SKF India Ltd

The Board of Directors at its Board Meeting held on 3rd November 2022 on recommendation of Audit Committee has approved Investment by way of Equity participation (26%) in special purpose vehicle company for commissioning a Captive Project (Wind + Solar) via Open Access for Bangalore plant.Pursuant to Clause 1 of Schedule III Para A of Part A read with Regulation 30 (2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (as amended from time to time) (SEBI LODR) SKF India Limited (the company or SKF India) would like to inform the Stock Exchanges that the company has agreed to make an investment in M/s Cleanmax Taiyo Private Limited (the Investee Company) by acquiring 2600 fully paid up equity shares of Rs. 10/- each equivalent to 26% of the total issued and paid-up share capital of the Investee Company. Intimation is enclosed herewith.