Pursuant to Regulation 30 of SEBI LODR, Regulations 2015, this is to inform that the Board of Directors of Kennametal India Limited at its meeting held today i.e., May 15, 2025, has, subject ....
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Kennametal India's Board approved the un-audited financial results for Q3 and nine months ended March 31, 2025, with the statutory auditors issuing a clean Limited Review Report with no qualifications or adverse remarks. The Board declared an interim dividend of INR 40 per share (400% on face value of INR 10), which is higher than previous years, citing the company's strong cash flows. The record date for dividend eligibility is May 28, 2025. Additionally, the Board decided to seek shareholder approval via postal ballot for four items: material related party transactions with parent Kennametal Inc. and Kennametal Europe GmbH, appointment of a new Non-Executive Director, and re-appointment of Mr. Vijaykrishnan Venkatesan as Managing Director for another 5-year term from September 17, 2025.
The clean auditor report and a higher-than-prior interim dividend (signaling confidence backed by strong cash flows) are positive for shareholders. Shareholders should watch the upcoming postal ballot, particularly the material related party transactions with group entities, which require their approval.