Timken India Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 19, 2025
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Timken India held its 38th Annual General Meeting on August 19, 2025 via video conferencing, chaired by Chairman & Managing Director Mr. Sanjay Koul. The meeting covered adoption of audited financial statements for FY2024-25 and the declaration of a dividend of Rs. 36 per equity share (on face value Rs. 10). Shareholders were also asked to vote on the re-appointment of Mr. Avishrant Keshava as Director, appointment of Mr. Sumit Rathor as Independent Director, re-appointment of Dr. Lakshmi Lingam as Independent Director, and appointment of Mr. Sujit Kumar Pattanaik as Whole-time Director. Four related party transactions with Timken group entities (The Timken Company, The Timken Corporation, Timken Engineering and Research-India, and Timken Wuxi Bearings) were placed before members for approval, along with ratification of cost auditors and appointment of the secretarial auditor. E-voting was open from August 16-18, 2025, and the consolidated voting results will be filed separately with the exchanges.
The Rs. 36 dividend signals strong cash returns for shareholders, reinforcing Timken India's shareholder-friendly track record. The related party transactions with parent group entities indicate continued dependence on intra-group dealings, which investors should monitor. Final voting results on all 12 resolutions will provide clarity on shareholder approval once filed.