Timken India Limited (TIMKEN) — Corporate Action

{ "summary": "Timken India Limited announced on 18 May 2026 the approval of its audited financial results for the quarter and year ended 31 March 2026, recommending a dividend of ₹2.50 per share (face value ₹10) and approving the amalgamation of Timken GGB Technology Private Limited into the company. The filing confirms no cash or share consideration for the merger and includes management appointments. Financial highlights show revenue of ₹3,983.33 crores, profit of ₹3,983.33 crores, and operating cash flow of ₹4,374.27 crores.", "extractedFields": { "keyEvent": "Timken India recommends ₹2.50 dividend and approves merger of GGB Technology into the company.", "whatChanged": "Dividend recommendation of ₹2.50 per share and approval of amalgamation with GGB Technology.", "forwardGuidance": null, "investorTakeaway": "Shareholders receive a dividend of ₹2.50 per share, subject to approval at the AGM.", "sentiment": "neutral" }, "dividendRecommended": "2.50", "dividendPerShareCurrency": "INR", "dividendFaceValue": "10", "financialResultsApproved": true, "auditedFinancials": true, "auditOpinion": "unmodified", "amalgamationApproved": true, "amalgamationParties": [ "Timken India Limited", "Timken GGB Technology Private Limited" ], "amalgamationType": "merger", "amalgamationRationale": [ "simplified management structure", "cost reduction", "elimination of duplication", "greater financial strength", "efficient use of infrastructure", "improved cash management", "simplification of group structure" ], "amalgamationConsideration": "no cash or share consideration", "shareholdingPatternChange": "no change", "managementAppointments": [ { "name": "Gajanan Bidkar", "designation": "General Manager – India SCM & Global Sourcing", "appointmentDate": "18 May 2026", "term": "until retirement age (60 years)" }, { "name": "Himanshu Kumar Mishra", "designation": "General Manager – Plant Operations, Jamshedpur", "appointmentDate": "18 May 2026", "term": "until retirement age (60 years)" } ], "revenueQ4FY26": 10757.73, "revenueFY26": 3983.33, "profitFY26": 3983.33, "operatingCashFlowFY26": 4374.27, "investingCashFlowFY26": -4042.78, "financingCashFlowFY26": -2786.44, "acquisitionConsideration": 1288, "acquisitionTarget": "GGB Technology Private Limited", "acquisitionDate": "December 01, 2025", "minorityInvestment": 7, "minorityInvestmentTarget": "Sunstream Green Energy C & I Three Private Limited", "minorityEquityStake": 26.1, "auditOpinion": "Unqualified", "auditFirm": "Deloitte Haskins & Sells LLP", "financialYearEnd": "March 31, 2026", "companyName": "Timken India Limited", "exchange": "NSE", "filingDate": "2026-05-18", "filingType": "Announcements", "quarterEnded": "March 31, 2026", "auditFirm": "Deloitte Haskins & Sells LLP", "auditOpinion": "unmodified", "reviewScope": "limited review for quarter ended March 31, 2026", "annualAudit": "audited for year ended March 31, 2026", "dividendRecommended": "2.50 per equity share of Rs. 10 each", "paidUpCapital": "752.19 million", "revenueFromOperations_Q3_2026": "10,898.26", "totalIncome_Q3_2026": "10,906.42", "totalExpenses_Q3_2026": "8,786.14", "profitBeforeTax_Q3_2026": "2,120.28", "netProfitAfterTax_Q3_2026": "1,583.05", "totalComprehensiveIncome_Q3_2026": "1,598.98", "earningsPerShare_Basic_Diluted_Q3_2026": "21.05", "auditPeriodEnd": "March 31, 2026", "auditType": "Annual Audit", "quarterReviewEnd": "March 31, 2026", "auditor": "Deloitte Haskins & Sells LLP", "auditorOpinion": "Unmodified opinion on annual consolidated financial results; limited review conclusion for quarter", "profitForYear": 4148.85, "cashGeneratedFromOperations": 5886.20, "netCashUsedInFinancingActivities": -276.90, "netCashUsedInInvestingActivities": -3368.12, "netIncreaseInCashAndCashEquivalents": 341.74, "closingCashBalance": 5527.73, "dividendPaid": 188.02, "interestPaid": 37.36, "leaseLiabilitiesRepaid": 44.50, "shortTermBorrowingsRepayment": -60.43, "incomeTaxExpenses": 1377.46, "depreciationAmortisation": 1060.46, "interestIncome": -186.25, "dividendIncomeNonTrade": -54.93, "