NSEGeneral Updates23 Oct 2026 · 23 Oct 2026, 06:25 pm
General Updates
Schaeffler India Limited · SCHAEFFLER
✦ AI SummaryRegulatory
Schaeffler India Limited has informed the Exchange about General Updates regarding the CEO & Managing Director, Mr. Harsha Gopal Kadam, being taken into custody for investigation by the Talegaon MIDC Police Station. The charges against him have been dropped, and he has been released on bail. He has also filed a Criminal Application before the Hon'ble High Court of Bombay for quashing of the investigation against him, and the court has stayed further investigation.
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Schaeffler India Limited has informed the Exchange about General Updates
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Schaeffler India Limited · Pune · Maharashtra
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, C – 1, Block G,
Dalal Street, Bandra-Kurla Complex, Bandra (E),
Mumbai-400001 Mumbai-400051
Company Code: 505790 Company Code: SCHAEFFLER
Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 23/10/2026
Dear Sirs,
We refer to our disclosure dated October 20, 2026, in relation to Mr. Harsha Gopal
Kadam, CEO & Managing Director of the Company, being taken into custody for
investigation by the Talegaon MIDC Police Station, Pimpri Chinchwad Police Com-
missionerate (“Authority”). Phone: +912068198464
By way of an update, we understand that the Authority suo moto dropped the
charges under Section 105 of Bharatiya Nyaya Sanhita, 2023 against Mr. Kadam,
which was the only non-bailable offence alleged against him. Mr. Kadam has since
been released from custody of the Authority on bail bond on October 22, 2026, pur-
suant to an order of the Judicial Magistrate First Class, Vadgaon Maval, Pune.
We have also been informed by Mr. Kadam that he has filed a Criminal Application
before the Hon’ble High Court of Bombay (“High Court”) inter alia for quashing of the
Authority’s investigation against him. The Hon’ble High Court, by way of an interim
order dated October 23, 2026, has stayed further investigation against Mr. Kadam
and directed the Authority not to file any chargesheet or supplementary chargesheet
against him. We understand that a copy of the interim order is awaited by Mr. Kadam
Kindly take the same on your records.
Thanking you,
Yours faithfully,
For Schaeffler India Limited
Ashish Tiwari,
General Counsel & Company Secretary
Schaeffler India Limited INTERNAL
Registered and Corporate Office: 15th Floor, (ASTP) Amar Sadanand Tech Park, Baner, Pune, Maharashtra, India – 411045 Tel: +91-20-68198400 | Fax: +91-20-68198405
CIN: L29130PN1962PLC204515, www.schaeffler.co.in, info.in@schaeffler.com,