ABB India Limited has informed the Exchange regarding Notice of Postal Ballot
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ABB India has issued a postal ballot notice seeking shareholder approval for two key leadership changes effective January 1, 2027. First, Mr. TK Sridhar, currently CFO and Head of Investor Relations (58 years old), is proposed to be appointed as Managing Director for 5 years with a basic salary of Rs. 1.16 crore per annum plus allowances and performance bonus up to Rs. 1.16 crore. Second, the current Managing Director Mr. Sanjeev Sharma (60 years old, with 35+ years at ABB) will step down on December 31, 2026 and be reappointed as a Non-Executive, Non-Independent Director for 2 years, eligible for commission within the 1% limit for all non-executive directors. The e-voting period runs from May 27, 2026 to June 25, 2026, with results expected by June 29, 2026.
This represents a planned leadership transition at ABB India. The elevation of internal candidate TK Sridhar from CFO to Managing Director suggests continuity in strategy and operations. Shareholders should approve these routine appointments as both individuals bring extensive ABB experience and institutional knowledge.