SKF India has informed that it enclosed Press Release issued by AB SKF (the Promoter Shareholder of the company) expressing the decision of its Board to initiate the separation of its automotive business globally. A copy of the Press Release is enclosed (Annexure -1). The Board of Directors of the company, in its meeting dated 17th September 2024 has taken note of the same and has constituted a committee to review & place appropriate proposal(s) to the Board for necessary decision/way forward. The trading window for dealing in shares of the Company by Directors, Promoters, Designated Persons, and other insiders (including relatives thereof) is closed from the conclusion of this Board Meeting till 48 hours after the decision of the Board on this proposal.
The above information is a part of company’s filings submitted to BSE.
