NSEChange in Management1 Sept 2026 · 1 Sept 2026, 12:34 pm
Change in Management
SKF India (Industrial) Limited · SKFINDUS
✦ AI SummaryMgmt Change
SKF India (Industrial) Limited has announced a change in management with Mr. Sujeeth Pai being appointed as the new Managing Director, replacing Mr. Mukund Vasudevan who resigned due to internal role change within SKF Group. Mr. Pai has 20 years of experience in driving growth and profitability.
Analysis Scores
Earnings Impact2/10
Growth Catalyst4/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment5/10
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Full Announcement
With reference to our intimation dated 11th August 2026, pursuant to Regulation 30 and other applicable provisions of SEBI (Listing Obligation and Disclosure Requirements Regulation), 2015 ( SEBI LODR ) read with SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026 ( SEBI Master Circular ), we wish to inform change in designation of Mr. Sujeeth Pai (DIN: 07763929) from Whole-Time Director to Managing Director of the Company with effect from 1st September 2026, subject to the approval of the shareholders.
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Date: 01st September 2026
National Stock Exchange of India Limited, BSE Limited,
"Exchange Plaza" 5th Floor, Phiroze Jeejeebhoy Towers,
Plot No. C-1, G Block, Dalal Street,
Bandra Kurla Complex, Mumbai - 400001
Bandra (East), Mumbai –
400051, Maharashtra, India
NSE Scrip Code – SKFINDUS BSE Scrip Code - 544572
Subject: Announcement under Regulation 30 of SEBI (Listing Obligation and Disclosure
Requirements Regulation), 2015
Reference: Intimation dated 11th August 2026
Dear Sir/Madam,
With reference to our intimation dated 11th August 2026, pursuant to Regulation 30 and other applicable
provisions of SEBI (Listing Obligation and Disclosure Requirements Regulation), 2015 (“SEBI LODR”)
read with SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026
(“SEBI Master Circular”), we wish to inform change in designation of Mr. Sujeeth Pai (DIN: 07763929)
from Whole-Time Director to Managing Director of the Company with effect from 1st September 2026,
subject to the approval of the shareholders.
Mr. Sujeeth Pai ceased to be Whole-Time Director of the Company from closure of business hours of 31st
August 2026 and shall hold office as Managing Director for a period of five (5) years with effect from 1st
September 2026, subject to the approval of the shareholders of the Company, pursuant to the provisions of
Section 203 of the Companies Act, 2013 read with Rule 8 of the Companies (Appointment and Remuneration
of Managerial Personnel) Rules, 2014 and other applicable provisions, if any.
The disclosure pursuant to Regulation 30(6) of the SEBI LODR read with Clause 7 of Para A of Part A of
Schedule III and the relevant SEBI Master Circular, pertaining to the change in Directors and Key Managerial
Personnel is enclosed herewith as Annexure -A.
Based on the declarations obtained, we confirm that Mr. Sujeeth Pai is not debarred from holding the office
of Director by virtue of any order issued by SEBI or any other such authority(ies).
Further, pursuant to Regulation 17(1C) of SEBI LODR, the Company will seek necessary approval of
Members within 3 Months from the date of appointment of Directors.
We request you to take the above information on record.
Thanking you,
Yours faithfully,
SKF India (Industrial) Limited
Poorva Bang
Company Secretary & Compliance Officer
SKF India (Industrial) Limited
Registered office: Chinchwad Gaon, Chinchwad, Pune 411033, Maharashtra, India
Tel: +91 (20) 6611 2501, Fax no: +91 (20) 6611 2396, Email id: industrialindia@skf.com
CIN: L28140PN2024PLC236396
Annexure – A
Disclosure required pursuant to Regulation 30 of the SEBI Listing Regulations read with Para A of Schedule
III read with the SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026dated 30th January
2026:
Sr. Details of Events that need to be
Information of such event
No. provided
1 Name : Mr. Sujeeth Pai
2 DIN : 07763929
Change in designation of Mr. Sujeeth Pai from
Reason for change viz appointment, Whole-Time Director to Managing Director of the
3 resignation, removal, death or : Company in place of Mr. Mukund Vasudevan (current
otherwise. Managing Director) who resigned due to internal role
change within SKF Group.
1st September 2026 subject to the approval ofShare-
Date of appointment/ re-
holders of the Company.
appointment/ cessation (as
applicable) & term of appointment/
Terms as per the Agreement/Company Policy.
re-appointment.
Qualifications & Certifications:
Mechanical Engineering degree from P.E.S.I.T,
Bangalore, and an MBA from ISB, Hyderabad,
Overall Experience:
Brief profile (in case of
5 : Overall 20 years of multidimensional experience in
appointment).
driving growth and profitability through employee,
partner and customer success. He also has rich
experience from building proof of concepts, providing
technical support to successfully delivering double
digit growth for businesses, leading P&L across the
region.
Disclosure of relationships between Mr. Sujeeth Pai is not related to any of the Directors
5 directors (in case of appointment of a : and Key Managerial Personnel or Promoters of the
director). Company.
SKF India (Industrial) Limited
Registered office: Chinchwad Gaon, Chinchwad, Pune 411033, Maharashtra, India
Tel: +91 (20) 6611 2501, Fax no: +91 (20) 6611 2396, Email id: industrialindia@skf.com
CIN: L28140PN2024PLC236396