Schaeffler India has provided an update regarding its CEO, Mr. Harsha Gopal Kadam. The Authority has dropped non-bailable charges, and Mr. Kadam has been released on bail. Crucially, the Hon’ble High Court of Bombay has issued an interim order staying further investigation and preventing the filing of any chargesheets against him.
Update on CEO Investigation
Schaeffler India Limited has issued a disclosure concerning its CEO and Managing Director, Mr. Harsha Gopal Kadam. Following an investigation initiated by the Talegaon MIDC Police Station, the Authority has dropped the non-bailable charges under Section 105 of Bharatiya Nyaya Sanhita, 2023, which were previously alleged against Mr. Kadam. He has since been released from custody on bail, effective October 22, 2026, following an order from the Judicial Magistrate First Class, Vadgaon Maval, Pune.
High Court Interim Order
Further to these developments, Mr. Kadam has filed a Criminal Application before the Hon’ble High Court of Bombay. In a significant development, the High Court has granted an interim order dated October 23, 2026. This order stays any further investigation against Mr. Kadam and prohibits the Authority from filing any chargesheet or supplementary chargesheet concerning the matter. Schaeffler India is awaiting a copy of this interim order.
Source: BSE
