Please find enclosed herewith the Postal Ballot Notice dated February 5, 2026 along with the Explanatory Statement.
KENNAMET · price
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Awaiting price reaction for this filing.
Kennametal India has sent a Postal Ballot Notice to shareholders seeking approval to increase the limits of material related party transactions (RPTs) with its ultimate holding company Kennametal Inc., USA and fellow subsidiary Kennametal Europe GmbH, Switzerland for FY 2025-26. The proposed enhancement for Kennametal Inc. is an additional ₹1,440 million, raising the total transaction value from ₹3,457 million to ₹4,897 million, mainly to cover extra purchases of ₹1,000 million, sales of ₹400 million, and royalty of ₹40 million. For Kennametal Europe GmbH, an additional ₹1,700 million is proposed, raising the total from ₹3,555 million to ₹5,255 million, covering extra purchases of ₹1,200 million and sales of ₹500 million. The company cited unprecedented and ongoing increases in raw material prices as the reason for needing higher transaction limits. E-voting will run from March 7, 2026 to April 5, 2026, with results declared by April 7, 2026. Promoter entities Kennametal Inc. and Meturit AG will not vote on these resolutions.
This is a routine compliance matter under SEBI Listing Regulations requiring shareholder approval for material RPTs. The outcome is unlikely to affect the stock price significantly, but minority shareholders should note that promoter-affiliated entities cannot vote, so approval depends on institutional and retail non-promoter shareholders. The enhanced limits indicate higher business activity with the parent group, driven by raw material cost inflation.