The board has approved the allotment of 4,94,37,963 fully paid-up equity shares to shareholders of SKF India, as of the record date, October 15, 2025, pursuant to the Scheme of Arrangement for SKF India (Industrial) Limited. The board also noted the cancellation and reduction of the existing share capital of SKF India (Industrial) Limited.
Share Allotment Approval
The Board of Directors has approved the allotment of 4,94,37,963 fully paid-up equity shares, each with a face value of ₹10, of SKF India (Industrial) Limited to the equity shareholders of SKF India. This allotment is effective for shareholders holding shares as of the record date, October 15, 2025, as part of the Scheme of Arrangement.
Cancellation of Existing Shares
The board also noted the cancellation and reduction of the pre-Scheme paid-up share capital of SKF India (Industrial) Limited. This consisted of 10,000 fully paid-up equity shares with a face value of ₹10 each, previously held entirely by SKF India.
Listing Application
SKF India (Industrial) Limited will apply for the listing of its equity shares on both the BSE Limited and the National Stock Exchange of India Limited. These shares will remain frozen until trading permission is granted by the Stock Exchanges.
Source: BSE
