Siemens Ltd

Litigation outcome

• SCN of Rs 34.83 crore; Gujarat High Court quashed; SLP dismissed; order received 20 Aug 2026.

Results advertisement publication

• Newspaper ads published for Q1 2026 results (quarter ended 30 June 2026) in Business Standard and Navshakti.
• Ads published under Regulation 47 of SEBI LODR.

Digital Industries leadership changes

• Swapnil Deosthali ceases as Head of Digital Industries, effective 16 August 2026, to take a new Siemens role.
• Suprakash Chaudhuri becomes Interim Head, Digital Industries; Asia-Pacific Head with 30+ years in tech and EY/SAP/Oracle.
• Sapna Rawat ceases as Finance Head; resigns, effective 16 August 2026.
• Ashish Handa interim Finance Head; 25+ years in finance; former Asia Pacific DI Finance Head.

AGM Details

• AGM held on August 11, 2026.

Key Resolutions

• Ordinary: Adopt audited financial statements for 18-month FY ended Mar 31, 2026; Passed.
• Ordinary: Adopt audited Consolidated financial statements for 18-month FY ended Mar 31, 2026; Passed.
• Ordinary: Dividend declared of Rs 18 per equity share; Passed.
• Ordinary: Do not fill vacancy from Tim Holt retirement; Passed.
• Ordinary: Appoint Michael Peter as Non-Executive, Non-Independent Director; Passed.
• Ordinary: Appoint Veronika Bienert as Special Director (Siemens AG nominee) from Oct 1, 2026; Passed.
• Special: Approve Siemens AG transactions up to Rs 85,000 million for 2026-27; Passed.
• Ordinary: Appoint Parikh Parekh & Associates as Secretarial Auditors for 2026-31; Passed.
• Ordinary: Ratify remuneration to R. Nanabhoy & Co. for FY 2026-27; Passed.

AGM Details

• AGM held 11 Aug 2026 at 3:00 PM IST via VC/OAVM.
• Remote e-voting period: Aug 7–10, 2026; cut-off date: Aug 4, 2026.

Resolution 1: Adoption of financial statements

• Ordinary: adoption of Audited financial statements and Consolidated statements — passed with negligible dissent.

Resolution 2: Dividend declaration

• Ordinary: dividend on equity shares for FY 2024-26 — passed with negligible opposition.

Resolution 3: Vacancy not filled

• Ordinary: not to fill Tim Holt vacancy; no re-appointment — passed.

Resolution 4: Director appointment

• Ordinary: appointment of Mr. Michael Peter as Director — passed.

Resolution 5: Special Director appointment

• Ordinary: appointment of Ms. Veronika Bienert as Special Director — passed.

Resolution 6: Related party transactions

• Ordinary: approval of transactions with Siemens AG — passed.

Resolution 7: Secretarial auditors

• Ordinary: appointment of Parikh Parekh & Associates as Secretarial Auditors for five years — passed.

Resolution 8: Cost auditor remuneration

• Ordinary: remuneration for Cost Auditors Messrs R. Nanabhoy & Co. for FY 2026-27 — passed.

Overview

• Standalone BRSR FY26 covers Siemens Limited for Oct 2024–Mar 2026 (18 months).
• Main activities: manufacture of electrical equipment, general machinery, and rail solutions.
• Energy and LVM businesses demerged; energy to Siemens Energy India Limited and LVM to Innomotics, classified as discontinued.
• Reporting boundary includes permanent establishments and RoU assets; PwC provided reasonable assurance on Core indicators.
• Management responsible: Sunil Mathur as MD and CEO.

Key ESG Risks & Opportunities

• Climate change: risk of supply disruption; opportunity from decarbonization demand.
• Resource efficiency: risk from virgin materials and high-GWP gases; opportunity via waste recovery and circularity.
• Circular economy: risk from plastic packaging; opportunity through Eco-Design and waste-to-energy.
• Product stewardship: risk of Scope 3 emissions; opportunity via Eco Tech label and localized manufacturing.
• Water stewardship: risk from water stress; opportunity via rainwater harvesting and zero process-water dependency.

Governance & Policy Highlights

• Board oversight of ESG led by MD/CEO; ESG disclosures overseen at board level.
• Policies include BCG, anti-corruption/anti-bribery, whistleblowing, materiality, related party transactions, and supplier code.
• Independent assurance: PwC on BRSR Core indicators.
• Standards aligned to ISO 14001/45001/50001, UNGC, OECD guidelines.
• Minor penalties in FY2026 totaling INR 19,200 across several cases.
• Policies extended from Siemens AG to Siemens Limited.

