Please find enclosed the copy of Postal Ballot Notice dated May 7, 2026
KENNAMET · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kennametal India Limited is seeking shareholder approval via postal ballot for two material related party transactions for FY 2026-27 (effective July 1, 2026). The first transaction is with its Ultimate Holding Company, Kennametal Inc., USA, for estimated transactions worth INR 9,295 million including sales, purchases, IT charges, professional services, and royalty. The second is with Fellow Subsidiary Kennametal Europe GmbH, Switzerland, for INR 11,050 million including sales and purchases. Both transactions represent approximately 79-94% of the company's annual consolidated turnover. The existing shareholder approvals expire on June 30, 2026, necessitating fresh approval. Voting period runs from May 23, 2026 to June 21, 2026, with results to be declared by June 23, 2026.
Shareholders should approve these resolutions to ensure uninterrupted business operations, as these transactions with the parent group are essential for raw material procurement, product sales, and technology access. The company states all transactions are on arm's length basis and in ordinary course of business.