SKF India Announces Final Dividend Recommendation, Approves FY 2026 Results, and Key Management Appointments

SKF India Announces Final Dividend Recommendation, Approves FY 2026 Results, and Key Management Appointments​

SKF India Limited announced several key corporate actions following its Board of Directors meeting held on May 13, 2026. The board reviewed the financial results for the fiscal year ended March 31, 2026, recommended a final dividend, and confirmed changes in key managerial personnel and auditor appointments.

Financial Results and Dividend Recommendation​

The Board of Directors approved the Unaudited and Annual Audited Financial Results (Standalone and Consolidated) for the financial year ended March 31, 2026. The statutory auditors, M/s Deloitte Haskins & Sells LLP, issued Limited Review Reports/Audit Reports with an unmodified opinion on the results.

The board also approved the following financial statements as of March 31, 2026:

• Standalone and Consolidated Statement of Assets and Liabilities.
• Standalone and Consolidated Cashflow statement.

Regarding shareholder returns, the Board recommended a final dividend of Rs. 40/- per equity share for the financial year ended March 31, 2026. This dividend is subject to the approval of the members at the ensuing Annual General Meeting (AGM) and is slated for disbursement within 30 days from the AGM date.

Key Personnel and Governance Changes​

SKF India announced significant changes in its senior management team.

Effective May 14, 2026, Ms. Aashi Arora resigned from her role as Interim Chief Financial Officer (Interim CFO), citing the conclusion of her interim assignment and a change in role within the organization.

The board subsequently approved the appointment of Mr. Mayank Holani as the Chief Financial Officer (CFO) of the company, effective May 14, 2026. Mr. Holani is not related to any of the Directors or Promoters.

Additionally, the company approved the appointment of Mr. Prahlada GirishKumar, Head - Strategy and Special Projects, to the Senior Management Team, effective May 14, 2026.

In terms of statutory audits, the Board approved the appointment of M/s Joshi Apte and Associates (Cost Accountants) as the Cost Auditors for the Financial Year 2025-26.

Annual General Meeting Details​

The 65th Annual General Meeting (AGM) for the Financial Year 2025-26 is scheduled to be held on Friday, August 14, 2026, at 1:00 p.m. (IST), via Video Conferencing/Other Audio-Visual Means.

Key dates set for the ensuing AGM include:

• Record Date (for AGM and Dividend): Friday, July 3, 2026.
• E-voting Cut-off Date: Friday, August 7, 2026.
• Remote E-Voting Period: Commencing Tuesday, August 11, 2026, at 9:00 a.m. (IST) and ending Thursday, August 13, 2026, at 5:00 p.m. (IST).

Furthermore, Mr. Jayavant B Bhave of M/s J B Bhave & Co., Practicing Company Secretaries, Pune, was appointed as the scrutinizer for the e-voting process.

SKFINDIA Stock Price Movement​

On Wednesday, SKF India Limited shares rallied, gaining 3.01% to settle at ₹1692.8. The equity saw notable trading activity, concluding the session with a total volume of 41,310 shares.