Timken India Limited Announces Postal Ballot for Director Appointments
Timken India Limited has announced a postal ballot for two board appointments - re-appointment of Mr. Soumitra Hazra as Independent Director for 3 years from May 31, 2026, and appointment of Mr. Michael Discenza as Non-Executive Director from April 15, 2026. Remote e-voting will be conducted from March 6-April 4, 2026, with cut-off date February 27, 2026.
*this image is generated using AI for illustrative purposes only.
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:
| Resolution Type: | Director Details | Effective Date |
|---|---|---|
| Special Resolution | Re-appointment of Mr. Soumitra Hazra (DIN: 02293182) as Independent Director for 3 years | May 31, 2026 |
| Ordinary Resolution | Appointment of Mr. Michael Discenza (DIN: 10644441) as Non-Executive Director | April 15, 2026 |
E-Voting Schedule and Process
The company has established a detailed timeline for the postal ballot process:
| Event: | Date |
|---|---|
| Cut-off date for remote e-voting | February 27, 2026 |
| Dispatch of notice to Members through email | March 5, 2026 |
| Remote e-voting start date | March 6, 2026 |
| Remote e-voting end date | April 4, 2026 |
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.
| Professional Details: | Information |
|---|---|
| Age | 66 years (born September 25, 1959) |
| Qualifications | B.Com from Calcutta University, Member of ICAI and ICSI |
| Experience | 40 years in finance, audit, corporate governance, and legal matters |
| Current Committee Roles | Chairman of Audit Committee, Member of Stakeholders Relationship and Risk Management Committees |
| Shareholding | 3 Equity Shares |
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.
| Professional Details: | Information |
|---|---|
| Age | 54 years (born August 3, 1971) |
| Qualifications | Bachelor's and Master's degree in Economics from University of Akron, Certified Management Accountant |
| Experience | Over 25 years with Timken since 2000 in various financial and accounting leadership roles |
| Current Directorships | Timken Engineering and Research India Private Limited, Timken GGB Technology Private Limited |
| Shareholding | Nil |
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.
Historical Stock Returns for Timken
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.83% | +6.19% | +10.82% | +10.93% | +32.22% | +157.44% |
