Timken India Limited has received an order from the Income Tax Department, Assessment Unit, for the assessment year 2022-23. The Income Tax Department has calculated the company's income on the higher side by ₹89,08,07,881 (89.08 Crore) compared to the income stated in the company's return. Consequently, a demand notice has been issued for ₹74,76,70,348 (74.77 Crore), inclusive of interest under Sections 234A, 234B, and 234C of the Income Tax Act, 1961. The order pertains to transactions with associated enterprises regarding the distribution segment, where the IT Department disallowed methods used by the company for arriving at arm's length price and adopted other methods. Timken India believes the order and demand notice are erroneous and flawed and is taking necessary steps to file an appeal. The company does not anticipate any immediate financial or monetary impact from this order.