Please find enclosed the copy of newspaper advertisement regarding Notice of Postal Ballot and remote E-voting information published in Financial Express, English Newspaper and Sanje Vani, ....
KENNAMET · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kennametal India has informed the stock exchange about publishing a postal ballot notice in Financial Express (English) and Sanje Vani (Kannada) newspapers on May 27, 2025. Shareholders will vote on four resolutions via remote e-voting between May 27, 2025 (9:00 AM) and June 25, 2025 (5:00 PM). The resolutions include approval of material related party transactions with its parent Kennametal Inc. (USA) and Kennametal Europe GmbH (Switzerland), appointment of Mr. Faisal Saad Hamadi as a Non-Executive Non-Independent Director, and re-appointment of Mr. Vijaykrishnan Venkatesan as Managing Director for another 5-year term starting September 17, 2025. Results are expected to be declared by June 27, 2025. CDSL has been appointed as the e-voting service provider, and Mr. Vijayakrishna K T has been appointed as the Scrutinizer.
This is a routine procedural filing informing shareholders about the postal ballot process. The MD re-appointment and related party transactions with the US parent and European subsidiary are key items requiring shareholder approval. No immediate impact on stock price is expected; outcome will depend on voting results.