BSECompany Update6h ago · 20 Oct 2026, 06:35 pm
Announcement under Regulation 30 of SEBI LODR Regulations, 2015
Schaeffler India Ltd · 505790
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Schaeffler India's CEO and Managing Director, Harsha Gopal Kadam, has been taken into custody for investigation by the Talegaon MIDC Police Station in relation to an accident at the company's factory premises on June 9, 2026, which resulted in the loss of two workers' lives. The company is cooperating with the investigation and evaluating the developments with its legal advisors.
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Schaeffler India Ltd - 505790 - Announcement Under Regulation 30 Of SEBI LODR Regulations, 2015
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Schaeffler India Limited · Pune · Maharashtra
National Stock Exchange of India Ltd. BSE Ltd.,
Listing Department, Corporate Relation Department,
Exchange Plaza, C-1, Block- G, Listing Department,
Bandra Kurla Complex, Phiroze Jeejeebhoy Towers,
Bandra (East) Mumbai–400 051. Dalal Street, Mumbai – 400 001.
Fax No. 26598235/8237/8347.
Facsimile No. 22723121/22722037/2041
Symbol: SCHAEFFLER
Scrip Code: 505790
Dear Sir/Madam, 20/10/2026
Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015.
Ref: SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30,
2026 (“SEBI Master Circular”).
Phone: +912068198464
Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (“Listing Regulations”), please note that the Company has
been informed that Mr. Harsha Gopal Kadam, CEO & Managing Director of the Company, has
been taken into custody for investigation by the Talegaon MIDC Police Station, Pimpri
Chinchwad Police Commissionerate (“Authority”) under the provisions of the Bharatiya Nyaya
Sanhita, 2023 (“BNS”), in relation to an investigation being conducted by the Authority with
respect to an accident in the factory premises of the Company on June 9, 2026.
The requisite details required under Regulation 30 of the Listing Regulations read with the SEBI
Master Circular HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 last updated on January 30, 2026,
are enclosed herewith as Annexure I.
The Company and its officers have duly co-operated in the investigation and will continue to do
so. The Company is evaluating the developments in consultation with its legal advisors, has
complied and continues to comply with all laws applicable to it and will take all steps necessary
in accordance with applicable law to resolve the situation. The Company’s business operations
continue in the ordinary course.
Kindly take the same on your records.
Thanking you,
Yours faithfully,
For Schaeffler India Limited
Ashish Tiwari,
General Counsel & Company Secretary
Encl.: As above
Schaeffler India Limited
Registered & Corporate Office: 15th Floor, (ASTP) Amar Sadanand Tech Park, Baner, Pune, Maharashtra, India-411045 | Tel +91 20 6819 8400 | Fax +91 20 6819 8405
CIN: L29130PN1962PLC204515 | www.schaeffler.co.in | info.in@schaeffler.com
ANNEXURE I
The requisite details required under Regulation 30 of the Listing Regulations read with SEBI Master
Circular HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026.
Sr Particulars Details
1. Nature of Mr. Harsha Gopal Kadam, CEO & Managing Director of the
fraud/default/arrest Company, was taken into custody for investigation by the Authority
under the provisions of the BNS, in relation to an investigation
being conducted by the Authority with respect to an accident on the
factory premises of the company in Talegaon, Pune on June 9, 2026.
The accident involved loss of lives of two workers of the
Company’s service provider at the Company’s factory premises due
to a sudden CO₂ gas discharge during scheduled cylinder
replacement. The matter has been under investigation by the
Authority and the Company, its employees and officers as well as
the Managing Director have been cooperating with the Authority.
The scope of the investigation has now been expanded to involve
the Managing Director, on the basis that he is the ‘occupier’ of the
factory premises under applicable law, and the Authority has taken
the Managing Director into custody for investigation.
2. Estimated impact on the The senior management of the Company continues to be in-charge
listed entity of the day-to-day management, and the business operations of the
Company continue in the ordinary course.
The Company is evaluating the developments in consultation with
its legal advisors, and will take all steps necessary in accordance
with applicable law, to resolve the situation.
3. Time of occurrence The Managing Director was taken into custody late evening on
October 19, 2026, at around 06:40 p.m.
4. Person(s) involved Mr. Harsha Gopal Kadam, CEO & Managing Director of the
Company
5. Estimated amount Not applicable
involved (if any)
6. Whether such Not applicable
fraud/default/arrest has
been reported to
appropriate authorities