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SKF India (Industrial) MD, chairman and AGM

NSE: SKFINDUSBSE: 544572Industrial ProductsSmall Cap

SKF India (Industrial) Limited · Face value ₹10 · Listed Dec 2025
Last close ₹2,368.40down ₹74.20 (3.04%)BSE ₹2,374.60

Share price at the NSE close on 30 Oct 2026. Previous close ₹2,442.60.

30 Oct: open ₹2,442.60, high ₹2,442.60, low ₹2,353.00

Range of traded prices from listing on 5 Dec 2025 to 30 Oct 2026
₹1,994.10Low, 13 May 2026₹3,218.70High, 18 Sep 2026
Market cap
₹11,709 Cr509th largest listed
P/E
No full year
P/B
7.93
Dividend yield
1.27%
Debt to equity
0.00
Volume, NSE
12,39450.8% delivered

SKF India (Industrial)'s chairperson is Gopal Subramanyam and its managing director Mangalore Sujeeth Pai, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 13 Aug 2026.

SKF India (Industrial) board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.

  • ChairpersonGopal Subramanyam
  • Managing directorMangalore Sujeeth Pai
  • Company Secretary and Compliance OfficerPoorva Bang

6 directors2 independent1 executive3 non-executive

  • Gopal Subramanyam · ChairpersonIndependent · joined Oct 2025 · 12 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 2 as chair
  • Anu Arun WakhluIndependent · joined Oct 2025 · 12 months as independent · 4 listed boards · 4 as independent · 5 committee seats, 2 as chair
  • Mukund VasudevanNon-executive · joined Dec 2024 · 1 listed board · 1 committee seat
  • Mangalore Sujeeth Pai · Managing directorExecutive · joined Oct 2025 · 1 listed board
  • Ajay Ranjit NaikNon-executive · joined Oct 2025 · 1 listed board · 1 committee seat
  • Karl Robin Joakim LandholmNon-executive · joined Oct 2025 · 1 listed board

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 11 Aug 20266 of 6 present2 independent · 90 days in between
    • 12 May 20266 of 6 present2 independent

  • Audit Committee

    Chair Anu Arun Wakhlu

    Gopal Subramanyam, Ajay Ranjit Naik

    • 11 Aug 20263 of 3 present2 independent · 90 days in between
    • 12 May 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Anu Arun Wakhlu

    Gopal Subramanyam, Karl Robin Joakim Landholm

    • 11 Aug 20263 of 3 present2 independent · 146 days in between
    • 17 Mar 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Gopal Subramanyam

    Anu Arun Wakhlu, Mangalore Sujeeth Pai

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Gopal Subramanyam

    Anu Arun Wakhlu, Mangalore Sujeeth Pai, Mukund Vasudevan, Ashish Saraf

    • 15 Sep 20265 of 5 present2 independent · 181 days in between
    • 17 Mar 20265 of 5 present2 independent

  • Corporate Social Responsibility Committee

    Chair Mangalore Sujeeth Pai

    Gopal Subramanyam, Anu Arun Wakhlu, Mukund Vasudevan

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Jun 2026.

  • DELOITTE HASKINS & SELLS LLPPeer-review certificate valid to Jul 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

SKF India (Industrial) AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.SKF India (Industrial) dividend history

Postal ballot, 15 Oct 2026

56,111 shareholders on the register on 4 Sep 2026; votes counted by Jayavant B. Bhave / J. B. Bhave & Co..

  1. To approve the change in designation of Mr. Sujeeth Pai (DIN – 07763929), from Whole-Time Director to Managing Director of the Company w.e.f. 1st September 2026 for a consecutive term of 5 (five) years and remuneration payable to him.MoreLess
    Ordinary
    99.75% for0.25% against

    Against: promoters 0.00% · institutions 0.67% · other public 0.42%

    Turnout: all 83.20% · promoters 100.00% · institutions 89.05% · other public 0.97%

  2. To consider and approve the appointment of Mr. Mukund Vasudevan (DIN: 05146681) as a Non-Executive Director of the Company.
    Ordinary
    99.75% for0.25% against

    Against: promoters 0.00% · institutions 0.68% · other public 0.67%

    Turnout: all 83.20% · promoters 100.00% · institutions 89.05% · other public 0.97%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 13 Aug 2026, 12 resolutions

58,108 shareholders on the register on 6 Aug 2026; present: 1 promoter and 65 others; votes counted by Jayavant B. Bhave / J. B. Bhave & Co..

