Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we write to inform you about civil suit filed by Artech International Private Limited ....
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Timken India has disclosed that Artech International Private Limited, a former distributor, has filed a civil suit against the company at the High Court of Calcutta. The company terminated the Distributor Agreement on 8 May 2026 with 60 days notice, effective 7 July 2026. Artech is challenging this termination and alternatively claiming damages of approximately Rs 107.86 crore. The matter was heard on 29 May 2026 by a vacation bench, where the company raised the point about maintainability of the civil suit. The company currently does not expect any financial implications from this litigation.
For now, this appears to be a routine commercial dispute that the company is contesting. The claim of Rs 107.86 crore is significant but the company has indicated it does not anticipate financial impact at this stage.