SKF India Industrial Share Price Today

SKF India Industrial seeks approval for Sujeeth Pai as managing director

SKF India (Industrial) seeks shareholder approval for Sujeeth Pai as Managing Director from September 1, 2026. Mukund Vasudevan to be appointed as Non-Executive Director following his tenure as MD since October 2025. E-voting for shareholders on record as of September 4, 2026 runs from September 16 to October 15, 2026. Pai's remuneration includes basic salary of INR 81.57 lakh and flexible pay plan of INR 96.41 lakh per annum.

SKF India appoints Sujeeth Pai as Managing Director effective September 1

Sujeeth Pai appointed as Managing Director effective September 1, 2026. Succeeds Mukund Vasudevan, who resigned as MD due to internal role change. Vasudevan continues as Non-Executive, Non-Independent Director. Appointment subject to shareholder approval within three months. Pai brings over 20 years of experience in driving growth and profitability.

SKF India Industrial Q1 net profit falls 14% as costs outpace revenue growth

SKF India (Industrial) Ltd reported a 13.8% YoY decline in Q1 net profit to ₹619.2 million, despite an 18.3% rise in revenue to ₹9,707.7 million, as expenses surged 21.7%. The margin pressure was attributed to a ₹150 million IT demerger cost and ₹147 million forex loss. The firm announced a ₹20/share interim dividend and plans to invest ₹900-950 crore in a new Pune plant by 2028.

SKF India Industrial appoints Anagha Godse as internal auditor

SKF India (Industrial) Limited appointed Ms. Anagha Godse as Internal Auditor on August 11, 2026, following Audit Committee recommendation. Ms. Godse is a CMA and Certified Fraud Examiner with around 27 years of experience in internal controls and risk management. The appointment was disclosed under Regulation 30 of SEBI LODR.

SKF India (Industrial) Ltd approves Pune branch office opening

SKF India (Industrial) Limited has approved the opening of a branch office in Pune, Maharashtra. The Board meeting on August 11, 2026, sanctioned the location at Millennium Towers in Wakad. This move strengthens the company's footprint in a major industrial region.

SKF India Industrial appoints Sujeeth Pai as Managing Director

SKF India (Industrial) Limited has appointed Sujeeth Pai as Managing Director, effective September 1, 2026, succeeding Mukund Vasudevan. The Board approved the five-year term on August 11, 2026, subject to shareholder ratification within three months as per SEBI regulations.