Siemens Limited (SIEMENS) — Board Meeting | 26 May 2026(2 announcements)

Siemens Limited announced the board approval of a scheme to amalgamate its wholly owned subsidiary Siemens Rail Automation Private Limited (SRAPL) into the parent company, subject to regulatory approvals including NCLT clearance. The transaction is structured as a merger where SRAPL will be absorbed without consideration or valuation, eliminating duplicate compliance costs and creating operational synergies. The board highlighted benefits including streamlined corporate structure, cost savings, and enhanced capital efficiency, with no change to shareholding patterns. The filing confirms the scheme will be published on the company's investor relations website post-exchange submission.

Siemens Limited approved its audited results for the 18-month period ending 31 March 2026, recommending a dividend of ₹18 per share (900% payout) and greenlighting the amalgamation of Siemens Rail Automation. The board also retired Tim Holt, accepted Matthias Rebellius' resignation effective 30 September 2026, and proposed Veronika Bienert and Michael Peter for directorships starting 1 October 2026 and 12 August 2026 respectively. The filing confirms an unmodified audit opinion, highlights a profit before tax of ₹3,910 million and total income of ₹41,993 million, and notes a retained earnings adjustment of ₹37,846 million post-Energy demerger. Cash balances stood at ₹16,935 million, with segment revenue led by Smart Infrastructure at ₹21,380 million. The company completed the Energy business demerger effective 25 March 2025 and proposed a slump sale of its Low Voltage Motors business for ₹22,000 million, subject to CCI approval.