Company Profile

Inter alia, approved:- ) Dividend: The Board decided to recommend to the members a final dividend of Rs. 130/- per equity share for the financial year ended 31st March 2024, which shall be paid/dispatched within 30 days from the date of ensuing Annual General Meeting (?AGM?), if declared and approved by the Members at the AGM. 2) Reappointment of Independent Directors: a) The Board considered and approved re-appointment of Mr. Gopal Subramanyam (DIN: 06684319) as Independent Director of the Company for the second term of five (5) years with effect from 16th May 2024 to 15th May 2029, subject to the approval of the Members through Postal Ballot. (Annexed herewith as Annexure - 2) b) The Board considered and approved re-appointment of Ms. Anu Wakhlu (DIN: 00122052) as Independent Director of the Company for the second term of five (5) years with effect from 16th May 2024 to 15th May 2029, subject to the approval of the Members through Postal Ballot. (Annexed herewith as Annexure - 3) 3) Annual General Meeting for Financial Year 2023-24: a) We wish to inform you that the 63rd Annual General Meeting ('AGM') of the Company for the FY 2023-24 will be held through Video Conferencing ('VC')/ Other Audio-Visual Means ('OAVM') on Tuesday, 13th August 2024 at 3.00 p.m. (IST), in compliance with the applicable provisions of the Companies Act, 2013 and the Rules made thereunder and in accordance with the relevant circulars issued by the Securities and Exchange Board of India and Ministry of Corporate Affairs from time to time. b) Mr. Jayavant B Bhave from M/s. J B Bhave & Co., Practicing Company Secretaries, Pune have been appointed as scrutinizer for the e-voting process for the ensuing Annual General Meeting under Regulation 44 of the SEBI LODR and Rule 20 of the Companies (Management and Administration) Rules, 2014. c) Pursuant to Regulation 42 of SEBI LODR read with other applicable provisions if any, Thursday, 04th July 2024 has been fixed as the Record date for the purpose of forthcoming AGM and Dividend, if declared at the AGM. d) Pursuant to the provisions of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014, the Board has fixed Tuesday, 06th August 2024 as the cut-off date to record entitlement of the members to cast their vote electronically for the business to be transacted at the ensuing Annual General Meeting of the Company. The board has appointed National Securities Depository Limited (?NSDL?) for providing e-voting (including remote e-voting) e) Members of the Company holding shares either in physical form or in electronic form as on the cut-off date of Tuesday, 06th August 2024 may cast their vote by remote E-Voting. The remote E-Voting period commences on Friday, 09th August 2024 at 9.00 a.m. (IST) and ends on Monday, 12th August 2024 at 5.00 p.m. (IST). 4) Appointment of Auditors: a) On the recommendation of Audit Committee, the Board of Directors in their meeting held today approved the appointment of the Cost Auditors, M/s Joshi Apte and Associates (Firm Registration No.000240), Cost Accountants, for the Financial Year 2024-25. (Annexed herewith as Annexure - 4) b) On the recommendation of Audit Committee, the Board of Directors in their meeting held today approved the appointment of the Secretarial Auditors M/s J B Bhave & Co., (Firm Registration No. S1999MH025400) Company Secretaries, for the Financial Year 2024-25. (Annexed herewith as Annexure - 5) c) On the recommendation of Audit Committee, the Board of Directors in their meeting held today approved the appointment of the Tax and GST Auditors M/s Samdani & Co., (Firm Registration No. 142734W) Chartered Accountants for the Financial Year 2023-24. (Annexed herewith as Annexure - 6) 5) Postal Ballot: a) Considered and Approved the Postal Ballot Notice for seeking the approval of Shareholders for below-mentioned items: ? Appointment of a Managing Director: Mr. Mukund Vasudevan ? Appointment of Non- Executive Non -Independent Director: Mr. Manish Bhatnagar ? Reappointment of Independent Directors: Mr. Gopal Subramanyam and Ms. Anu Wakhlu b) Considered the cut-off date as Friday, 17th May 2024. Accordingly, all those who are the shareholders of the company as on the cut-off date shall be entitled to vote on the resolution covered in the Postal Ballot Notice. c) Considered E -voting dates for Postal Ballot: The remote e-voting period commences on Thursday, 23rd May 2024, at 9:00 am (IST) and ends on Friday, 21st June 2024, at 5:00 pm (IST). d) Mr. Jayavant B Bhave from M/s. J B Bhave & Co., Practicing Company Secretaries, Pune have been appointed as scrutinizer for conducting the Postal Ballot process in a fair and transparent manner. e) Considered & approved the proposal of providing the facility to vote on the proposed resolutions by remote e-voting only. For this purpose, Company has decided to appoint National Securities Depository Limited (?NSDL?) for facilitating remote process to enable members to cast their votes electronically.

