21-Oct-2026 08:48:35
SCHAEFFLERGeneral news
SCHAEFFLER INDIA: CEO & MANAGING DIRECTOR TAKEN INTO CUSTODY IN FACTORY ACCIDENT INVESTIGATION
• CEO & MD Harsha Gopal Kadam taken into custody by authorities on October 19, 2026, around 6:40 PM. • Investigation relates to an accident at the company's factory premises on June 9, 2026. • Accident involved a service provider's employee who allegedly sustained injuries during electrical cylinder replacement. • Investigation scope expanded to include the Managing Director, who was not at the factory premises when the accident occurred. • Company confirms full cooperation with authorities and consultation with legal advisors. • Senior management continues to oversee day-to-day operations. • Company states that business operations are continuing normally.
SCHAEFFLER INDIA LIMITED