Timken India Limited (TIMKEN) — Announcement

· NSE Neutral
📢 Key Event
Gujarat High Court upholds reinstatement of former employee in labour dispute
🔄 What Changed
Court upheld Labour Court's reinstatement order and directed back wage payment
🔮 What's Next
Company may file appeal against the order
💡 Investor Takeaway
The ruling creates potential financial liability and legal uncertainty for Timken India.

Timken India disclosed a Gujarat High Court order upholding a Labour Court's reinstatement of former employee Anil Ambalal Modi, who was terminated in 1995 without inquiry. The court directed payment of regular wages from 2005 until Modi's superannuation, with back wages at 65% of claimed amounts due within six weeks. The company is evaluating financial impact and may appeal the decision.

📄 View Original Announcement (PDF)

About Timken India Limited (TIMKEN)

Capital Goods · Industrial Products · Listed on NSE

Market Cap: ₹26,561.24 Cr P/E: 61.0

View full TIMKEN stock details →

📡 Get AI alerts when TIMKEN files next

Free • Daily 5 PM digest • Track filings, board meetings, and corporate actions

Track TIMKEN — Free

📊 More TIMKEN filings

See all TIMKEN filings →

Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

📡 Get AI alerts when TIMKEN files new disclosures

Track TIMKEN filings, board meetings, and corporate actions. Free email alerts at 5 PM.

Track TIMKEN — Free

Free account · 2 AI queries/day