BSECompany Update6h ago · 20 Oct 2026, 06:35 pm

Announcement under Regulation 30 of SEBI LODR Regulations, 2015

Schaeffler India Ltd · 505790

✦ AI Summary▼ NegativeRegulatory

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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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern8/10
Regulatory Risk9/10
Balance Sheet Risk1/10
Liquidity Impact6/10
Market Sentiment3/10

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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