Timken India Bolsters Governance with Key Secretarial Auditor Appointment

In a strategic move to reinforce its unwavering commitment to robust corporate governance and meticulous regulatory compliance, Timken India Limited (NSE: TIMKEN, BSE: 522114) has officially announced a pivotal appointment. The company's Board of Directors, at their recent meeting held on May 15, 2024, approved the designation of Mr.

Nagarjun Y. G. as the new Secretarial Auditor for the financial year 2023-24.

The role of a Secretarial Auditor is indispensable in today's intricate business environment, serving as a critical safeguard to ensure that a company rigorously adheres to the extensive array of corporate laws, regulations, and established standards.

This significant appointment is made in strict accordance with the provisions of Section 204 of the Companies Act, 2013, and Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. Mr. Nagarjun Y. G. is now tasked with overseeing Timken India's adherence to these crucial frameworks, further cementing the company's foundation of integrity and accountability.

Timken India, a recognized leader in the manufacturing of bearings and power transmission products, has consistently prioritized transparency and ethical business practices.

The formal notification of this key leadership addition has been duly submitted to both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), ensuring complete disclosure and transparency to all shareholders and the broader investment community.

The induction of a highly qualified professional such as Mr.

Nagarjun Y. G. is a clear testament to Timken India's proactive and forward-thinking approach to governance. It underscores the company's dedication not only to achieving operational excellence but also to upholding the highest standards of legal and ethical compliance, which are paramount in building sustained stakeholder trust and safeguarding the company's long-term interests in a dynamic market.