Timken India Limited Announces Postal Ballot Voting Results for Director Appointments

Timken India Limited has successfully concluded its postal ballot voting process, announcing results for two critical director appointment resolutions. The company conducted the entire voting process through electronic means, demonstrating strong shareholder participation and overwhelming approval for both proposed resolutions.

Postal Ballot Process and Timeline

The postal ballot process was conducted in accordance with Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors appointed V Sreedharan & Associates as the scrutinizer at their meeting held on February 4, 2026. The postal ballot notice dated February 26, 2026 was dispatched to shareholders on March 5, 2026.

Process Details: Information Cut-off Date: February 27, 2026 Voting Period: March 6, 2026 (9:00 AM) to April 4, 2026 (5:00 PM) Total Paid-up Equity: 7,52,18,734 shares Scrutinizer: V Sreedharan & Associates

The company followed Ministry of Corporate Affairs guidelines, sending notices via email to registered shareholders and publishing advertisements in Financial Express (English) and Prajavani (Kannada) newspapers.

Resolution 1: Re-appointment of Independent Director

The first resolution concerned the re-appointment of Mr. Soumitra Hazra (DIN: 02293182) as an Independent Director, classified as a Special Resolution. The voting results demonstrated strong shareholder confidence in the appointment.

Voting Results - Item 1: Details Percentage Total Members Voted: 433 - Total Votes Cast: 6,39,70,265 shares 85.04% of paid-up capital Votes in Favor: 5,90,92,754 shares 92.37% Votes Against: 48,77,511 shares 7.63%

Resolution 2: Appointment of Non-Executive Director

The second resolution involved the appointment of Mr. Michael Discenza (DIN: 10644441) as Non-Executive Director, presented as an Ordinary Resolution. This resolution received exceptional shareholder support.

Voting Results - Item 2: Details Percentage Total Members Voted: 429 - Total Votes Cast: 6,39,69,671 shares 85.04% of paid-up capital Votes in Favor: 6,39,39,318 shares 99.95% Votes Against: 30,353 shares 0.05%

Scrutinizer's Compliance Report

V Sreedharan & Associates, led by Partner V Sreedharan (FCS: 2347; CP No. 833), conducted the scrutiny process ensuring full regulatory compliance. The scrutinizer confirmed that all votes were cast through electronic means only, with no physical postal ballot forms involved. The voting process concluded with votes being unblocked on April 4, 2026 at 5:02 PM IST.

Key compliance highlights include:

Verification of shareholding against the Register of Members

Confirmation of beneficial ownership through NSDL and CDSL records

Proper maintenance of electronic voting registers

Adherence to the 30-day voting period as mandated

Corporate Governance and Regulatory Compliance

The postal ballot results reflect Timken India's commitment to strong corporate governance practices. Company Secretary Mandar Vasmatkar coordinated the entire process, ensuring compliance with all applicable provisions of law. The high participation rate of 85.04% of paid-up equity capital demonstrates active shareholder engagement in corporate decision-making.

Both resolutions have been successfully passed, enabling the company to strengthen its board composition with experienced leadership. The overwhelming approval rates indicate strong shareholder confidence in the proposed director appointments and the company's strategic direction.

Timken India Limited has successfully completed its strategic acquisition of a significant stake in the renewable energy sector. The company announced the completion of its purchase of 26.1% equity shares in Sunstreamgreen Energy C&I Three Private Limited on March 23, 2026.

Transaction Details

The acquisition represents a substantial investment by Timken India in the commercial and industrial renewable energy space. The company has been transparent about this transaction, maintaining regular communication with stock exchanges throughout the process.

Parameter: Details Stake Acquired: 26.1% equity shares Target Company: Sunstreamgreen Energy C&I Three Private Limited Completion Date: March 23, 2026 Regulatory Framework: Regulation 30

Timeline and Communications

The acquisition process has been well-documented through multiple regulatory filings. Timken India had previously communicated with stock exchanges regarding this transaction on two separate occasions before its completion.

Key Communication Dates:

September 22, 2025: Initial communication regarding the acquisition agreement

December 31, 2025: Follow-up communication providing updates

March 24, 2026: Final notification of transaction completion

Regulatory Compliance

The transaction has been conducted in full compliance with regulatory requirements. Company Secretary and Chief Compliance Officer Mandar Vasmatkar signed the official communication to both the National Stock Exchange of India Limited and BSE Limited, ensuring proper disclosure under Regulation 30.

The completion of this acquisition demonstrates Timken India's commitment to diversifying its investment portfolio and entering the growing renewable energy sector through strategic partnerships with specialized companies in the commercial and industrial energy space.

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