Ashish Saraf, Chief Financial Officer (CFO) of SKF India Limited, has resigned from his position. The resignation, tendered on September 30, 2025, is attributed to the company’s restructuring efforts related to an upcoming demerger. Saraf’s departure is effective from the close of business hours on the same day, marking a significant change in the company’s management team.
CFO Departure Announced
SKF India Limited has announced the resignation of its Chief Financial Officer (CFO), Mr. Ashish Saraf, effective September 30, 2025. The announcement was made following a Board of Directors meeting held on the same day.
Reason for Resignation
The resignation of Mr. Saraf is due to restructuring within the company’s management team. This restructuring is directly related to the planned demerger of the company. The company has stated that there are no other material reasons for his departure.
Effective Date
Mr. Saraf’s resignation is effective from the close of business hours on September 30, 2025. The company has acknowledged his contributions and is proceeding with necessary formalities related to his departure.
Source: BSE
