Timken India Ltd. executed a substantial block trade on the National Stock Exchange (NSE), marking a significant transaction in the company's shares. The trade represents considerable institutional activity in the engineering and industrial solutions sector.

Transaction Details

The block trade demonstrated substantial market activity with specific parameters that highlight the scale of the transaction:

Market Significance

Block trades of this magnitude typically involve institutional investors, mutual funds, or other large market participants. Such transactions are executed outside the regular market to avoid impacting the stock's market price during normal trading hours. The execution price of Rs. 3403.80 per share reflects the current market valuation at the time of the transaction.

The transaction volume of approximately 50,062 shares represents a meaningful portion of trading activity, indicating either strategic portfolio adjustments or significant investor interest in Timken India's equity. Block trades often serve as indicators of institutional confidence or strategic repositioning by large stakeholders in the company's future prospects.

Timken India Limited has issued a postal ballot notice dated February 26, 2026, seeking shareholder approval for two significant board appointments through remote e-voting. The company has outlined a comprehensive schedule for the voting process, with key dates spanning from late February through early April 2026.

Proposed Board Appointments

The postal ballot covers two distinct resolutions for board appointments:

E-Voting Schedule and Process

The company has established a detailed timeline for the postal ballot process:

The remote e-voting will commence on Friday, March 6, 2026 at 9:00 AM IST and conclude on Saturday, April 4, 2026 at 5:00 PM IST. National Securities Depository Limited (NSDL) has been engaged to provide the e-voting facility.

Director Profiles and Qualifications

Mr. Soumitra Hazra - Independent Director Re-appointment

Mr. Hazra brings 40 years of diverse professional experience in finance and legal matters. He was initially appointed as an Independent Director on May 31, 2024 for a period of 2 years and is now proposed for re-appointment for an additional 3-year term.

Mr. Michael Discenza - Non-Executive Director Appointment

Mr. Discenza serves as Vice President and Chief Financial Officer of The Timken Company, bringing extensive financial expertise and strategic direction capabilities.

Governance and Compliance Framework

The postal ballot process adheres to Section 110 of the Companies Act, 2013, and related rules. The Nomination and Remuneration Committee has evaluated both appointments based on the company's NRC Policy, considering personal specifications and required skills for board effectiveness.

M/s V Sreedharan & Associates, Practicing Company Secretaries, have been appointed as scrutinizers to ensure fair and transparent voting. The scrutinizer will submit a consolidated report within two working days of voting conclusion, with results to be declared on the company's website and forwarded to stock exchanges.

Voting rights will be proportional to shareholders' paid-up equity share capital as on the cut-off date of February 27, 2026. Only members whose names appear in the Register of Members or Register of Beneficial Owners maintained by depositories on the cut-off date will be entitled to vote. The postal ballot notice is available on the company's website at the statutory compliances section.