Outcome of Board Meeting

TIMKEN Mandar Vasmatkar Company Secretary & Chief-Compliance mandar.vasmatkar@timken.com 29 October, 2026 National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, NSE Symbol- TIMKEN G-Block, Bandra- Kurla Complex, Bandra (E), Mumbai- 400 051. BSE Limited Phiroze Jeejeebhoy Towers, Scrip Code- 522113 Dalal Street, Fort, Mumbai- 400 001. Dear Sir/Madam, Sub: Outcome of the Board Meeting held on 29 October, 2026 Pursuant to Regulations 30 and 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we write to inform you that the Board has considered and approved Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended 30 September, 2026. We confirm that Deloitte Haskins & Sells LLP, Statutory Auditors of the Company, have issued Limited Review Reports with unmodified opinion on said Financial Results. Copy of Unaudited Financial Results along with Limited Review Reports is enclosed herewith. Time of commencement of the Board Meeting: 6.00 PM. Time of conclusion of the Board Meeting: 7:03 PM. Kindly request you to take this on record. Thanking you. Yours faithfully, For TIMKEN INDIA LIMITED Mandar Vasmatkar Company Secretary & Chief – Compliance Engineered Bearings I Mechanical Power Transmission Products I Industrial Services Registered office: Timken India Limited 39-42, Electronic City, Phase II, Hosur Road, Bangalore 560 100. Tel: +91(80) 41362000, Fax: +91(80) 41362010, Website: www.timken.com/en-in/ CIN:L29130KA1996PLC048230 TIMKEN INDIA LIMITED Regd. Office: 39-42, Electronic City Phase II, Hosur Road, Bangalore -560 100 TI KE Tel: +91 80 4136 2000 Fax: +91 80 4136 2010 GIN : L29130KA1996PLC048230 Website: www.timken.com/en-in. STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED SEPTEMBER 30, 2026 (i!' in Million except as otherwise stated) SI. Particulars Three months ended Six months ended Financial Year No ended September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31, 2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited 1 Income (a) Revenue from operations 9,692.97 9,290.85 7,729.87 18,983.82 15,818.04 34,193.16 (b) Other Income 80.63 101.96 96.28 182.59 196.64 280.01 Total Income 9,773.60 9,392.81 7,826.15 19,166.41 16,014.68 34,473.17 2 Expenses (a) Cost of materials consumed 2,607.76 3,511.54 2,473.20 6,119.30 5,090.44 10,127.58 (b) Purchases of Stock-in-Trade 3,144.52 2,949.52 2,667.64 6,094.04 4,909.19 11,176.67 (c) Changes in inventories of finished goods, Stock-in-Trade 198.84 (878.13) (485.62) (679.29) (405.62) (339.77) and work-in-progress (d) Employee benefits expenses 499.44 491.24 431.07 990.68 863.06 1,824.93 (e) Finance costs 9.87 7.59 8.02 17.46 19.39 36.83 (f) Depreciation & amortization expenses 289.00 313.33 265.91 602.33 473.94 1,057.28 (g) Other expenses 1,461.80 1,494.27 1,259.45 2,956.07 2,553.48 5,285.73 Total Expenses 8,211.23 7,889.36 6,619.67 16,100.59 13,503.88 29,169.25 3 Profit before tax (1-2) 1,562.37 1,503.45 1,206.48 3,065.82 2,510.80 5,303.92 4 Tax Expenses -Current tax (includes reversal relating to earlier years) 379.50 300.21 278.80 679.71 482.40 1,167.43 - Deferred tax 22.23 51.94 33.02 74.17 91.50 153.16 Total tax expenses 401.73 352.15 311.82 753.88 573.90 1,320.59 5 Net Profit after tax (3-4) 1,160.64 1,151.30 894.66 2,311.94 1,936.90 3,983.33 6 Other comprehensive income Items not to be reclassified to profit or loss : (i) Re-measurement gains/ (losses) on defined benefit plans 12.86 (35.17) 10.56 (22.31) 1.02 14.61 (ii) Income tax effect on above (3.23) 8.85 (2.66) 5.62 (0.26) (3.68) Total other comprehensive income I (loss) 9.63 (26.32) 7.90 (16.69) 0.76 10.93 7 Total comprehensive income (5+6) 1,170.27 1,124.98 902.56 2,295.25 1,937.66 3,994.26 8 Paid-up equity share capital -(of Rs 10/-each) 752.19 752.19 752.19 752.19 752.19 752.19 9 Other Equity 28,982.85 10 Earnings per Share (of Rs.10/-each) (Basic & Diluted) Rs 15.43 15.31 11.89 