Meeting Details

The approval was sought through a postal ballot with remote e-voting, not a physical meeting. The voting period commenced at 9:00 AM IST on Wednesday, May 27, 2026, and closed at 5:00 PM IST on Thursday, June 25, 2026. The cut-off date for determining shareholder eligibility was May 22, 2026.

Proposed Resolutions and Implications

The postal ballot notice dated May 8, 2026, contained two ordinary resolutions:

1. Appointment of Mr. TK Sridhar (DIN: 06960804) as Managing Director for a term of five consecutive years with effect from January 1, 2027.

2. Appointment of Mr. Sanjeev Sharma (DIN: 07362344) as Non-Executive, Non-Independent Director for a term of two consecutive years with effect from January 1, 2027.

The promoter/promoter group was not interested in these resolutions.

Voting Process and Methods

The voting was conducted exclusively through remote e-voting via the facility provided by KFin Technologies Limited. The event number generated for this voting was '9733'. No physical polling or postal ballot (paper) was conducted. The e-voting module was blocked at the end of the voting period, and votes were downloaded on June 25, 2026, at 5:12 PM.

Key Voting Outcomes

Overall Participation

  • Total number of shareholders on record date: 195,805
  • Total number of shares outstanding: 211,908,375
  • Total votes polled: 191,711,716 shares (90.4692% of outstanding shares)

Resolution 1: Appointment of Mr. TK Sridhar as Managing Director

  • Total Votes Polled: 191,711,716 shares (90.4692% turnout)
  • Votes in Favour: 190,969,619 shares (99.6129% of votes polled)
  • Votes Against: 742,097 shares (0.3871% of votes polled)
  • Number of Members Voting In Favour: 1,214
  • Number of Members Voting Against: 69
  • Invalid Votes: None

Category-wise Breakdown for Resolution 1:

  • Promoter & Promoter Group: 158,931,281 shares voted 100% in favour (100% turnout)
  • Public - Institutions: 30,482,156 shares voted (87.7824% turnout) with 29,742,390 in favour (97.5731%) and 739,766 against (2.4269%)
  • Public - Non-Institutions: 2,298,279 shares voted (12.5917% turnout) with 2,295,948 in favour (99.8985%) and 2,331 against (0.1015%)

Resolution 2: Appointment of Mr. Sanjeev Sharma as Non-Executive Director

  • Total Votes Polled: 191,816,367 shares (90.5185% turnout)
  • Votes in Favour: 191,626,304 shares (99.9009% of votes polled)
  • Votes Against: 190,063 shares (0.0991% of votes polled)
  • Number of Members Voting In Favour: 1,245
  • Number of Members Voting Against: 50
  • Invalid Votes: None

Category-wise Breakdown for Resolution 2:

  • Promoter & Promoter Group: 158,931,281 shares voted 100% in favour (100% turnout)
  • Public - Institutions: 30,586,807 shares voted (88.0837% turnout) with 30,397,581 in favour (99.3813%) and 189,226 against (0.6187%)
  • Public - Non-Institutions: 2,298,279 shares voted (12.5917% turnout) with 2,297,442 in favour (99.9635%) and 837 against (0.0365%)

Scrutinizer's Role and Findings

Mr. Chandra Sekhar Kandukoori, Practicing Company Secretary (Membership No. A14441, COP No. PCS 24363), was appointed as the scrutinizer. His responsibilities included scrutinizing the e-voting process in a fair and transparent manner and preparing a report based on data from KFin Technologies Limited's e-voting system. He confirmed that both resolutions were duly approved by the members with the requisite majority. All electronic data and relevant records were handed over to the Company Secretary for safekeeping.

Compliance with Laws and Regulations

The process was conducted in compliance with:

  • Section 108 and 110 of the Companies Act, 2013
  • Rule 20 and 22 of the Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Various MCA General Circulars
  • Secretarial Standard - 2 on General Meetings

Director Profiles and Compliance Affirmations

Mr. TK Sridhar

  • Current Role: Chief Financial Officer of ABB India Limited
  • Experience: Over three decades with ABB Group since 1994, holding multiple leadership roles in finance and business functions
  • Expertise: Financial strategy, business operations, governance, investor relations, and transformation initiatives
  • Education: Commerce background with focus on finance and accounting; Certified Independent Director; executive leadership programs from global institutions
  • Relationships: Not related to any Directors or Key Managerial Personnel
  • Debarment Status: Not debarred from directorship by SEBI or any other authority

Mr. Sanjeev Sharma

  • Current Role: Country Managing Director of ABB India
  • Experience: Over three decades at ABB with roles in engineering, operations, product management, and business leadership across Europe, Asia, and India
  • Education: Electrical and telecommunications engineer with advanced management education from IMD, Switzerland and INSEAD
  • Additional Roles: Chairs the board of ABB R&D in India and ABB Services
  • Relationships: Not related to any Directors or Key Managerial Personnel
  • Debarment Status: Not debarred from directorship by SEBI or any other authority

Additional Information

  • Company CIN: L32202KA1949PLC032923
  • Company GST: 29AAACA3834B1Z4
  • The information is available on the company website (www.abb.co.in) and KFIN website (https://evoting.kfintech.com)
  • Contact: investor.helpdesk@in.abb.com, Phone: +91 80 22949150-54, Fax: +91 80 22949148