Description

NSE announces listing of 49,437,963 equity shares of SKF India (Industrial) Limited on Capital Market segment effective December 05, 2025, following NCLT-approved demerger of Industrial Business from SKF India Limited.

Summary

NSE has approved the listing of equity shares of SKF India (Industrial) Limited on the Capital Market segment effective December 05, 2025. This listing follows the National Company Law Tribunal (NCLT) Mumbai Bench order dated September 26, 2025, approving the scheme of arrangement for demerger of the Industrial Business from SKF India Limited into SKF India (Industrial) Limited. The new company will have 49,437,963 equity shares with trading symbol SKFINDUS, initially available in BE (Trade for Trade) series before shifting to EQ series.

Key Points

  • Trading Symbol: SKFINDUS
  • ISIN: INE2J8701016
  • Face Value: Rs. 10/- per share
  • Total Securities: 49,437,963 equity shares
  • Distinctive Number Range: 10001 to 49447963
  • Market Lot: 1 share
  • Initial Trading Series: BE (Trade for Trade)
  • Share Exchange Ratio: 1:1 (1 equity share of SKF Industrial for every 1 equity share of SKF India Limited)
  • NCLT Approval Date: September 26, 2025
  • Registrar and Transfer Agent: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)

Regulatory Changes

The listing is in pursuance of:

  • Regulation 3.1.1 of NSE (Capital Market) Trading Regulations Part A for admission of securities
  • Regulation 2.5.5 of NSE (Capital Market) Trading Regulations Part A for lot size specification
  • SEBI circular no. CIR/MRD/DP/01/2012 & CIR/MRD/DP/02/2012 dated January 20, 2012 for pre-open session participation
  • SEBI circular no. SEBI/CIR/ISD/1/2010 dated September 2, 2010 for Trade for Trade series protocol

The scheme was approved under sections 230 to 232 read with section 52, section 66, and other applicable provisions of the Companies Act, 2013.

Compliance Requirements

  • Trading Members: Must identify the security by its designated code (SKFINDUS) on trading systems
  • Lot Size Compliance: Trading must be conducted in specified lot sizes (market lot of 1 share)
  • Pre-open Session: The security will be part of pre-open session as per SEBI guidelines
  • Series Migration: Securities will initially trade in BE (Trade for Trade) series and subsequently be shifted to EQ series

Important Dates

  • NCLT Order Date: September 26, 2025
  • Circular Issue Date: December 03, 2025
  • Listing Effective Date: December 05, 2025
  • Circular Reference: NSE/CML/71610, Circular No. 2342/2025

Impact Assessment

Market Impact: The listing creates a new traded entity on NSE, providing separate market identity to the Industrial Business previously housed within SKF India Limited. The 1:1 share exchange ratio ensures existing SKF India shareholders receive equivalent holdings in the demerged entity.

Trading Impact: Initial placement in BE (Trade for Trade) series means no intraday trading, delivery-based transactions only, and T+1 settlement. This provides a controlled trading environment during the initial listing phase before migration to regular EQ series.

Corporate Structure Impact: The demerger separates the Industrial Business into an independent listed entity (SKF India Industrial Limited), which was previously an unlisted wholly-owned subsidiary. This creates focused business entities and may improve operational efficiency and market valuation.

Shareholder Impact: All existing equity shareholders of SKF India Limited receive shares in the newly listed SKF India (Industrial) Limited on a 1:1 basis, maintaining their proportionate ownership in the demerged Industrial Business.

Company Details

Registered Office: SKF India (Industrial) Limited Chinchwad Gaon, Chinchwad Pune - 411033, Maharashtra Tel: 020-6611 2501 Contact Person: Mr. Ranjan Kumar Website: www.skf.com Email: industrialindia@SKF.com

Registrar and Transfer Agent: MUFG Intime India Private Limited C 101, Embassy 247, L.B.S. Marg Vikhroli (West), Mumbai - 400083 Tel: 81081 18484 Website: https://in.mpms.mufg.com/ Email: csg-unit@in.mpms.mufg.com

Impact Justification

New company listing resulting from NCLT-approved demerger with 1:1 share ratio. Initially in BE (Trade for Trade) series affecting existing SKF India shareholders.