SKP Bearing Industries Approves AGM Dates, Reappoints Key Directors and Selects New Statutory Auditors

SKP Bearing Industries Approves AGM Dates, Reappoints Key Directors and Selects New Statutory Auditors​

SKP Bearing Industries Limited, previously known as SKP Bearing Industries Pvt. Ltd., announced several key outcomes following the Board of Directors meeting held on August 25, 2026. The meeting saw the approval of the agenda for the company's 5th Annual General Meeting (AGM) and significant appointments related to the company's financial and corporate governance structure.

The Board meeting determined the details of the 5th Annual General Meeting, set for Thursday, September 17, 2026, at 3:00 p.m. (IST). The meeting will be held physically at the company's Registered Office in Surendranagar, Gujarat.

Key resolutions approved during the Board meeting included the re-appointment of Mrs. Sangita Shrinand Palshikar, a Director, who retires by rotation. Additionally, the Board approved the revision in the remuneration payable to Mr. Shrinand Kamlakar Palshikar, Chairman & Managing Director, and Mrs. Sangita Shrinand Palshikar, Director, pending approval by the Members at the AGM. The Board also approved the proposed material related party transactions for Member approval.

New Auditors and Governance Structure​

The Board of Directors made decisions regarding the company's financial oversight and governance bodies.

M/s Jain P.C. and Associates, a Chartered Accountants firm, was appointed as the Statutory Auditors of SKP Bearing Industries Limited. This appointment replaces the retiring Statutory Auditors, M/s Dipak P. Shah & Co. The new auditors will serve a term of five consecutive years, commencing from the conclusion of the 5th Annual General Meeting until the conclusion of the 10th Annual General Meeting, subject to Member approval.

The details of the change in auditors are as follows:


The Board also reconstituted the Audit Committee and appointed M/s M K Chokshi & Associates, Practising Company Secretaries, Ahmedabad, as the Secretarial Auditor for the financial year 2026-27. These appointments were made pending formal Member approval.

E-Voting and Annual General Meeting Details​

M/s M K Chokshi & Associates was also appointed as the Scrutiniser for conducting the remote e-voting and the voting at the Annual General Meeting. The remote e-voting period was approved to run from Monday, September 14, 2026, at 9:00 a.m., until Wednesday, September 16, 2026, at 5:00 p.m. The cut-off date for e-voting is Thursday, September 10, 2026.

The composition of the reconstituted Audit Committee, effective from the Board meeting date, includes Mr. Gautam Ganguly (Chairman, Independent Director), Mr. Rajeev Lokare (Member, Independent Director), and Mrs. Sangita Palshikar (Member, Non-Executive Director).

The Notice of the 5th Annual General Meeting, along with the Annual Report for the financial year 2025-26, will be made available on the company's website.

SKP Stock Price Movement​

Shares of SKP Bearing Industries Limited are edging higher to ₹155.9 as of 3:11 PM today, marking a 1.53% gain on the trading floor. The stock sees current activity at a volume of 1,500 shares.