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An update from Schaeffler India Ltd ( (IN:SCHAEFFLER) ) is now available.
Schaeffler India Limited has announced that non-executive, non-independent director Andreas Schick has resigned from the company’s board, effective from the close of business on 31 March 2026, as he prepares to leave the wider Schaeffler Group. The company, which received his resignation letter on 6 February 2026, clarified that there are no additional material reasons for his departure beyond his exit from the parent group, indicating a routine board-level change rather than a signal of operational or strategic shift for stakeholders.
More about Schaeffler India Ltd
Schaeffler India Limited is the Indian arm of the global Schaeffler Group, active in the industrial and automotive engineering space, supplying bearings, motion products and related technologies to original equipment manufacturers and the replacement market across India.
Average Trading Volume: 4,500
Technical Sentiment Signal: Buy
Current Market Cap: 598.9B INR
See more insights into SCHAEFFLER stock on TipRanks’ Stock Analysis page.