Schaeffler India CEO Custody for Factory Accident Investigation

Date: October 20, 2026

KMP / Board / Auditor Changes

Change in Key Managerial Personnel Status:

• Mr. Harsha Gopal Kadam, CEO & Managing Director of the Company, has been taken into custody for investigation.
• The custody was effected by the Talegaon MIDC Police Station, Pimpri Chinchwad Police Commissionerate.
• The effective time of custody was late evening on October 19, 2026, at approximately 06:40 p.m.
• The reason for custody is his role as the 'occupier' of the factory premises under applicable law, in relation to an investigation into a factory accident.

Other Operational / Legal / Strategic Disclosures

Nature of Legal Proceeding:

• The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, referencing SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
• The legal basis for the custody is the provisions of the Bharatiya Nyaya Sanhita, 2023 (BNS).

Background of the Incident:

• The investigation relates to an accident that occurred on the company's factory premises in Talegaon, Pune, on June 9, 2026.
• The accident involved a sudden CO₂ gas discharge during a scheduled cylinder replacement.
• The accident resulted in the loss of lives of two workers employed by the company's service provider.

Company's Stance and Impact:

• The company, its employees, and officers have been cooperating with the investigation and will continue to do so.
• The senior management of the company continues to be in-charge of the day-to-day management.
• The business operations of the company continue in the ordinary course.
• The company is evaluating the developments in consultation with its legal advisors.
• The company states it has complied and continues to comply with all applicable laws and will take all necessary steps in accordance with the law to resolve the situation.
• The disclosure states there is no estimated financial amount involved (Not Applicable).
• The disclosure states that reporting to other authorities is Not Applicable.

Not Specified:

Financial Results, Dividend Declaration, Board Meeting Outcomes, Auditor’s Report, Disinvestment / Strategic Actions, Media Release / Investor Communication.