Proceedings of 60th Annual General Meeting of Kennametal India Limited
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Kennametal India held its 60th AGM in Bengaluru on November 6, 2025, chaired by Independent Director Mr. Amit Laroya. Shareholders approved all six resolutions, including the adoption of FY25 audited financial statements, re-appointment of Mr. Keith Alan Mudge (rotational director), and the ratification of an interim dividend of Rs 40 per share (400%) as the final dividend for FY25, on 2.19 crore equity shares. They also approved the ratification of cost auditor remuneration, appointment of new secretarial auditors (M/s. V. Sreedharan & Associates), and payment of commission to independent directors. The Managing Director presented FY25 performance showing total income of Rs 1,184.7 crore and PBT of Rs 140.2 crore, with revenue growing at an 8.2% CAGR over the last five years to Rs 1,170.3 crore. Key wins included a Rs 12 crore tooling order from a PSU railway customer and strong showings at IMTEX 2025 with over Rs 10 crore in closed orders. Auditors' reports were clean with no qualifications. E-voting results will be declared on or before November 10, 2025.
The confirmation of a Rs 40 per share (400%) dividend as final is the main positive signal for shareholders, rewarding them despite the marginal decline in PBT from Rs 151.3 crore to Rs 140.2 crore year-on-year. Clean audit reports and revenue growth across Hard Metal and Machining Solutions segments suggest operational stability, though headwinds from slowing passenger and commercial vehicle production remain a concern.