKF India Limited's Industrial business became effective on 1st October 2025, with SKF India (Industrial) Limited listing on stock exchanges on 5th December 2025. Shareholders received 1 share of SKF India (Industrial) for every 1 share held in SKF India Limited.

Material Related Party Transactions

The Board seeks shareholder approval for material RPTs with six SKF Group entities totaling INR 49,239 million for FY 2026-27:

  • SKF GmbH: Up to INR 6,400 million
  • SKF Engineering & Lubrication India: Up to INR 12,071 million (including loan of INR 2,500 million)
  • SKF Sverige AB: Up to INR 4,125 million
  • AB SKF (Ultimate Holding Company): Up to INR 4,647 million
  • SKF India Limited: Up to INR 18,180 million
  • SKF Asia Pacific Pte Ltd: Up to INR 3,816 million

All transactions are conducted at arm's length basis and in ordinary course of business, complying with SEBI Circulars 2025/93 and 2025/135 that introduced new Industry Standards for RPT disclosures.

Dividend Declaration & Capital Structure

The Board recommended a final dividend of INR 10 per equity share for FY 2025-26, subject to shareholder approval. Record date for dividend eligibility is 3rd July 2026, with payment on or after 17th August 2026.

Capital Structure: Paid-up share capital of INR 494.38 million consisting of 49,437,963 equity shares of INR 10 each.

Operational & Sustainability Highlights

  • Manufacturing Capacity: 63.5 million bearings across Pune facility
  • Distribution Network: 120+ distributors across India
  • Employees: 941 employees with 100% retention rate
  • Energy: 97% renewable energy usage (51.55 GWh total)
  • GHG Emissions Intensity: 379.39 tCO₂e
  • Waste Recycled: 2,257.8 MT
  • Localization Level: 60% current, targeting 75%

Investment Plans & Expansion

The company plans investments of INR 8,000-9,500 million through 2030, including development of a new 'Factory of the Future' manufacturing facility in Pune by 2028.

AGM Details & Resolutions

Date: 13th August 2026 at 3:00 PM IST

Mode: Video Conferencing/Other Audio Visual Means

Key Resolutions:

  • Adoption of financial statements
  • Dividend declaration
  • Approval of material RPTs
  • Appointment of auditors
  • Special resolution for excess director remuneration to Mr. Gopal Subramanyam (INR 2,833,724)
  • Approval of cost auditor remuneration (INR 250,000 for Joshi Apte & Associates)

Governance Structure

Board Composition: 6 directors (2 executive, 2 non-executive non-independent, 2 non-executive independent)

Key Managerial Personnel: Mukund Vasudevan (Managing Director), Sujeeth Pai (Whole-Time Director), Ashish Saraf (CFO), Poorva Bang (Company Secretary)

Auditors: Deloitte Haskins & Sells LLP (Statutory), J. B. Bhave & Co. (Secretarial), Joshi Apte & Associates (Cost)

All material related party transactions require prior approval of Audit Committee/Independent Directors and will be reviewed quarterly, with any modifications requiring fresh shareholder approval.