SKF India Board Approvals

SKF India Limited's Board of Directors met on May 13, 2026, to approve the financial results for the fiscal year ended March 31, 2026. During the meeting, the board recommended a final dividend of ₹40 per equity share for FY26. This recommendation is subject to shareholder approval at the company's Annual General Meeting.

Management Changes

The board also confirmed key senior management appointments. Mayank Holani was appointed as the new Chief Financial Officer (CFO), with his role commencing on May 14, 2026. The board noted the resignation of Ms. Aashi Arora as Interim CFO, also effective May 14, 2026. Prahlada GirishKumar was appointed as a member of the Senior Management Team, effective the same date.

Key Dates

The Annual General Meeting for FY 2025-26 is scheduled for August 14, 2026. The company has set July 03, 2026, as the record date for determining eligibility for the dividend and for participation in the AGM.

About SKF India

SKF India is a prominent manufacturer specializing in bearings, seals, and lubrication systems. The company serves critical industrial and automotive sectors within India and benefits from the global expertise and technology of its parent, the SKF Group.

What to Watch Next

Looking ahead, investors will monitor shareholder approval of the dividend at the upcoming AGM. Focus will also be on the company's financial performance under the new CFO, Mayank Holani, and any subsequent strategic announcements.