Timken India has closed its trading window for designated persons and insiders effective July 1, 2026, to comply with insider trading regulations ahead of its quarterly financial results. The window will remain shut until the expiry of 48 hours after the submission or publication of the financial results for the quarter ending June 30, 2026, to the stock exchanges following Board approval. This measure is in accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and the company's internal Code of Conduct to regulate, monitor, and report trading by insiders.

The closure of the trading window is a standard procedure implemented to prevent the misuse of unpublished price-sensitive information (UPSI) during the period leading up to financial announcements. By restricting trading activities, Timken India aims to ensure market integrity and protect the interests of investors.

Key Dates and Restrictions

The following schedule outlines the specific timelines related to the trading window closure and the upcoming financial announcement:

The company has stated that the specific date of the Board meeting convened to approve the financial results for the quarter ending June 30, 2026, will be intimated to the exchanges shortly. Shareholders and market participants should await the official announcement regarding the results declaration schedule.

Timken India Limited faces a legal challenge from Artech International Private Limited, which has filed a civil suit before the High Court of Calcutta challenging the termination of its distributor agreement and claiming damages of approximately Rs 107.86 crore. The company terminated the distributor agreement effective July 7, 2026, through a notice issued on May 8, 2026. The matter was heard by a vacation bench of the High Court of Calcutta on May 29, 2026, where Timken India raised the point regarding the maintainability of the civil suit. The company stated it does not anticipate any financial implications at this stage.

Legal Proceedings and Claims

Artech International Private Limited was appointed as a distributor of Timken India through the execution of distributor agreements. The company terminated these agreements by providing a 60-day notice period. In response, the plaintiff filed the suit challenging the validity of the termination notice dated May 8, 2026, and alternatively sought damages.

Company Response

Timken India has contested the maintainability of the civil suit filed against it. The company, in its disclosure to the exchanges, clarified that it does not expect any financial impact arising from this legal proceeding at the current stage. The filing was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.