Timken India announced on July 13, 2026, that it has secured four Bureau of Indian Standards (BIS) licenses for its bearing products across two manufacturing facilities. The certifications cover Cylindrical Roller Bearing (CRB) and Tapered Roller Bearing (TRB) roller production at its Bharuch (new) plant and TRB roller production at its Jamshedpur plant. These licenses validate the company's adherence to stringent national standards for bearing performance and safety.

The regulatory approvals are expected to reduce technical qualification barriers for original equipment manufacturers (OEMs) and infrastructure projects. By achieving BIS certification, Timken India aims to simplify procurement processes for regulated sectors and improve supply assurance through certified manufacturing across its plants. The company stated that these certifications would also enhance operational reliability for its customers and partners.

Manufacturing and Certification Details

The four licenses were issued after a rigorous evaluation of product design, manufacturing processes, and quality-control systems. The specific production sites and product categories covered by the new licenses are outlined below:

Sanjay Koul, Chairman & Managing Director of Timken India Limited, highlighted the significance of this achievement. He noted that securing four BIS licenses and being the first in India to obtain CRB and TRB roller licenses across multiple plants underscores the company's commitment to quality and engineering standards.

Market Impact and Future Outlook

The new certifications position Timken India to better serve distributors and customers participating in tenders that require BIS-certified components. The company indicated that it would continue to invest in testing, process controls, and capacity to meet the growing demand for certified products. This move is intended to strengthen the company's leadership in manufacturing excellence and regulatory compliance within the bearings industry.

Timken India has detailed the tax deduction at source (TDS) norms for the recommended dividend of Rs 2.50 per equity share for the financial year ended March 31, 2026. The dividend is subject to shareholder approval at the 39th Annual General Meeting. The company specified that tax will be deducted in accordance with the Income Tax Act, 2025, with rates varying based on the shareholder's residency status and documentation submitted.

Resident individuals must provide a valid Permanent Account Number (PAN) to ensure a 10% TDS rate; failure to provide a valid PAN will result in a 20% deduction. No tax will be deducted if the aggregate dividend does not exceed Rs 10,000 or if a valid declaration in Form 121 is submitted. Certain resident non-individual entities, such as insurance companies and mutual funds, may qualify for a nil rate upon submitting specific documentary evidence and self-declarations.

Non-resident shareholders and foreign companies are subject to a withholding tax of 20%, plus applicable surcharge and cess. They may opt for beneficial rates under the Double Tax Avoidance Agreement (DTAA) by providing documents including a Tax Residency Certificate and Form 41. The company emphasized that the application of beneficial DTAA rates depends on the satisfactory review of submitted documents.

Key Meeting and Tax Details

Shareholders must submit necessary tax-related documents to the Registrar and Transfer Agent by August 8, 2026, to ensure the correct TDS rate is applied. The company stated that no requests for tax revision will be entertained once the TDS is deducted based on available records. The communication was signed by Sujit Kumar Pattanaik, Business Controller - India, Chief Financial Officer & Whole-time Director.