Meeting Details

The 39th Annual General Meeting was held on Tuesday, 18 August 2026 at 3:00 PM (IST) through Video Conferencing/Other Audio Visual Means.

Attendance

Directors Present:

  • Mr. Sanjay Koul (DIN:05159352) - Chairman & Managing Director, Chairman of Corporate Social Responsibility Committee and Risk Management Committee
  • Mr. Soumitra Hazra - Independent Director, Chairman of the Audit Committee
  • Mr. George J Ollapally - Independent Director, Chairman of the Stakeholders Relationship Committee and the Nomination and Remuneration Committee
  • Mr. Sumit Rathor - Independent Director
  • Dr. Lakshmi Lingam - Independent Director
  • Mr. Sujit Kumar Pattanaik - Business Controller – India, CFO & Whole-time Director

Other Attendees:

  • Mr. Mandar Vasmatkar - Company Secretary & Chief – Compliance
  • Mr. Ankit Daga - M/s. Deloitte Haskins & Sells LLP, Statutory Auditors
  • Mr. Nagarjun YG - Secretarial Auditor
  • Mr. Pradeep B Kulkarni - Scrutinizer for Meeting

Absent Directors:

  • Mr. Michael Discenza
  • Mr. Hansal Patel (DIN:09607506)

Voting Arrangements

Remote e-voting facility was available from 15 August 2026 to 17 August 2026 (both days inclusive). Members attending the meeting who had not participated in remote e-voting could vote through the e-voting option available in the NSDL portal.

Agenda Items Considered

1. Adoption of Audited Financial Statements for the financial year ended 31 March 2026 along with reports of the Board of Directors and Statutory Auditors

2. Declaration of dividend of ₹2.50 per equity share of ₹10 each fully paid up for the financial year ended 31 March 2026

3. Appointment of a Director in place of Mr. Hansal Patel (DIN:09607506), who retires by rotation and being eligible, offers himself for re-appointment

4. Ratification of remuneration payable to the Cost Auditors

5. Material Transactions with Related Party The Timken Company

6. Material Transactions with Related Party The Timken Corporation

7. Material Transactions with Related Party Timken Wuxi Bearings Co. Ltd.

Meeting Proceedings

The Chairman declared quorum present and opened the meeting. The Notice of the 39th AGM and Annual Report for FY 2025-26 were sent by email as permitted by regulatory authorities. Members were allowed to ask questions, which were answered by the Chairman.

Outcome Declaration

The consolidated voting results from both remote e-voting and meeting e-voting will be declared upon receipt of the Scrutinizer's report. The results will be placed on the company's website and filed with stock exchanges separately.