ABBNSEABB India Limited· Electrical EquipmentMediumNeutral
Announced Sat, 10 May · 19:30 IST

ABB India Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on May 10, 2025. Further, the company has submitted the Exchange a copy of Srutinizer's report

Board & Shareholder Meetings View source PDF

ABB · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

ABB India held its 75th AGM on May 10, 2025 at its registered office in Bengaluru, chaired by Mr. Adrian Guggisberg, with 242 members present. Five resolutions were put to vote and all were passed with the required majority, including adoption of FY2024 financial statements, declaration of dividend, re-appointment of Ms. Carolina Yvonne Granat as director, appointment of secretarial auditors, and ratification of cost auditor remuneration. The Chairman highlighted record financial performance in 2024, with revenue growing 17% and order backlog rising 12% to ₹9,380 crore, alongside a 5-year revenue CAGR of 20% and a doubling of bottom-line in the last four years. The company also reported an ~86% reduction in Scope 1 and 2 GHG emissions versus its 2019 baseline, with 50% of facilities now water-positive and zero-waste-to-landfill. Voting results showed overwhelming shareholder approval across all resolutions, with the lowest being 99.41% in favor (re-appointment of director).

Likely market impact

Routine regulatory filing confirming successful conduct of AGM and shareholder approval of all business items; reinforces confidence in management and board, with strong FY2024 performance metrics and dividend declaration likely to be viewed positively by shareholders.