Kennametal India Limited has successfully concluded its postal ballot process, with shareholders approving two ordinary resolutions related to enhanced limits for material related party transactions. The voting process was conducted entirely through electronic means from March 7, 2026 at 9:00 AM to April 5, 2026 at 5:00 PM, in compliance with regulatory requirements under the Companies Act, 2013 and SEBI Listing Regulations.

Postal Ballot Overview

The postal ballot notice was issued on February 5, 2026, with the cut-off date set as February 6, 2026. The company engaged Central Depository Services (India) Limited (CDSL) to provide the e-voting facility, and Vijayakrishna KT, Company Secretary (FCS No 1788, CP No.980), served as the scrutinizer for the voting process.

Resolution Results

Both resolutions were ordinary resolutions requiring simple majority approval, and both were passed successfully with overwhelming shareholder support.

Resolution 1: Kennametal Inc., USA Transaction Limits

The first resolution sought approval to enhance the limits of material related party transactions with Kennametal Inc., USA. This resolution received strong support from shareholders across all categories.

Resolution 2: Kennametal Europe GmbH Transaction Limits

The second resolution focused on enhancing transaction limits with Kennametal Europe GmbH, Switzerland, and also received substantial shareholder approval.

Regulatory Compliance

The postal ballot was conducted in accordance with Section 108 and Section 110 of the Companies Act, 2013, read with Rule 20 and 22 of the Companies (Management and Administration) Rules, 2014. The process also complied with various MCA circulars and Regulation 44 of SEBI Listing Regulations. As per regulatory requirements, the voting results have been made available on the company's website at the designated shareholder services section.

The scrutinizer's report confirmed that all relevant records relating to remote e-voting were properly maintained and will be preserved by the company. Both resolutions were deemed passed on April 5, 2026, the last date specified for e-voting, with the formal announcement made on April 7, 2026.

Kennametal India Limited has announced a key senior management appointment, strengthening its leadership team with an experienced industry professional. The company's Board of Directors approved the appointment during a meeting held on March 30, 2026, following a recommendation from the Nomination and Remuneration Committee.

Board Meeting Details

The Board of Directors of Kennametal India Limited convened on March 30, 2026, to deliberate on senior management appointments. The meeting commenced at 5:30 PM and concluded at 5:48 PM, during which the directors approved the appointment based on the Nomination and Remuneration Committee's recommendation.

Senior Management Appointment

Mr. Akshay Kulkarni, who currently serves as Senior General Manager - Sales, has been appointed as Senior Management of the company. The appointment takes effect immediately from March 30, 2026, with no specific term mentioned for the position.

Professional Background

Mr. Kulkarni brings extensive experience to his new role, with over 22+ years in the engineering and industrial manufacturing sector, particularly specializing in metal cutting and industrial solutions. His educational credentials include a Bachelor's Degree in Mechanical Engineering and a Master's degree in Management.

Before joining Kennametal India Limited, he held key leadership positions with globally recognized organizations including Johnson Controls and 3M India Limited. His diverse experience across these organizations has enabled him to develop expertise in strategic sales leadership, customer engagement, and business growth in complex industrial markets.

Career Progression at Kennametal

Mr. Kulkarni's journey with Kennametal India Limited began on May 2, 2024, when he joined as National Sales Manager with the designation of General Manager. His performance and leadership capabilities led to a promotion to Senior General Manager - Sales, recognizing his strong business acumen and the significant impact he delivered within a short timeframe.

Regulatory Compliance

The appointment disclosure was made pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided comprehensive details as required under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, ensuring full regulatory compliance in announcing this senior management change.