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. The meeting ended at 3:45 PM IST.

Scrutinizer Appointment

Pradeep B Kulkarni, Partner of V. Sreedharan and Associates, Company Secretaries, Bengaluru, was appointed as Scrutinizer on 18 May 2026 pursuant to Section 108 of Companies Act, 2013 and Regulation 44 of SEBI LODR Regulations, 2015.

Voting Process Details

  • Remote e-voting period: Saturday, 15 August 2026 (9:00 AM IST) to Monday, 17 August 2026 (5:00 PM IST)
  • Cut-off date for voting rights: Tuesday, 11 August 2026
  • Total shareholders on record date: 71,576
  • Shareholders attended meeting through VC: 71 (all public)
  • E-voting facility provided by National Securities Depository Limited (NSDL)
  • Votes cast through e-voting were unblocked on 18 August 2026 at 4:15 PM IST

Resolution Voting Results

Ordinary Business

Resolution 1: Adoption of Audited Financial Statements for FY26

  • Total votes polled: 64,473,651 (85.7149% of outstanding shares)
  • Votes in favor: 64,473,521 (99.9998%)
  • Votes against: 130 (0.0002%)
  • Number of members voted: 361
  • Resolution: Passed

Resolution 2: Declaration of Dividend of ₹2.50 per equity share

  • Total votes polled: 64,473,999 (85.7153% of outstanding shares)
  • Votes in favor: 64,473,973 (99.99%)
  • Votes against: 26 (0.01%)
  • Number of members voted: 359
  • Resolution: Passed

Resolution 3: Re-appointment of Mr. Hansal Patel (DIN: 09607506) as Director

  • Total votes polled: 64,473,997 (85.7153% of outstanding shares)
  • Votes in favor: 63,682,457 (98.77%)
  • Votes against: 791,540 (1.23%)
  • Number of members voted: 363
  • Resolution: Passed

Special Business

Resolution 4: Ratification of remuneration payable to Cost Auditors

  • Total votes polled: 64,473,997 (85.7153% of outstanding shares)
  • Votes in favor: 64,473,837 (99.99%)
  • Votes against: 160 (0.01%)
  • Number of members voted: 358
  • Resolution: Passed

Resolution 5: Material Transactions with Related Party - The Timken Company

  • Total votes polled: 26,073,973 (34.6642% of outstanding shares)
  • Votes in favor: 26,072,993 (99.9962%)
  • Votes against: 980 (0.0038%)
  • Invalid votes: 3,839,988 (from 3 members)
  • Number of members voted: 354
  • Resolution: Passed

Resolution 6: Material Transactions with Related Party - The Timken Corporation

  • Total votes polled: 26,073,973 (34.6642% of outstanding shares)
  • Votes in favor: 26,072,992 (99.9962%)
  • Votes against: 981 (0.0038%)
  • Invalid votes: 3,839,988 (from 3 members)
  • Number of members voted: 354
  • Resolution: Passed

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

  • Total votes polled: 26,073,973 (34.6642% of outstanding shares)
  • Votes in favor: 26,072,992 (99.9962%)
  • Votes against: 981 (0.0038%)
  • Invalid votes: 3,839,988 (from 3 members)
  • Number of members voted: 354
  • Resolution: Passed

Invalid Votes Explanation

Promoters, Directors and KMP (3 members) inadvertently voted in favor of resolutions 5, 6, and 7 (related party transactions), whereas they were not supposed to vote pursuant to the second proviso to Section 188(1) of Companies Act, 2013 and Regulation 23(4) of SEBI LODR Regulations, 2015. Their votes totaling 3,839,988 shares were invalidated for these three resolutions.

Shareholding Pattern

  • Total outstanding shares: 75,218,734
  • Promoter and Promoter Group holding: 38,399,988 shares (51.05%)
  • Public Institutions holding: 28,316,540 shares (37.65%)
  • Public Non-Institutions holding: 8,502,206 shares (11.30%)

Document Submission

The scrutinizer's report was issued to the company on 19 August 2026 and submitted to NSE and BSE on the same date.