ABB India MOTR division head contract foreclosed, ad-interim replacement appointed

Kmp ResignedManagement Changes View source PDF Explain this filing

ABB · price

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Price reactionminutes from the announcement price · days from the prior close

-0.4%Reaction day

₹4877.50

prior close

₹4882.00

announcement price

In-mkt

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)-0.4%+0.0% vs market

Heavy Electrical Equipment peers, median of 29sector-1.7%+1.3% vs sector

On the reaction day the stock moved in line with Nifty 100 and 1.3 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

-0.4-0.4+0.0-1.7+1.3

Next day

-3.8-1.9-1.9-4.7+0.9

-3.4-2.2-1.2-6.4+2.9

-2.2-1.6-0.6-5.0+2.8

-3.7-2.7-1.0-8.4+4.7

-2.1-2.2+0.1-6.7+4.6

+12.0-1.0+13.0-4.7+16.7

15d

+20.0+1.0+18.9+5.2+14.8

+17.2-0.7+17.9+0.9+16.2

+27.7-10.0+37.7-1.9+29.6

+46.7-3.9+50.6+22.3+24.4

UpDownMarket · Nifty 100Sector · Heavy Electrical Equipment peers, median of 29Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

ABB India informed exchanges that the fixed term contract of Mr. Moonish Ghuge, Local Division President for the MOTR division and a senior managerial personnel under SEBI Listing Regulations, has been foreclosed with immediate effect from January 19, 2026. To ensure continuity, Mr. Roger Buchmann, currently Global Product Line Manager for Traction Packages at ABB, has been appointed as ad-interim head of the MOTR division until a permanent successor is identified.

Likely market impact

Continuity ensured with an internal ad-interim replacement; permanent successor search is underway. Localized leadership change in one division.