Timken India Limited — JV/Acquisition, 18-05-2026: Amalgamation/Merger

Timken India Limited has announced the amalgamation of its wholly-owned subsidiary, Timken GGB Technology Private Limited. This strategic move aims to simplify management, cut costs, streamline operations, and enhance financial strength for the combined entity. Timken GGB, with a turnover of ~58.71 Cr, will merge into Timken India, which reported a turnover of ~3,419.32 Cr for FY26. The merger requires approval from shareholders, creditors, and NCLT. Importantly, there will be no change in Timken India's shareholding pattern, ensuring no dilution for existing investors.