Timken India Limited has announced a dividend of ₹36 per equity share of ₹10 each for the financial year ended March 31, 2025. The announcement was made along with the notice for the 38th Annual General Meeting (AGM) which is scheduled to be held on August 19, 2025, via video conferencing. The dividend, if declared at the AGM, will be paid to shareholders whose names appear on the Register of Members as of July 25, 2025.
| Particulars | Details |
|---|---|
| Dividend per share | ₹36.00 |
| Record Date | July 25, 2025 |
| Payment Date | To be determined at AGM on August 19, 2025 |
AGM Details and Other Resolutions
The 38th AGM of Timken India Limited is scheduled for August 19, 2025, and will be conducted through Video Conferencing (VC). The notice includes several resolutions, including the adoption of audited financial statements for the year ended March 31, 2025, and the re-appointment of Mr. Avishrant Keshava as a Director.
Appointment and Re-appointment of Directors
The AGM will also address the appointment of Mr. Sumit Rathor as an Independent Director for a period of 2 years starting October 1, 2025, and the re-appointment of Dr. Lakshmi Lingam as an Independent Director for a further period of 3 years, also effective from October 1, 2025. Additionally, the appointment of Mr. Sujit Kumar Pattanaik as a Whole-time Director for a term of 5 years starting September 30, 2025, will be considered.
Ratification of Remuneration for Auditors
Shareholders will also consider the ratification of remuneration payable to M/s. Shome & Banerjee, the Cost Auditors, for conducting the Cost Audit for the financial year 2025-26. The proposed remuneration is ₹6,62,000 plus applicable taxes and reimbursement of expenses. Furthermore, the appointment of Mr. Nagarjun Y G as Secretarial Auditor for a period of 5 years from FY 2025-26 to FY 2029-30 will be up for approval. The proposed fees for FY 2025-26 is ₹3,00,000 plus taxes and out of pocket expenses.
Related Party Transactions
The AGM will also seek approval for material related party transactions with The Timken Company, The Timken Corporation, Timken Engineering and Research-India Private Limited, and Timken Wuxi Bearings Co. Ltd. These transactions include the purchase and sale of goods, expense receivables and payables, and royalty payments.
| Name of Related Party | Nature of Transactions | Actual transactions for year ended 31 March, 2025 (₹ Million) | Estimated transactions for FY 2025-26 (₹ Million) | Estimated transaction as % to turnover of FY 2024-25 |
|---|---|---|---|---|
| The Timken Company | Purchase of Goods | 526.97 | 1,188.00 | |
| The Timken Company | Sale of Goods | 1,352.65 | 3,056.00 | |
| The Timken Company | Expense Receivable | 3.84 | 96.00 | |
| The Timken Company | Expense Payable | 219.33 | 348.00 | |
| The Timken Company | Agency Commission (Income) | 3.69 | 60.00 | |
| The Timken Company | Purchase of Property, Plant & Equipment | 0.79 | 120.00 | |
| The Timken Company | Royalty | 808.16 | 984.00 | |
| The Timken Company | Total | 2,915.43 | 5,852.00 | 19% |
| The Timken Corporation | Purchase of Goods | 1,458.12 | 1,685.00 | |
| The Timken Corporation | Sale of Goods | 2,769.77 | 8,052.00 | |
| The Timken Corporation | Purchase of Property, Plant & Equipment | 15.33 | 708.00 | |
| The Timken Corporation | Expense Receivable | 3.55 | 60.00 | |
| The Timken Corporation | Expense Payable | 120.00 | ||
| The Timken Corporation | Agency Commission (Income) | 12.87 | 60.00 | |
| The Timken Corporation | Total | 4,259.64 | 10,685.00 | 34% |
| Timken Engineering and Research-India Private Limited | Expense Receivable | 44.15 | 108.00 | |
| Timken Engineering and Research-India Private Limited | Expense Payable | 123.46 | 216.00 | |
| Timken Engineering and Research-India Private Limited | Purchase of Goods | 1577.04 | 4,056.00 | |
| Timken Engineering and Research-India Private Limited | Sale of Goods | 201.64 | 636.00 | |
| Timken Engineering and Research-India Private Limited | Purchase of Property, Plant & Equipment | 12.44 | 96.00 | |
| Timken Engineering and Research-India Private Limited | Purchase of export Licenses | 1.07 | ||
| Timken Engineering and Research-India Private Limited | Total | 1,959.8 | 5,112 | 16% |
| Timken Wuxi Bearings Co. Ltd. | Purchase of Goods | 3728.24 | 6372.00 | |
| Timken Wuxi Bearings Co. Ltd. | Sale of Goods | 26.92 | 84 | |
| Timken Wuxi Bearings Co. Ltd. | Expense Receivable | 0.38 | 60 | |
| Timken Wuxi Bearings Co. Ltd. | Expenses Payable | 60 | ||
| Timken Wuxi Bearings Co. Ltd. | Purchase of Property, Plant & Equipment | 0.28 | 84 | |
| Timken Wuxi Bearings Co. Ltd. | Total | 3755.82 | 6660 | 21% |
E-Voting and Dividend Payment
The company will provide remote e-voting facilities for members to vote on the proposed resolutions. Dividend payments will be made electronically to shareholders, and those holding shares in physical form are required to update their KYC details on or before July 25, 2025, to receive the dividend.