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March 2026 together with Reports of the Board of Directors and the Auditors thereon; andMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.83%

    Turnout: all 82.86% · promoters 100.00% · institutions 88.18% · other public 0.16%

  2. To approve and declare final dividend of Rs.10/- per equity share having face value of Rs. 10/- each fully paid up for the financial year ended 31st March 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.86%

    Turnout: all 82.86% · promoters 100.00% · institutions 88.18% · other public 0.16%

  3. To appoint a Director in place of Mr. Sujeeth Pai (DIN: 07763929), who retires by rotation at this Annual General Meeting in terms of Section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.MoreLess
    Ordinary
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.25% · other public 8.62%

    Turnout: all 82.86% · promoters 100.00% · institutions 88.18% · other public 0.16%

  4. To Consider and Approve the Appointment of M/s J. B. Bhave And Co., Practicing Company Secretary as the Secretarial Auditor of the Company for a Period of Five Years i.e. from the Financial Year 2026-27 to the Financial Year 2030-31.MoreLess
    Ordinary
    99.59% for0.41% against

    Against: promoters 0.00% · institutions 1.13% · other public 8.52%

    Turnout: all 82.86% · promoters 100.00% · institutions 88.18% · other public 0.16%

  5. To Approve Material Related Party Transactions with SKF GmbH, Schweinfurt, Germany, a fellow subsidiary and SKF Group Company
    OrdinaryPromoters have an interest in it
    98.90% for1.10% against

    Against: promoters 0.00% · institutions 1.09% · other public 9.38%

    Turnout: all 30.28% · promoters 0.00% · institutions 88.18% · other public 0.16%

  6. To Approve Material Related Party Transactions with SKF Engineering and Lubrication India Private Limited, a fellow subsidiary and SKF Group Company
    OrdinaryPromoters have an interest in it
    98.90% for1.10% against

    Against: promoters 0.00% · institutions 1.09% · other public 9.38%

    Turnout: all 30.28% · promoters 0.00% · institutions 88.18% · other public 0.16%

  7. To Approve Material Related Party Transactions with SKF Sverige AB, a fellow subsidiary and SKF Group Company
    OrdinaryPromoters have an interest in it
    98.90% for1.10% against

    Against: promoters 0.00% · institutions 1.09% · other public 9.38%

    Turnout: all 30.28% · promoters 0.00% · institutions 88.18% · other public 0.16%

  8. To Approve Material Related Party Transactions with SKF AB SWEDEN, Ultimate Holding Company
    OrdinaryPromoters have an interest in it
    86.45% for13.55% against

    Against: promoters 0.00% · institutions 13.55% · other public 9.38%

    Turnout: all 30.28% · promoters 0.00% · institutions 88.18% · other public 0.16%

  9. To Approve Material Related Party Transactions with SKF India Limited, a fellow subsidiary and SKF Group Company
    OrdinaryPromoters have an interest in it
    98.90% for1.10% against

    Against: promoters 0.00% · institutions 1.09% · other public 9.38%

    Turnout: all 30.28% · promoters 0.00% · institutions 88.18% · other public 0.16%

  10. To Approve Material Related Party Transactions with SKF Asia Pacific Pte Ltd, a fellow subsidiary and SKF Group Company
    OrdinaryPromoters have an interest in it
    98.90% for1.10% against

    Against: promoters 0.00% · institutions 1.09% · other public 10.37%

    Turnout: all 30.28% · promoters 0.00% · institutions 88.18% · other public 0.16%

  11. Ratification of remuneration of the Cost Auditors for the Financial Year 2026-27
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.42%

