Board Meeting Announcement for SKF India Ltd - Dec 26, 2024

SKF India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/12/2024 inter alia to consider and approve With reference to our Board Meeting outcome dated 08th October 2024 regarding in-principle approval to demerge the Industrial business of the Company we wish to inform you pursuant to the provisions of Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (SEBI LODR) the meeting of the Board of Directors of the Company is scheduled to be held on Thursday 26th December 2024 inter-alia to consider and approve the Scheme of Arrangement (Scheme) for Demerger between the SKF India Limited (the Company) and SKF India (Industrial) Limited a wholly owned subsidiary of the Company and their respective shareholders and creditors for demerger of Industrial business under Sections 230 to 232 and other applicable provisions of the Companies Act 2013.