Schaeffler India Limited Announces Resignation of R. Sampath Kumar, Non-Executive Non-Independent Director
May 30, 2020 at 12:01 pm IST
Share
Schaeffler India Limited announced that pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III of the Listing Regulations, the exchanges are hereby informed that Mr. R. Sampath Kumar [DIN: 00495192], Non-Executive Non-Independent Director of the Company, has tendered his resignation with effect from close of business hours of May 29, 2020 on account of his growing professional commitments.
Schaeffler India Limited is an India-based automotive and industrial component supplier. The Company provides components and systems for engine, transmission, and chassis applications for hybrid, electric, and combustion-engine-powered vehicles. The Companyâs segments include Automotive Technologies, Automotive Aftermarket, Industrial, and Exports & Others. The Automotive Technologies segment develops products using sustainable technologies for passenger and commercial vehicles, tractors, and off-highway segments. The Automotive Aftermarket provides data-driven services and plug-and-play solutions for transmission, engine, and chassis systems. It also includes three brands, such as LuK, INA and FAG. The Industrial segment offers a portfolio of bearing solutions, ranging from high-speed and high-precision bearings with small diameters, to large-size bearings, several meters wide. The Exports & Others segment includes exports to group companies and scrap sales.
SCHAEFFLER INDIA LIMITED 
