Kennametal India Limited has initiated a postal ballot process to secure shareholder approval for material related party transactions with its ultimate holding company, Kennametal Inc., USA, and its fellow subsidiary, Kennametal Europe GmbH, Switzerland. The company seeks consent for transactions estimated at INR 9,295 Million with Kennametal Inc. and INR 11,050 Million with Kennametal Europe GmbH for the financial year 2026-27, effective July 1, 2026.

The Board of Directors, at its meeting held on May 7, 2026, approved the proposal to seek shareholder nod via remote e-voting. The company stated that these transactions are essential for its ongoing operations, involving the purchase and sale of raw materials, semi-finished and finished products, capital goods, and the sharing of services. These activities are conducted on an arm's length basis in accordance with the company's transfer pricing policy.

Details of Proposed Transactions

The resolutions categorize the nature of transactions with both entities. For Kennametal Inc., the approvals encompass sales, purchases, capital goods procurement, and various cross-charges for revenue and expenses, including IT and professional services, alongside royalty payments. Transactions with Kennametal Europe GmbH are primarily focused on sales, purchases, and cross-charges for revenue and expenses.

E-Voting Schedule and Process

The postal ballot notice has been dispatched electronically to shareholders whose names appear on the Register of Members or List of Beneficial Owners as of the cut-off date, May 8, 2026. The company has engaged Central Depository Services (India) Limited (CDSL) to facilitate the remote e-voting process.

Mr. Vijayakrishna K T, Practising Company Secretary, has been appointed as the Scrutinizer to ensure the voting process is conducted fairly and transparently. Shareholders can cast their votes through the remote e-voting facility during the specified window. The resolutions will be deemed to be passed on the last date of voting if they receive the requisite majority.

Kennametal India Limited reported its unaudited financial results for the third quarter and nine months ended March 31, 2026, reflecting a notable improvement in revenue and profitability on a year-on-year basis. The results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on May 7, 2026, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Q3FY26 Financial Performance

The company's total income from operations for the quarter ended March 31, 2026 rose to ₹4,075 million, compared to ₹3,365 million in the preceding quarter ended December 31, 2025, and ₹2,941 million in Q3FY25. Net profit before tax for Q3FY26 stood at ₹692 million, significantly higher than ₹353 million in Q2FY26 and ₹328 million in Q3FY25. Net profit after tax for the quarter came in at ₹514 million, against ₹244 million in both the preceding quarter and the corresponding quarter of the previous year.

The following table summarises the key financial metrics for the quarter ended March 31, 2026:

Nine-Month Performance

For the nine months ended March 31, 2026, total income from operations reached ₹10,424 million, compared to ₹8,576 million for the nine months ended March 31, 2025. Net profit after tax for the nine-month period stood at ₹1,072 million, against ₹716 million in the corresponding period of the previous year. Basic and diluted earnings per share for the nine months ended March 31, 2026 were ₹48.77, compared to ₹32.58 for the nine months ended March 31, 2025.

Interim Dividend and Record Date

The Board of Directors, at its meeting held on May 7, 2026, declared an interim dividend of Rs. 40/- (Rupees Forty only) per equity share of Rs. 10/- each for the financial year 2025-26. The company has fixed May 15, 2026 as the Record Date for determining the shareholders entitled to receive this interim dividend.

Impact of Labour Codes

The company noted that on November 21, 2025, the Government of India notified the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 — collectively referred to as the Labour Codes — consolidating 29 existing labour laws into a unified framework. The assessment of these changes resulted in an increase in gratuity liability arising out of past service cost by ₹52 million during the quarter and nine months ended March 31, 2026 (March 31, 2025: Nil), with an incremental impact of ₹18 million during the quarter due to a change in salary structure. This amount has been included under "Employee benefits expense" in the financial results. The company has stated it will continue to monitor the finalisation of Central and State Rules and record any additional accounting impact as required.

Compliance and Availability of Results

The financial results have been prepared in accordance with the Indian Accounting Standards notified under Section 133 of the Companies Act, 2013, and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of the financial results is available on the BSE website ( www.bseindia.com ) and on the company's website ( https://www.in.investors.kennametal.com/ ). The results were signed by Vijaykrishnan Venkatesan, Managing Director, on behalf of the Board of Directors, from Bengaluru on May 7, 2026.