NSEGeneral Updates23 Oct 2026 · 23 Oct 2026, 06:25 pm

General Updates

Schaeffler India Limited · SCHAEFFLER

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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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Earnings Impact1/10
Growth Catalyst1/10
Governance Concern6/10
Regulatory Risk8/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment4/10

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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,