Siemens Energy India Limited appointed Ajay Jain as Execution Unit Head (Grid Technologies - Transformers) effective October 5, 2026. This leadership change aims to strengthen the company's transformer business operations.

Jain joins from CG Power and Industrial Solutions Limited, where he served as Vice President – Transformer Business for over three years. He held full profit and loss responsibility for a multi-plant transformers business. Prior to this role, he held senior positions at Hitachi Energy India and GE T&D India, focusing on profitability and operational excellence.

Professional background

Jain is a seasoned leader with more than 30 years of experience in large-scale manufacturing and P&L management within the power transformers industry. His expertise spans customer satisfaction, market share expansion, and operational improvements.

He holds a Bachelor of Engineering degree in Electrical and Power Systems from Punjabi University, Patiala.

Leadership transition

The appointment follows the departure of Ganesh Nadgouda from the interim Execution Unit Head role. Nadgouda ceased to be part of the senior management team at the close of business hours on October 4, 2026. However, he continues to serve as General Manager - Plant Operations (Grid Technologies - Transformers).

What the numbers show

This move signals a strategic focus on stabilizing the Grid Technologies segment by installing a veteran with direct P&L experience from a major competitor. The transition ensures continuity in plant operations while upgrading the unit's commercial leadership.

Siemens Energy India Limited has announced the closure of its trading window starting September 30, 2026. This measure is taken in anticipation of the declaration of the company's financial results for the fiscal year ending September 30, 2026.

The trading window will remain closed until 48 hours after the official announcement of these Financial Results to the stock exchanges. This action is in strict compliance with the company's Code of Conduct for Prohibition of Insider Trading.

Regulatory Compliance and Timeline

The company informed BSE and NSE that the restriction applies to all designated persons and connected persons. The primary objective is to prevent the misuse of unpublished price-sensitive information regarding the upcoming annual performance figures.

Key details of the closure include:

• Start Date: September 30, 2026
• End Condition: 48 hours after the announcement of Financial Results
• Reason: Declaration of FY27 financial results
• Governing Policy: Code of Conduct for Prohibition of Insider Trading

Corporate Filing Details

The intimation was signed by Vishal Tembe, Company Secretary, on September 28, 2026. The filing references the company's registered office in Mumbai and confirms the adherence to statutory guidelines for listed entities.