ABB India Limited 's Board of Directors, at its meeting held on May 8, 2026, approved two significant leadership changes set to take effect from January 1, 2027. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board unanimously resolved to seek shareholders' approval for the appointment of Mr. TK Sridhar as Managing Director and the transition of Mr. Sanjeev Sharma into a Non-Executive, Non-Independent Director role. Both appointments are subject to shareholders' approval, to be sought through a Postal Ballot.

Key Leadership Appointments at a Glance

The following table summarises the key details of the two appointments approved by the Board:

TK Sridhar Appointed as Managing Director

Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the proposal to appoint Mr. TK Sridhar (DIN: 06960804) as Managing Director with effect from January 1, 2027, for a term of 5 consecutive years, subject to shareholders' approval. The Board noted that the proposed appointment is aimed at ensuring continuity in top leadership, strategic execution, and long-term value creation for all stakeholders. The Board is of the view that Mr. TK Sridhar's proven leadership capabilities, institutional knowledge, and familiarity with the Company's culture and values position him well to lead the Company's next phase of growth while ensuring a smooth and orderly leadership transition.

In recommending Mr. TK Sridhar, the Board took into account his extensive experience with the Company, his role as Chief Financial Officer, and his deep understanding of the Company's business operations, financial performance, governance framework, and strategic priorities. Key highlights of his profile include:

• Over three decades of professional experience in business and finance leadership
• Associated with the ABB Group since 1994, having held multiple leadership roles across finance and business functions
• Expertise in financial strategy, business operations, governance, investor relations, and transformation initiatives
• Led large-scale initiatives including financial transformation programs, mergers and acquisitions, and governance framework strengthening
• Contributed to sustainability and ESG initiatives within the Company
• Holds a commerce background with a focus on finance and accounting; is a Certified Independent Director
• Has undertaken executive leadership programmes from reputed global institutions

Mr. TK Sridhar is not related to any Directors and Key Managerial Personnel of the Company.

Sanjeev Sharma Transitions to Non-Executive Role

The term of Mr. Sanjeev Sharma (DIN: 07362344) as Managing Director will conclude on December 31, 2026. The Board placed on record its appreciation for Mr. Sharma's outstanding contribution during his tenure, marked by consistent business performance, key strategic initiatives, and strong governance practices. With a view to continuing to benefit from Mr. Sharma's deep knowledge of ABB's business, particularly in India, and to ensure continuity in strategic guidance at the Board level, the Board approved his appointment as a Non-Executive, Non-Independent Director with effect from January 1, 2027, for a term of 2 years, subject to shareholders' approval. Mr. Sharma will be liable to retire by rotation in this capacity.

Key highlights of Mr. Sharma's profile include:

• Over three decades at ABB, with career experience spanning engineering, operations, product management, and business leadership roles in Europe, Asia, and India
• Led an ABB global business with manufacturing and operational footprint spanning more than 29 countries worldwide
• Chairs the board of ABB R&D in India and ABB Services
• Electrical and telecommunications engineer with advanced management education from IMD, Switzerland, and INSEAD
• Focused on strengthening governance and safety, advancing digitalization and Industry 4.0, enabling electric mobility, and accelerating adoption of emerging technologies

Mr. Sanjeev Sharma is not related to any Directors and Key Managerial Personnel of the Company.

Postal Ballot and Procedural Details

The Board also approved a Postal Ballot Notice to seek shareholders' approval for both appointments — the appointment of Mr. TK Sridhar as Managing Director and the appointment of Mr. Sanjeev Sharma as a Non-Executive, Non-Independent Director. The Postal Ballot Notice will be filed with the Stock Exchanges separately and dispatched to shareholders in due course, in accordance with applicable law. The Board meeting commenced at 2.30 p.m. and concluded at 4.15 p.m. on May 8, 2026. The Company has confirmed that neither Mr. TK Sridhar nor Mr. Sanjeev Sharma is debarred from holding the office of Director by virtue of any order passed by SEBI or any other statutory authority. Both individuals satisfy all applicable requirements under the Companies Act, 2013 and the Listing Regulations for their respective appointments.

ABB has delivered exceptional performance in its India operations, with the company announcing that its order book has achieved a remarkable 26% growth, significantly surpassing market estimates of 7-9%. This outstanding achievement highlights the company's strong execution capabilities and the robust demand environment in the Indian market.

Order Book Performance vs Estimates

The company's order book performance has substantially exceeded analyst expectations, demonstrating ABB's ability to capitalize on market opportunities more effectively than anticipated. The actual growth rate of 26% represents nearly three times the upper end of market estimates.

Market Position and Outlook

The significant outperformance against estimates reflects ABB's strong competitive position in India's expanding industrial and infrastructure sectors. This growth trajectory positions the company favorably for sustained business expansion, with the order book serving as a leading indicator of future revenue potential.

The substantial beat on order book growth indicates strong customer confidence in ABB's solutions and services, suggesting continued momentum in the company's India operations. This performance metric demonstrates the underlying strength of ABB's business model and its ability to secure future revenue streams in one of its key growth markets.