NSEAction(s) taken or orders passed22 Jun 2026 · 22 Jun 2026, 05:46 pm
Action(s) taken or orders passed
Timken India Limited · TIMKEN
✦ AI Summary▼ NegativeLitigation
Timken India Limited informed about an order passed by the Hon'ble High Court of Gujarat at Ahmedabad, upholding a Labour Court's 2005 decision concerning a long-standing employment dispute. The order pertains to the illegal termination of an employee of Antifriction Bearings Corporation Limited (amalgamated with Timken India) in 1995. The High Court directed the company to pay regular wages to the employee from 2005 until his superannuation, in addition to 65% back wages previously awarded. Timken India is determining the financial impact and plans to appeal the order.
Analysis Scores
Earnings Impact3/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk4/10
Liquidity Impact5/10
Market Sentiment4/10
Full Announcement
Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform about an Order passed by Hon ble High Court of Gujarat at Ahmedabad in the matter of Antifriction Bearings Corporation Limited (amalgamated with Timken India Limited) V/s Anil Ambalal Modi. For more details please see attachment.