Kennametal India seeks shareholder approval via postal ballot for material related party transactions with its parent and a fellow subsidiary.
Proposed transactions with Kennametal Inc. USA total INR 9.295 billion and with Kennametal Europe GmbH total INR 11.05 billion for FY 2026-27.
Remote e-voting is scheduled from May 23, 2026, to June 21, 2026, with results to be declared by June 23, 2026.
The transactions include sales, purchases, cross-charges, and royalty payments, all stated to be at arm's length and in the ordinary course of business.