Timken India Limited has announced that its Board of Directors will meet on Thursday, May 14, 2026, to review and approve key financial matters for the concluded financial year. The meeting notification was issued on April 15, 2026, in accordance with regulatory requirements.

Board Meeting Agenda

The upcoming board meeting will address two primary items of business that are crucial for shareholders and stakeholders. The directors will deliberate on the company's financial performance and potential returns to equity holders.

Regulatory Compliance

The announcement was made pursuant to Regulation 29 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to provide prior intimation to stock exchanges regarding board meetings where financial results and dividend recommendations are to be considered.

Company Secretary and Chief Compliance Officer Mandar Vasmatkar signed the official communication sent to both the National Stock Exchange of India Limited and BSE Limited. The document was digitally signed on April 15, 2026, ensuring proper authentication and compliance with regulatory standards.

Company Information

Timken India Limited operates from its registered office located at Electronic City, Phase II, Hosur Road, Bangalore. The company specializes in engineered bearings, mechanical power transmission products, and industrial services. With its comprehensive product portfolio, the company serves various industrial sectors across India.

The board meeting represents a significant milestone in the company's annual reporting cycle, as it will mark the completion of the financial year 2025-26 reporting process. Shareholders and market participants will closely monitor the outcomes of this meeting for insights into the company's financial health and dividend policy.

Timken India Limited has successfully concluded its postal ballot voting process, announcing results for two critical director appointment resolutions with official scrutinizer's report. The company conducted the entire voting process through electronic means, demonstrating strong shareholder participation and overwhelming approval for both proposed resolutions.

Official Communication and Regulatory Filing

Company Secretary Mandar Vasmatkar officially communicated the postal ballot results to both NSE and BSE on April 6, 2026. The communication was made pursuant to Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full regulatory compliance.

Postal Ballot Process and Timeline

The postal ballot process was conducted in accordance with Regulation 44 of SEBI regulations and Ministry of Corporate Affairs guidelines. The Board of Directors appointed V Sreedharan & Associates as the scrutinizer at their meeting held on February 4, 2026. The postal ballot notice dated February 26, 2026 was dispatched to shareholders on March 5, 2026.

The company followed MCA General Circular guidelines, sending notices via email to registered shareholders and publishing advertisements in Financial Express (English) and Prajavani (Kannada) newspapers.

Resolution 1: Re-appointment of Independent Director

The first resolution concerned the re-appointment of Mr. Soumitra Hazra (DIN: 02293182) as an Independent Director, classified as a Special Resolution. The voting results demonstrated strong shareholder confidence in the appointment.

Resolution 2: Appointment of Non-Executive Director

The second resolution involved the appointment of Mr. Michael Discenza (DIN: 10644441) as Non-Executive Director, presented as an Ordinary Resolution. This resolution received exceptional shareholder support.

Scrutinizer's Compliance Report

V Sreedharan & Associates, led by Partner V Sreedharan (FCS: 2347; CP No. 833), conducted the scrutiny process ensuring full regulatory compliance. The scrutinizer confirmed that all votes were cast through electronic means only, with no physical postal ballot forms involved. The voting process concluded with votes being unblocked on April 4, 2026 at 5:02 PM IST.

Key compliance highlights include verification of shareholding against the Register of Members, confirmation of beneficial ownership through NSDL and CDSL records, proper maintenance of electronic voting registers, and adherence to the 30-day voting period as mandated.

Corporate Governance Achievement

The postal ballot results reflect Timken India's commitment to strong corporate governance practices. The high participation rate of 85.04% of paid-up equity capital demonstrates active shareholder engagement in corporate decision-making. Both resolutions have been successfully passed, enabling the company to strengthen its board composition with experienced leadership. The overwhelming approval rates indicate strong shareholder confidence in the proposed director appointments and the company's strategic direction.