30.74 25.75 52.96 Not annualised Not annualised Not annualised Not annualised Not annualised Annualised Notes (1) The Statement of unaudited standalone financial results ('the Statement') of Timken India Limited ('the Company') for the quarter and six months ended September 30, 2026 has been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on October 29, 2026. The Statement has been subjected to limited review by Deloitte Haskins & Sells LLP, the statutory auditor of the Company. The report of the statutory auditor is unmodified (2) The Company has only one reportable primary segment, viz. 'Bearings and allied goods & seNices'. Accordingly, no separate segment disclosures is required under "Ind AS-108 -Operating Segments". (3) The Statement has been prepared in accordance with the Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013 ("the Act") read with relevant Rules issued thereunder ('IND AS') and other accounting principles generally accepted in India and guidelines issued by the Securities and Exchange Board of India ("SEBI"). (4) During the quarter ended September 30, 2026, the Company has paid final dividend of Rs. 2.50/-per equity share to all eligible shareholders as recommended by the Board of Directors at its meeting held on May 18, 2026 and approved by the shareholders at 39th Annual General Meeting held on August 18, 2026 (5) The Statement of Assets and Liabilities as at September 30, 2026 is given as Annexure-A and Statement of Cash Flows for the half year ended September 30, 2026 is given as Annexure-B. (6) The Board of Directors of the Company at it's meeting held on May 18, 2026 approved a draft Scheme of Amalgamation amongst Timken GGB Technology Private Limited with the Company and their respective shareholders and creditors ("the Scheme") with effect from the appointed date of April 01, 2026 pursuant to the provisions of Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 ("the Act") and the Rules made thereunder. The Company has filed petition before National Company Law Tribunal, Bengaluru Bench seeking its approval for the Scheme in the month of July 2026, which is pending for approval as on the date October 29, 2026 Chairma:~ 3ging Director Bangalore DIN: 05159352 TIMKEN INDIA LIMITED Regd. Office: 39-42, Electronic City Phase 11, Hosur Road, Bangalore -560 100 Tel: +9180 4136 2000 Fax: +91804136 2010 CIN: L29130KA1996PLC048230 Website: www.timken.com/en-in. Annexure -A STANDALONE STATEMENT OF ASSETS & LIABILITIES AS AT SEPTEMBER 30, 2026 (f in Million except as otherwise stated) As at As at Particulars September 30, 2026 March 31, 2026 (Unaudited) (Audited) ASSETS Non-current assets (a) Property, plant and equipment 11,183.10 11,111.05 (b) Right-of-use assets 1,062.66 1,083.15 (c) Capital work-in-progress 1,920.05 1,007.22 (d) Investment property 93.17 94.18 (e) Goodwill 1,813.11 1,813.11 (f) Other intangible assets 338.64 355.88 (g) Financial assets (i) Investments 1,295.39 1,295.39 (ii) Loans 0.41 0.47 (iii) Other financial assets 304 08 251.29 (h) Non-current tax assets (net) 158.08 124.52 (i) Other non-current assets 59.91 462.36 Total non-current assets 18,228.60 17,598.62 2 Current assets (a) Inventories 8,235.82 7,783.35 (b) Financial assets (i) Investments 2,003.39 507.24 (ii) Trade receivables 7,300.89 7,977.21 (iii) Cash and cash equivalents 1,896.38 2,174.70 (iv) Other bank balances 225.89 69.65 (v) Loans 0.75 0.88 (vi) Other financial assets 271.71 247.26 (c) Other current assets 1,433.25 1,155.33 Total current assets 21,368.08 19,915.62 Total assets 39,596.68 37,514.24 EQUITY AND LIABILITIES Equity (a) Equity share capital 752.19 752.19 (b) Other Equity 31,090.07 28,982.85 Equity attributable to owners of the Company 31,842.26 29,735.04 Liabilities 1 Non-current liabilities (a) Financial liabilities (i) Lease liabilities [Showing first 8,000 characters — download PDF for full document]