Timken India Limited held its 38th Annual General Meeting (AGM) on August 19, 2025, where shareholders approved key resolutions, including a dividend declaration and director appointments. The meeting was conducted via video conferencing.
The shareholders approved a dividend of ₹36 per equity share of ₹10 each. The record date for determining dividend eligibility was August 12, 2025.
| Particulars | Details |
|---|---|
| Dividend per share | ₹36.00 |
| Record Date | August 12, 2025 |
During the AGM, shareholders voted on several resolutions, conducted through remote e-voting and e-voting during the meeting. Here’s a summary of the resolutions and voting outcomes:
Resolution 1: Adoption of Audited Financial Statements
The resolution to adopt the audited financial statements for the financial year ended March 31, 2025, along with the Board of Directors' and Statutory Auditors' reports, was approved with a significant majority.
Resolution 2: Declaration of Dividend
The declaration of a dividend of ₹36 per equity share was also approved with a significant majority.
Resolution 3: Appointment of Director
Mr. Avishrant Keshava (DIN: 07292484) was re-appointed as a Director, retiring by rotation. The resolution was passed with the following votes:
Resolution 4: Appointment of Independent Director
Mr. Sumit Rathor (DIN: 00128517) was appointed as an Independent Director through a special resolution:
Resolution 5: Re-appointment of Independent Director
Dr. Lakshmi Lingam (DIN: 10181197) was re-appointed as an Independent Director through a special resolution:
Resolution 6: Appointment of Whole-time Director
Mr. Sujit Kumar Pattanaik (DIN: 10709015) was appointed as a Whole-time Director through an ordinary resolution:
Resolution 7: Ratification of Remuneration to Cost Auditors
The ratification of remuneration payable to the Cost Auditors was approved:
Resolution 8: Appointment of Secretarial Auditor
The appointment of the Secretarial Auditor was approved with the following votes:
Resolution 9: Material Transactions with Related Party - The Timken Company
The resolution for material transactions with The Timken Company was approved:
Resolution 10: Material Transactions with Related Party - The Timken Corporation
The resolution for material transactions with The Timken Corporation was approved:
Resolution 11: Material Transactions with Related Party - Timken Engineering and Research India Private Limited
The resolution for material transactions with Timken Engineering and Research India Private Limited was approved:
Resolution 12: Material Transactions with Related Party - Timken Wuxi Bearings Co. Ltd.
The resolution for material transactions with Timken Wuxi Bearings Co. Ltd. was approved:
V. Sreedharan and Associates served as the scrutinizers for the e-voting process.
The electronic data and relevant records will remain in safe custody and be handed over to the Company Secretary after the Chairman approves and signs the minutes of the meeting.
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