Siemens Energy India Limited has informed the Exchange regarding Outcome of Board Meeting held on March 27, 2026, inter alia, for change in Senior Management Personnel of the Company.
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Siemens Energy India's board approved three senior management exits and internal replacements. Mr. Vaibhav Agwan (Execution Unit Head – Competence Hub) will step down on March 31, 2026 to take up a role within the Siemens Energy AG group. Mr. Samit Sachdeva (Execution Unit Head – Grid Technologies – Transformer) will also exit on March 31, 2026 for another opportunity within the Siemens group. Mr. Aditya Mittal (Execution Unit Finance Head – Grid Technologies – Grid Solutions) will leave on April 10, 2026 to pursue opportunities outside the company. Replacements are drawn internally: Jaydeep Naha will additionally lead Competence Hub, Ganesh Nadgouda will act as interim head for Transformers, and Mrinal Ghosh will serve as interim Finance Head for Grid Solutions.
These are routine senior management transitions, with two of the three exits being internal moves within the Siemens group and replacements already lined up from existing staff. No direct impact on shareholders or stock price is expected.