TIMKEN · price
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Timken India has called its 38th AGM on 19 August 2025 at 3:00 PM via video conferencing. The agenda includes adopting FY25 audited financial results, declaring a dividend of Rs. 36 per equity share (record date 25 July 2025), and reappointing Mr. Avishrant Keshava as director. Shareholders will also vote on appointing Mr. Sumit Rathor and reappointing Dr. Lakshmi Lingam as Independent Directors, and appointing Mr. Sujit Kumar Pattanaik as Whole-time Director (salary range Rs. 1.04–2.09 crore per annum) for 5 years. Four resolutions seek approval for material related party transactions with Timken group entities totalling about Rs. 28,309 million for FY 2025-26, ranging from 16% to 34% of the company's turnover. Additionally, shareholders will ratify cost auditor remuneration of Rs. 6.62 lakh and approve a new secretarial auditor for a five-year term starting FY 2025-26.
The agenda is largely routine, but the strong Rs. 36 per share dividend is a positive signal for income-focused investors. The large related party transactions underline Timken India's deep operational dependence on its global parent group, which shareholders must approve under SEBI's materiality rules.