This is a regulatory disclosure filed by Schaeffler India Limited with the BSE and NSE, providing an update on the legal situation involving its CEO & Managing Director, Mr. Harsha Gopal Kadam.
The disclosure serves as an update to a previous filing made on October 20, 2026, which informed the exchanges that Mr. Kadam had been taken into custody for investigation by the Talegaon MIDC Police Station, Pimpri Chinchwad Police Commissionerate.
The key update is that the Authority (Talegaon MIDC Police Station) has suo moto dropped the charges under Section 105 of the Bharatiya Nyaya Sanhita, 2023 against Mr. Kadam. This was the only non-bailable offence alleged against him.
As a result, Mr. Kadam was released from the custody of the Authority on a bail bond on October 22, 2026. This release was pursuant to an order from the Judicial Magistrate First Class, Vadgaon Maval, Pune.
The company has also been informed that Mr. Kadam has filed a Criminal Application before the Hon'ble High Court of Bombay. The primary purpose of this application is to seek the quashing of the Authority's investigation against him.
The Hon'ble High Court has issued an interim order dated October 23, 2026. This order has stayed further investigation against Mr. Kadam and has directed the Authority not to file any chargesheet or supplementary chargesheet against him. The disclosure notes that a copy of this interim order is awaited by Mr. Kadam.
The letter is signed by Ashish Tiwari, General Counsel & Company Secretary, in his capacity as a key managerial personnel of Schaeffler India Limited.