ABB India Limited (ABB) — Board Meeting | 8 May 2026(2 announcements)

ABB India announced the board's approval of Mr. TK Sridhar's appointment as Managing Director effective January 1, 2027, for a 5-year term, subject to shareholder approval, following the recommendation of the Nomination and Remuneration Committee. The board also approved Mr. Sanjeev Sharma's transition to a Non-Executive, Non-Independent Director role for 2 years starting January 1, 2027, after his MD tenure ends on December 31, 2026. Both appointments require shareholder ratification via postal ballot and are positioned to ensure leadership continuity and strategic execution.

ABB India's board approved unaudited Q1 FY26 results showing revenue of ₹3,283.70 crores, up from ₹3,499.49 crores in Q4 FY26 and ₹3,102.40 crores in Q1 FY25. Profit after tax rose to ₹1,783.65 crores from ₹432.85 crores in Q4 FY26 and ₹474.63 crores in Q1 FY25. The company also recorded a ₹1,658.48 crore profit from discontinued operations following the sale of its robotics business. The board recommended dividend of ₹1,658.48 crores from discontinued operations.