Inter alia, approved:- ) Dividend: The Board decided to recommend to the members a final dividend of Rs. 130/- per equity share for the financial year ended 31st March 2024, which shall be paid/dispatched within 30 days from the date of ensuing Annual General Meeting (?AGM?), if declared and approved by the Members at the AGM. 2) Reappointment of Independent Directors: a) The Board considered and approved re-appointment of Mr. Gopal Subramanyam (DIN: 06684319) as Independent Director of the Company for the second term of five (5) years with effect from 16th May 2024 to 15th May 2029, subject to the approval of the Members through Postal Ballot. (Annexed herewith as Annexure - 2) b) The Board considered and approved re-appointment of Ms. Anu Wakhlu (DIN: 00122052) as Independent Director of the Company for the second term of five (5) years with effect from 16th May 2024 to 15th May 2029, subject to the approval of the Members through Postal Ballot. (Annexed herewith as Annexure - 3) 3) Annual General Meeting for Financial Year 2023-24: a) We wish to inform you that the 63rd Annual General Meeting ('AGM') of the Company for the FY 2023-24 will be held through Video Conferencing ('VC')/ Other Audio-Visual Means ('OAVM') on Tuesday, 13th August 2024 at 3.00 p.m. (IST), in compliance with the applicable provisions of the Companies Act, 2013 and the Rules made thereunder and in accordance with the relevant circulars issued by the Securities and Exchange Board of India and Ministry of Corporate Affairs from time to time. b) Mr. Jayavant B Bhave from M/s. J B Bhave & Co., Practicing Company Secretaries, Pune have been appointed as scrutinizer for the e-voting process for the ensuing Annual General Meeting under Regulation 44 of the SEBI LODR and Rule 20 of the Companies (Management and Administration) Rules, 2014. c) Pursuant to Regulation 42 of SEBI LODR read with other applicable provisions if any, Thursday, 04th July 2024 has been fixed as the Record date for the purpose of forthcoming AGM and Dividend, if declared at the AGM. d) Pursuant to the provisions of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014, the Board has fixed Tuesday, 06th August 2024 as the cut-off date to record entitlement of the members to cast their vote electronically for the business to be transacted at the ensuing Annual General Meeting of the Company. The board has appointed National Securities Depository Limited (?NSDL?) for providing e-voting (including remote e-voting) e) Members of the Company holding shares either in physical form or in electronic form as on the cut-off date of Tuesday, 06th August 2024 may cast their vote by remote E-Voting. The remote E-Voting period commences on Friday, 09th August 2024 at 9.00 a.m. (IST) and ends on Monday, 12th August 2024 at 5.00 p.m. (IST). 4) Appointment of Auditors: a) On the recommendation of Audit Committee, the Board of Directors in their meeting held today approved the appointment of the Cost Auditors, M/s Joshi Apte and Associates (Firm Registration No.000240), Cost Accountants, for the Financial Year 2024-25. (Annexed herewith as Annexure - 4) b) On the recommendation of Audit Committee, the Board of Directors in their meeting held today approved the appointment of the Secretarial Auditors M/s J B Bhave & Co., (Firm Registration No. S1999MH025400) Company Secretaries, for the Financial Year 2024-25. (Annexed herewith as Annexure - 5) c) On the recommendation of Audit Committee, the Board of Directors in their meeting held today approved the appointment of the Tax and GST Auditors M/s Samdani & Co., (Firm Registration No. 142734W) Chartered Accountants for the Financial Year 2023-24. (Annexed herewith as Annexure - 6) 5) Postal Ballot: a) Considered and Approved the Postal Ballot Notice for seeking the approval of Shareholders for below-mentioned items: ? Appointment of a Managing Director: Mr. Mukund Vasudevan ? Appointment of Non- Executive Non -Independent Director: Mr. Manish Bhatnagar ? Reappointment of Independent Directors: Mr. Gopal Subramanyam and Ms. Anu Wakhlu b) Considered the cut-off date as Friday, 17th May 2024. Accordingly, all those who are the shareholders of the company as on the cut-off date shall be entitled to vote on the resolution covered in the Postal Ballot Notice. c) Considered E -voting dates for Postal Ballot: The remote e-voting period commences on Thursday, 23rd May 2024, at 9:00 am (IST) and ends on Friday, 21st June 2024, at 5:00 pm (IST). d) Mr. Jayavant B Bhave from M/s. J B Bhave & Co., Practicing Company Secretaries, Pune have been appointed as scrutinizer for conducting the Postal Ballot process in a fair and transparent manner. e) Considered & approved the proposal of providing the facility to vote on the proposed resolutions by remote e-voting only. For this purpose, Company has decided to appoint National Securities Depository Limited (?NSDL?) for facilitating remote process to enable members to cast their votes electronically.

