Kennametal India to incorporate wholly owned subsidiary

Kennametal India Ltd. | Engineering - Industrial Equipments | Capital Goods & Industrial Consumables | BSE: 505890 | NSE: KENNAMET

11 May 2018 Evaluate

Kennametal India has received an approval for the incorporation of a Wholly Owned Subsidiary Company. The Board of Directors of the company at their Meeting held on May 10, 2018, approved the same.

The Board also agreed to vesting of the WIDIA brand business belonging to Kennametal India in the Wholly Owned Subsidiary Company.

Kennametal India is a manufacturer of hard metal products and machine tools for the manufacturing industries, including auto and auto ancillaries, light and general engineering industries.

Peers

Company Name	CMP
Bharat Heavy Elect.	416.00
Thermax	3407.65
Kirloskar Industries	3635.70
Skipper	551.65
INDO-MIM	1309.15
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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