STOCKWATCH

SKF India Ltd Schedules Board Meeting to Approve Demerger of Industrial Business

SKF India Ltd has informed the BSE that the company's Board of Directors will meet on 26th December 2024 to consider and approve a Scheme of Arrangement for the demerger of the company's Industrial business. This decision is in line with the in-principle approval given during the Board Meeting on 8th October 2024. The demerger will involve SKF India Limited and its wholly owned subsidiary, SKF India (Industrial) Limited, and their respective shareholders and creditors. The company requests that this information be taken on record.

• SKF India Ltd scheduled a Board Meeting on 26th December 2024 to consider and approve a Scheme of Arrangement for the demerger of its Industrial business.
• The decision aligns with the in-principle approval given during the Board Meeting on 8th October 2024.
• The demerger involves SKF India Limited and its wholly owned subsidiary, SKF India (Industrial) Limited, and their respective shareholders and creditors.
• This is a significant step in the company's strategic plan.
• The company has requested that this information be taken on record.