    Turnout: all 82.86% · promoters 100.00% · institutions 88.18% · other public 0.16%

  12. To Consider and Approve the Remuneration Payable to Mr. Gopal Subramanyam, Non-Executive, Independent Director (DIN: 06684319) in Excess of Fifty Percent of the Total Annual Remuneration Payable to All Non-Executive Directors of the Company for the Financial YearMoreLess
    Special
    99.60% for0.40% against

    Against: promoters 0.00% · institutions 1.09% · other public 11.57%

    Turnout: all 82.86% · promoters 100.00% · institutions 88.18% · other public 0.16%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 13 Aug 2026, 8 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March 2026 together with Reports of the Board of Directors and the Auditors thereon; andMoreLess
    8 for0 against
  • To approve and declare final dividend of Rs.10/- per equity share having face value of Rs. 10/- each fully paid up for the financial year ended 31st March 2026.
    8 for0 against
  • To appoint a Director in place of Mr. Sujeeth Pai (DIN: 07763929), who retires by rotation at this Annual General Meeting in terms of Section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.MoreLess
    8 for0 against
  • To Consider and Approve the Appointment of M/s J. B. Bhave And Co., Practicing Company Secretary as the Secretarial Auditor of the Company for a Period of Five Years i.e. from the Financial Year 2026-27 to the Financial Year 2030-31.MoreLess
    Against Angel One Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundProposed fee payable to Secretarial Auditors not disclosed.
    • Motilal Oswal Mutual FundNo concern on merit of the proposed Secretarial Auditors. Non-Compliant with Regulation 36(5) of SEBI LODR: Proposed fee payable to Secretarial Auditors not disclosed.
    6 for2 against
  • To Approve Material Related Party Transactions with SKF GmbH, Schweinfurt, Germany, a fellow subsidiary and SKF Group Company
    Against Angel One Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundThe Company has failed to disclose whether the Audit Committee has reviewed the certificates provided by the Chief Executive Officer / Managing Director / Whole-Time Director / Manager and the Chief Financial Officer as mandated under the Related Party Transaction Industry Standards.
    • Motilal Oswal Mutual FundNon-Compliant with RPT Industry Standards: The Company has failed to disclose whether the Audit Committee has reviewed the certificates provided by the CEO / Managing Director / Whole-Time Director / Manager and the Chief Financial Officer as mandated under the RPT Industry Standards.
    6 for2 against
  • To Approve Material Related Party Transactions with SKF Engineering and Lubrication India Private Limited, a fellow subsidiary and SKF Group Company
    Against Angel One Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundThe Company has failed to disclose whether the Audit Committee has reviewed the certificates provided by the Chief Executive Officer / Managing Director / Whole-Time Director / Manager and the Chief Financial Officer as mandated under the Related Party Transaction Industry Standards. Governance and Transparency Concern: While, extension of loan may not carry risk, there exist certain material questions regarding the extension of loan by the Company including the basis of determination of arm’s length pricing.
    • Motilal Oswal Mutual FundNon-Compliant with RPT Industry Standards: The Company has failed to disclose whether the Audit Committee has reviewed the certificates provided by the CEO / Managing Director / Whole-Time Director / Manager and the Chief Financial Officer as mandated under the RPT Industry Standards. Governance and Transparency Concern: While, extension of loan may not carry risk, there exist certain material questions regarding the extension of loan by the Company including the basis of determination of arm’s length pricing;
    6 for2 against
  • To Approve Material Related Party Transactions with SKF Sverige AB, a fellow subsidiary and SKF Group Company
    Against Angel One Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundThe Company has failed to disclose whether the Audit Committee has reviewed the certificates provided by the Chief Executive Officer / Managing Director / Whole-Time Director / Manager and the Chief Financial Officer as mandated under the Related Party Transaction Industry Standards.
    • Motilal Oswal Mutual FundNon-Compliant with RPT Industry Standards: The Company has failed to disclose whether the Audit Committee has reviewed the certificates provided by the CEO / Managing Director / Whole-Time Director / Manager and the Chief Financial Officer as mandated under the RPT Industry Standards.
