ABB India Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
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ABB India shareholders approved the sale of the company's Robotics Business to ABB Robotics India Private Limited (a related party) on a slump sale basis through a postal ballot that concluded on February 27, 2026. The resolution was passed with 94% of votes in favour (about 2.92 crore shares) and 6% against (about 18.37 lakh shares). Promoters, who are interested in the transaction, did not vote on the resolution. Notably, institutional public shareholders backed the deal strongly at 99% in favour, while non-institutional public shareholders overwhelmingly opposed it, with 96% voting against. Only about 15% of total outstanding shares were polled in the process.
The divestment of the Robotics Business can now proceed, which will reshape ABB India's business portfolio by removing this segment. The sharp split in voting — strong retail opposition versus institutional support — signals shareholder disagreement on the deal's terms and value, which may weigh on sentiment despite regulatory approval.