
SKF India (Industrial) Limited (NSE: SKFINDUS) Names Sujeeth Pai Managing Director
SKF India (Industrial) Limited – NSE: SKFINDUS | BSE: 544572
Introduction
On 15 October 2026, SKF India (Industrial) Limited filed an announcement under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements (LODR) to disclose a change in the designation of a key managerial personnel.
Announcement Overview
- Event: Change of designation of Mr. Sujeeth Pai (DIN 07763929) from Whole‑Time Director to Managing Director.
- Effective date: 1 September 2026.
- Term: Five (5) consecutive years as per the appointment agreement.
- Approval: Shareholders approved the change via a postal ballot; results were declared on 15 October 2026.
- Remuneration: The remuneration payable to Mr. Pai has been approved (specific amounts not disclosed in the filing).
The disclosure complies with SEBI LODR Regulation 30, Schedule III, and the SEBI Master Circular HO/49/14/14(7)2025‑CFD‑POD2/I/3762/2026 dated 30 January 2026.
Director Appointment Details (Annexure A)
| Item | Details |
|---|---|
| Name | Mr. Sujeeth Pai |
| DIN | 07763929 |
| Reason for change | Appointment – change from Whole‑Time Director to Managing Director |
| Date of appointment / term | 1 September 2026 – five‑year term as per company policy |
| Relationship with other directors | No relationship with any Director, Key Managerial Personnel, or Promoter |
| Brief profile | • Mechanical Engineering degree, PESIT, Bangalore <br>• MBA, ISB, Hyderabad <br>• ~20 years of multidimensional experience driving growth, profitability, and P&L responsibility across regions. <br>• Expertise in building proof‑of‑concepts, technical support, and delivering double‑digit growth. |
Compliance & Regulatory Notes
- The announcement satisfies the requirements of Regulation 30 of SEBI LODR, Clause 7 of Para A of Part A of Schedule III, and the referenced SEBI Master Circular.
- The filing was signed digitally by Ms. Poorva Bang, Company Secretary & Compliance Officer, on 15 Oct 2026 at 20:57:19 +05:30.
This article presents only the factual information disclosed in the company's regulatory filing and does not contain any forward‑looking statements or analysis beyond the provided content.
The shareholder approval of Sujeeth Pai's promotion to Managing Director provides official confirmation of governance and management continuity. Because this internal promotion was previously announced and widely anticipated, the formal filing is a procedural step rather than new material financial information, resulting in negligible impact on short-term price movement.
Sign in for impact outlook, horizons, comparables, and full intelligence analysis.
Forecast from comparable, historic events. Not investment advice.
Original Source Document
View the original exchange filing or announcement.
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