    6 for2 against
  • To Approve Material Related Party Transactions with SKF AB SWEDEN, Ultimate Holding Company
    Against Angel One Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundThe Company has failed to disclose whether the Audit Committee has reviewed the certificates provided by the Chief Executive Officer / Managing Director / Whole-Time Director / Manager and the Chief Financial Officer as mandated under the Related Party Transaction Industry Standards. Governance Concern: The Company has not provided adequate disclosure with regards to determination of the royalty/trademark fee rate and whether the same is at arm’s length.
    • Motilal Oswal Mutual FundNon-Compliant with RPT Industry Standards: The Company has failed to disclose whether the Audit Committee has reviewed the certificates provided by the CEO / Managing Director / Whole-Time Director / Manager and the Chief Financial Officer as mandated under the RPT Industry Standards. Governance Concern: The Company has not provided adequate disclosure w.r.t. determination of the royalty/trademark fee rate and whether the same is at arm’s length.
    6 for2 against
  • To Approve Material Related Party Transactions with SKF India Limited, a fellow subsidiary and SKF Group Company
    Against Angel One Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundThe Company has failed to disclose whether the Audit Committee has reviewed the certificates provided by the Chief Executive Officer / Managing Director / Whole-Time Director / Manager and the Chief Financial Officer as mandated under the Related Party Transaction Industry Standards. Transparency Concern: Lack of clarity regarding prior approval of shareholders.
    • Motilal Oswal Mutual FundNon-Compliant with RPT Industry Standards: The Company has failed to disclose whether the Audit Committee has reviewed the certificates provided by the CEO / Managing Director / Whole-Time Director / Manager and the Chief Financial Officer as mandated under the RPT Industry Standards. Transparency Concern: Lack of clarity regarding prior approval of shareholders.
    6 for2 against
  • To Approve Material Related Party Transactions with SKF Asia Pacific Pte Ltd, a fellow subsidiary and SKF Group Company
    Against Angel One Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundThe Company has failed to disclose whether the Audit Committee has reviewed the certificates provided by the Chief Executive Officer / Managing Director / Whole-Time Director / Manager and the Chief Financial Officer as mandated under the Related Party Transaction Industry Standards.
    • Motilal Oswal Mutual FundNon-Compliant with RPT Industry Standards: The Company has failed to disclose whether the Audit Committee has reviewed the certificates provided by the CEO / Managing Director / Whole-Time Director / Manager and the Chief Financial Officer as mandated under the RPT Industry Standards.
    6 for2 against
  • Ratification of remuneration of the Cost Auditors for the Financial Year 2026-27
    3 for0 against
  • To Consider and Approve the Remuneration Payable to Mr. Gopal Subramanyam, Non-Executive, Independent Director (DIN: 06684319) in Excess of Fifty Percent of the Total Annual Remuneration Payable to All Non-Executive Directors of the Company for the Financial YearMoreLess
    Against Angel One Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance concern: Remuneration proposed to an independent director who has prolonged association with the Group.
    • Motilal Oswal Mutual FundCompliant with Law. Governance concern: Remuneration proposed to an independent director who has been associated with the company for a prolonged period.
    6 for2 against
1 proposal not matched to one resolution
  • To consider and approve the remuneration of INR 2,50,000/- plus applicable taxes and reimbursement of out-of-pocket expenses incurred in connection with the cost audit at actuals, if any, payable to M/s. Joshi Apte and Associates Cost Accountant (Firm Registration No: 000240), who have been appointed as Cost Auditors by the Board of Directors on recommendation of the Audit Committee of the Company to conduct the cost audit of cost records of the Company for the Financial Year ending 31st March, 2027.MoreLess
    5 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved
22Dec 2552Mar 26910Jun 261414Sep 26

Open at the quarter's end

0Dec 253Mar 262Jun 262Sep 26
At most 3 complaints open, quarter to Mar 2026.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.