Social Responsibility & Workforce

• Total workforce: 6,912 permanent employees and 1,146 workers.
• Female representation: 14.8% of employees; board female share 11.1%.
• Turnover: permanent 13.9%; workers 9.2% in FY26.
• LTIFR: employees 0.03; workers 0.03; one employee fatality.
• ISO 45001 across manufacturing; 100% plants assessed for working conditions.
• Well-being spend: 0.2% of revenue in FY26.

Environmental Performance

• Total energy: 242,818 GJ; renewables contribute 64,550 GJ; India achieved 100% renewable electricity.
• Scope 1: 4,915 tCO2e; Scope 2 location-based: 38,613 tCO2e; intensity 0.17 MT/₹M turnover.
• Waste generated: 29,920 tonnes; 8,157 recycled; 20,527 reused.
• Water withdrawal: 338,242 kl; consumption 313,579 kl; water intensity 1.2 kl/₹M turnover.
• EPR applies to plastics, e-waste, and batteries with CPCB-aligned recycling plans.
• Biodiversity: SBAT risk assessments; conservation programs targeted at 100% of relevant sites by 2030.

Stakeholder Engagement & Complaints

• Stakeholders include employees, customers, communities, suppliers, and investors.
• Engagement channels: townhalls, emails, intranet, and surveys; regular dialogues and disclosures.
• Customers filed 915 complaints in FY26; 473 pending at year-end.
• Grievance channels include Tell Us Hotline and Ombudsperson.
• Siemens participates in 12 trade associations; top bodies include BCCI, ASSOCHAM, CII, IEEMA, IGCC, FICCI.

Other Notable Metrics

• Value-chain GHG: Customers Scope 1 1,067,927 tCO2e; 2 Scope 2 18,712 tCO2e; Suppliers Scope 1 17,215 tCO2e; Scope 2 3,844 tCO2e.
• Water footprint across value chain indicates large customer withdrawals and downstream discharges.
• Product recalls: 3 voluntary recalls due to manufacturing quality issues.
• Data privacy/cybersecurity: frameworks in place; no material data breaches reported.
• Affiliations with 12 industry bodies; public policy engagement through associations.

Enclosures

• Clippings of Business Standard and Navshakti dated July 16, 2026 enclosed.

AGM notice and annual report access

• Notified Members of Siemens Limited about the 68th AGM date and access to FY2024-26 Annual Report.
• AGM scheduled for August 11, 2026 at 3:00 PM IST, via video conferencing.
• For non-registered email addresses, AGM notice and Annual Report are accessible via web links.
• Web-link provided to access the FY2024-26 Annual Report and AGM Notice.
• Cut-off date for entitlement determination was Friday, July 3, 2026.
• Members are advised to update email addresses with Company/RTA/DP to receive notices.

Overview

• Standalone BRSR FY26 for Siemens Limited, 18-month period Oct 2024–Mar 2026.
• Energy business demerged Mar 25 2025; energy data treated as discontinued operations.
• LVM business slump sale to Innomotics India Pvt Ltd; process ongoing; discontinued in Standalone P&L.
• Reporting boundary includes PEs, RoU assets, warehouses; extrapolations where data missing.
• PwC provided reasonable assurance on BRSR Core indicators.

Key ESG Risks & Opportunities

• Climate change: supply-chain disruption risk from extreme weather; decarbonization demand offers opportunity.
• Resource efficiency: virgin materials risk; circularity reduces costs via waste recovery.
• Circular economy: packaging waste risk; eco-design and energy recovery present upside.
• Product stewardship: end-to-end Scope 3 gaps risk; Eco Tech label and localized manufacturing offer upside.
• Water stewardship: water stress/regulatory risk; rainwater harvesting and zero-process-water reduce risk.
• Biodiversity: ecosystem degradation risk; biodiversity conservation programs at sites.
• Human rights: informal labor risk; remediation costs across value chain.
• Health & safety: occupational hazards; LTIFR improvements and potential liabilities.
• Data privacy & cybersecurity: cyber threats risk; remediation costs.
• Governance & compliance: penalties risk; strong governance reduces exposure.
• Product safety: rare defects risk; recalls and compliance costs.
• Sustainable supply chain: component shortages risk; localized sourcing offers resilience.

