Meeting Details

  • Type of Meeting: Postal Ballot through electronic voting (no physical meeting)
  • Cut-off Date for voting rights: Friday, May 22, 2026
  • E-voting commencement: Wednesday, May 27, 2026 at 9:00 AM IST
  • E-voting conclusion: Thursday, June 25, 2026 at 5:00 PM IST
  • Resolution deemed passed on: Thursday, June 25, 2026 (last voting date)
  • Results announcement: On or before Monday, June 29, 2026 at 5:00 PM IST

Proposed Resolutions and Implications

Item No. 1: Appointment of Mr. TK Sridhar as Managing Director

  • Ordinary Resolution for appointment as Managing Director for 5 consecutive years from January 1, 2027 to December 31, 2031
  • DIN: 06960804
  • Current position: Chief Financial Officer and Head of Investor Relations
  • Remuneration package includes:
  • Basic Pay: ₹11,655,000 per annum
  • Other allowances (HRA, flexible remainder, LTC): ₹15,734,250 per annum
  • Social security contributions: Up to ₹3,146,850 per annum
  • Performance bonus: Up to ₹11,655,000 per annum based on achievement of 100% business targets
  • Long-term incentive opportunity: Target award of 35% of basic, HRA, flexible remainder and super annuation
  • Additional perquisites: Company car with chauffeur, domestic help salary reimbursement, medical coverage, insurance schemes
  • Minimum remuneration provisions apply in case of loss or inadequacy of profits as per Schedule V of Companies Act

Item No. 2: Appointment of Mr. Sanjeev Sharma as Non-Executive Director

  • Ordinary Resolution for appointment as Non-Executive, Non-Independent Director for 2 consecutive years from January 1, 2027 to December 31, 2028
  • DIN: 07362344
  • Current position: Managing Director (term ending December 31, 2026)
  • Remuneration: Commission-based payment determined by Board, subject to aggregate limit of 1% of net profits for all Non-Executive Directors
  • Liability to retire by rotation

Voting Process and Methods

  • Exclusive e-voting facility provided through KFin Technologies Limited
  • No physical postal ballot forms or self-addressed envelopes dispatched
  • Members can vote through multiple methods:
  • NSDL demat account holders: via IDeAS facility or directly at evoting.nsdl.com
  • CDSL demat account holders: via Easi/Easiest system or directly at cdslindia.com
  • Physical shareholders: using EVEN 9733 followed by folio number
  • Corporate/institutional members: Required to send scanned board resolution/authority letter to scrutinizer
  • Voting instructions include option to vote FOR, AGAINST, or ABSTAIN for each resolution separately
  • Members can login multiple times during voting period but cannot modify vote once cast

Scrutinizer Appointment

  • Mr. K. Chandra Sekhar (Membership No. A14441 / CP No. PCS 24363), Practicing Company Secretary, Bengaluru appointed as Scrutinizer
  • Responsible for conducting postal ballot process in fair and transparent manner
  • Will submit report to Chairman after completion of vote scrutiny

Compliance with Regulations

  • Conducted pursuant to Section 110 of Companies Act, 2013 read with Companies (Management and Administration) Rules, 2014
  • Complies with MCA Circular Nos. 14/2020, 17/2020, 20/2020, 09/2023, 09/2024, and 03/2025
  • Adheres to SEBI Listing Regulations and Secretarial Standard - 2 on General Meetings
  • Material documents available for electronic inspection during working days until voting conclusion

Additional Information

  • Notice sent only electronically to email addresses registered with Depository Participants or KFin Technologies
  • Members without registered email addresses advised to update contact details through prescribed processes
  • Helpdesk contacts provided for technical assistance: KFin Technologies (toll-free 1800-309-4001), NSDL (022-4886-7000), CDSL (1800-22-55-33)
  • Documents available on company website (www.abb.co.in) and KFin website (https://evoting.kfintech.com)