Key Clarification and Correction

The company clarified that the previously submitted Consolidated Auditor's Report contained an inadvertent typographical error. The date of signing was incorrectly mentioned as 12th May 2026. The correct date of signing is 13th May 2026.

This correction is evidenced by the Unique Document Identification Number (UDIN: 26102637TDZPAO3148) generated for the report, which reflects the generation date and time as 13th May 2026 at 17:36:20.

The letter includes the updated Consolidated Auditor's Report with the corrected date as Annexure-A and a screenshot of the UDIN details as Annexure-B for verification.

Auditor's Report Details

The Independent Auditor's Report was issued by Deloitte Haskins & Sells LLP (Firm's Registration No. 117366W/W-100018). The signing partner was Kedar Raje (Membership No. 102637).

The report covers:

1. Audit of Annual Consolidated Financial Results for the year ended 31 March 2026.

2. Review of Quarterly Consolidated Financial Results for the quarter ended 31 March 2026.

Scope of Consolidated Results

The Consolidated Financial Results include the following entities:

| Sr. No. | Name of Entity | Nature |

| 1 | SKF India Limited | Parent |

| 2 | SKF India (Industrial) Limited (till 30 September 2025) | Subsidiary |

| 3 | Sunstrength Renewables Private Limited | Associate |

| 4 | Clean Max Taiyo Private Limited | Associate |

Auditor's Opinion and Conclusion

  • Annual Results (Audited): The auditor issued an unmodified opinion. The consolidated financial results for the year ended 31 March 2026 give a true and fair view and are presented in accordance with Regulation 33 of the SEBI (LODR) Regulations, 2015.
  • Quarterly Results (Reviewed): Based on their review, nothing came to their attention that causes them to believe that the quarterly consolidated financial results for the period ended 31 March 2026 contain any material misstatement.

Other Material Matters from Auditor's Report

  • The quarterly results (Q4) are presented as a balancing figure between the audited full-year figures and the published year-to-date figures up to the third quarter.
  • The results include unaudited financial information for the subsidiary, SKF India (Industrial) Limited, for the period from 1 April 2025 to 30 September 2025. The figures are immaterial to the Group (Total assets: ₹ Nil million, Total revenues: ₹ Nil, Net loss after tax: ₹ 1.3 million, Net cash flows: ₹ 0.5 million).
  • The results include the Group's share of the net loss after tax and other comprehensive loss for its associates, considered immaterial based on management's representation.
  • For one associate (unaudited by Deloitte): Net loss of ₹ 0.9 million (quarter) and ₹ 2.1 million (year); Other comprehensive loss of ₹ 0.9 million (quarter) and ₹ 2.1 million (year).
  • For another associate (audited by another auditor): Net result of ₹ 0.5 million loss (quarter) and ₹ 0.8 million profit (year); Other comprehensive result of ₹ 0.5 million loss (quarter) and ₹ 0.8 million income (year).

The report is not modified in respect of these matters.

Company Contact

Mayuri Kulkarni, Company Secretary & Compliance Officer, signed the disclosure on behalf of SKF India Limited.