Inter-alia, considered and approved the following matters placed before it: A) Resignation of Mr. Manish Bhatnagar from the position of Managing Director: The Board took note of the resignation tendered by Mr. Manish Bhatnagar (DIN - 08148320) as Managing Director of SKF India Limited with effect from 1st April 2024, as a result of change in his role B) Appointment of Mr. Manish Bhatnagar as Non?Executive Director Pursuant to Regulation-30 and other applicable provisions of SEBI LODR read with SEBI circular dated 13th July 2023 and company?s policy on Determination of materiality of events for disclosure to the stock exchanges, we wish to inform you that based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors in its meeting held on 19th March 2024 has considered and approved the appointment of Mr. Manish Bhatnagar as Non-executive Non-Independent Director of the Company w.e.f. 01st April 2024. C) Resignation of Mr. Shailesh Kumar Sharma: The Board took note of the resignation tendered by Mr. Shailesh Kumar Sharma (DIN - 09493881) as Whole-time Director & from the Board of SKF India Limited with effect from 08th April 2024, as a result of organizational changes. D) Appointment of Mr. Mukund Vasudevan as Additional Director & Managing Director: Pursuant to Regulation- 30 and other applicable provisions of SEBI LODR read with SEBI circular dated 13th July 2023 and company?s policy on Determination of materiality of events for disclosure to the stock exchanges, we wish to inform you that based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors in its meeting held on 19th March 2024 has considered and approved the appointment of Mr. Mukund Vasudevan (DIN - 05146681) as an Additional Director of the company to hold the office till conclusion of the ensuing Annual General Meeting. On recommendation of the Nomination and Remuneration Committee, the Board further approved the appointment of Mr. Mukund Vasudevan as Managing Director of the Company with effect from 08th April 2024 for a period of five (5) years, subject to approval of shareholders of the Company in pursuance to the provisions of Section 203 of the Companies Act, 2013, read with Rule 8 of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and other applicable provisions, if any.

Inter-alia, considered and approved the following matters placed before it: A) Resignation of Mr. Manish Bhatnagar from the position of Managing Director: The Board took note of the resignation tendered by Mr. Manish Bhatnagar (DIN - 08148320) as Managing Director of SKF India Limited with effect from 1st April 2024, as a result of change in his role B) Appointment of Mr. Manish Bhatnagar as Non?Executive Director Pursuant to Regulation-30 and other applicable provisions of SEBI LODR read with SEBI circular dated 13th July 2023 and company?s policy on Determination of materiality of events for disclosure to the stock exchanges, we wish to inform you that based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors in its meeting held on 19th March 2024 has considered and approved the appointment of Mr. Manish Bhatnagar as Non-executive Non-Independent Director of the Company w.e.f. 01st April 2024. C) Resignation of Mr. Shailesh Kumar Sharma: The Board took note of the resignation tendered by Mr. Shailesh Kumar Sharma (DIN - 09493881) as Whole-time Director & from the Board of SKF India Limited with effect from 08th April 2024, as a result of organizational changes. D) Appointment of Mr. Mukund Vasudevan as Additional Director & Managing Director: Pursuant to Regulation- 30 and other applicable provisions of SEBI LODR read with SEBI circular dated 13th July 2023 and company?s policy on Determination of materiality of events for disclosure to the stock exchanges, we wish to inform you that based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors in its meeting held on 19th March 2024 has considered and approved the appointment of Mr. Mukund Vasudevan (DIN - 05146681) as an Additional Director of the company to hold the office till conclusion of the ensuing Annual General Meeting. On recommendation of the Nomination and Remuneration Committee, the Board further approved the appointment of Mr. Mukund Vasudevan as Managing Director of the Company with effect from 08th April 2024 for a period of five (5) years, subject to approval of shareholders of the Company in pursuance to the provisions of Section 203 of the Companies Act, 2013, read with Rule 8 of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and other applicable provisions, if any.