Governance & Policy Highlights

• Board/MD oversight of sustainability decisions; ESG disclosures reviewed by Board.
• Assurance: PwC engaged for Core indicators on BRSR Core.
• Policies: anti-corruption/bribery, whistleblowing, human rights, supplier code, data privacy.
• Training: 100% workforce trained every three years on ethics and compliance.
• Policies extended to value-chain partners; Siemens AG policies applied via procedures.
• Internal risk-control reviews; no external independent assessment of policies.
• No material regulatory penalties; minor penalties disclosed.

Social Responsibility & Workforce

• Total employees 6,912; permanent 4,969; workers 1,146; female share 14.8%.
• LTIFR: employees 0.03; workers 0.03; one employee fatality FY26.
• Parental leave: return-to-work 100%; retention about 87% for permanent employees; ~87.7% for workers.
• Human rights training: BoD 100%; KMP 100%; employees 71.8%; workers 96.8%.
• POSH FY26: 2 complaints filed; 2 upheld; 0 pending.
• Grievance channels: Tell Us hotline and Ombudsperson; retaliation-free reporting.
• Wages: female wages 11.6% of total wages.
• Board female representation 11.1%.

Environmental Performance

• Total energy 242,818 GJ; renewable share 64,550 GJ (incl iRECs, rooftop, offsite).
• Scope 1: 4,915 tCO2e; Scope 2 location-based: 38,613 t; intensity 0.17 MT/INR Mn turnover.
• Water: withdrawals 338,242 kl; consumption 313,579 kl; water intensity 1.2 kl/mn turnover; PPP 24.43.
• Waste generated 29,920 tonnes; recycled 8,157; reused 20,527; other recovery 428.
• Certifications: ISO 14001, ISO 45001, ISO 50001; 100% renewable electricity use in India; DEGREE targets.

Stakeholder Engagement & Complaints

• Stakeholders: employees, investors, customers, suppliers, NGOs, communities; channels include email, intranet, townhalls.
• Employee engagement: monthly updates; quarterly townhalls; annual engagement survey.
• Customer complaints FY26: 915 filed; 473 pending.
• Tell Us hotline and Ombudsperson provide retaliation-free reporting.
• Engagement with regulators and communities per CSR/ESG risk management.

Other Notable Metrics

• Value-chain coverage: upstream purchases 9.16%; downstream sales 6.36% for FY24–25.
• 207 ESG audits in 18 months; 28.7% order intake ESG-assessed; 94% supplier CRSA.
• Affiliations with 12 trade bodies; top include BCCI, ASSOCHAM, CII, IEEMA, IGCC, FICCI.
• Data privacy: 0 data breaches; POSH and HR complaints monitored with actions.

Financial highlights

• Orders received: 338,678 million (FY 2024-26).
• Revenue from operations: 256,677 million.
• PBT: 33,691 million; PAT: 25,460 million.
• Dividend recommended: 18 per equity share.

Segment performance (continuing operations)

• Smart Infrastructure revenue 112,881 million; operating profit 15,045 million.
• Mobility revenue 49,713 million; operating profit 3,441 million.
• Digital Industries revenue 57,414 million; operating profit 3,042 million.
• Others revenue 2,732 million; operating profit 220 million.

Major corporate actions

• Energy demerger completed; SEIL listed June 2025.
• Low Voltage Motors slump sale to Innomotics; enterprise value 22,000 million; approvals pending.
• Change in financial year to Apr 1; 18-month transition FY 2024-26.
• 68th AGM on Aug 11, 2026; remote voting Aug 7-10.

Capital and ownership

• Equity share capital: 712 million.
• Net worth: 135,255 million.
• Book value per share: 379.80.
• Promoter holdings: Siemens International Holding B.V. 52.78%; Siemens Aktiengesellschaft 18.00%.
• Shares outstanding: 356.120 million.

Governance

• Board: nine members; eight meetings held.
• Upcoming changes: Holt retires; Rebellius resigns; Bienert and Peter to join.
• Auditors and secretarial: PwC for audits; Parikh Parekh for secretarial audits; Nanabhoy for cost audits.

ESG and Sustainability

• 100% renewable electricity; onsite 7,161 MWh; offsite 8,398 MWh.
• CSR spend 683 million; 1,172 scholarships; 93,000 ITI trainees.
• LTIFR 0.03; fatalities 1; 70+ awards for EHS.

Outlook and risks

• India growth projection 7.6% for FY 2024-26; domestic demand resilient.
• Opportunities in electrification, automation, data centers, semiconductors, batteries, green hydrogen.
• Risks: inflation, commodity volatility, FX, geopolitical tensions; focus on disciplined execution.