Siemens Ltd appoints Veronika Bienert as Special Director from Oct 1

1 min read | Published on 01 Oct 2026, 09:24 AM |Updated on 01 Oct 2026, 09:24 AM

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Naman SScanX News Team

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Key Highlights

Veronika Bienert appointed as Special Director effective October 1, 2026
Matthias Rebellius resigned following retirement from Siemens AG
Changes filed under SEBI Regulation 30 disclosure norms

*this image is generated using AI for illustrative purposes only.

Siemens Limited has appointed Veronika Bienert as a Special Director (Nominee of Siemens AG) with effect from October 1, 2026. This appointment follows the cessation of Matthias Rebellius from the same role due to his retirement from Siemens AG.

The company filed this information with the National Stock Exchange of India and BSE pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The change in directorship was disclosed in a letter dated October 1, 2026, signed by Ketan Thaker, Company Secretary.

Board Composition Changes

Matthias Rebellius ceased to be a Special Director (Non-executive Non-Independent Director) at the close of business hours on September 30, 2026. His resignation letter, dated May 26, 2026, cited his retirement from Siemens AG as the reason for stepping down from the Indian subsidiary's board.

Veronika Bienert assumes the role of Special Director (Non-executive Non-Independent Director) starting October 1, 2026. She is nominated by Siemens AG to represent the parent company's interests on the board of the Indian entity.

Key Directorship Details

Role	Name	DIN	Effective Date	Status
Special Director (Outgoing)	Matthias Rebellius	08975071	September 30, 2026	Ceased
Special Director (Incoming)	Veronika Bienert	11745871	October 1, 2026	Appointed

The transition ensures continuous representation of Siemens AG on the board of Siemens Limited. Both directors served in non-executive capacities, focusing on strategic oversight rather than day-to-day operations.

Historical Stock Returns for Siemens

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.84%	-3.32%	-8.12%	+28.00%	+20.06%	+254.89%

How might Veronika Bienert's background and expertise at Siemens AG influence the strategic direction of Siemens Limited in the Indian market?

Will the leadership transition impact Siemens Limited's existing capital expenditure plans or major infrastructure projects in India?

What are the potential implications of this director change for Siemens Limited's compliance posture with SEBI regulations in the coming quarters?

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Siemens Ltd gets NCLT nod to make C&S Electric wholly owned

1 min read | Published on 25 Sept 2026, 08:34 PM |Updated on 25 Sept 2026, 08:34 PM

Reviewed by

Shriram SScanX News Team

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Key Highlights

NCLT approved reduction of 343,948 equity shares in C&S Electric
Shares reduced constitute 0.78% of total paid-up equity capital
Siemens Limited currently holds 99.22% stake in C&S Electric
C&S Electric will become wholly owned subsidiary post-implementation

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Siemens Limited received approval from the National Company Law Tribunal (NCLT) to reduce the share capital of its subsidiary, C&S Electric Limited, paving the way for it to become a wholly owned subsidiary.

The NCLT, New Delhi Bench, passed the order on September 24, 2026, which was uploaded to its website on September 25, 2026. The order approves the reduction of 343,948 equity shares with a face value of ₹10 each. These shares constitute 0.78% of the total issued, subscribed, and paid-up equity share capital of C&S Electric.

Regulatory approval and capital structure

The approved reduction targets shares held by specified shareholders, excluding Siemens Limited itself. Currently, Siemens Limited holds 99.22% of the equity share capital of C&S Electric. The remaining 0.78% is held by other shareholders who are being bought out through this capital reduction mechanism.

Once the implementation steps are completed in accordance with regulatory requirements, C&S Electric will transition to being a wholly owned subsidiary of Siemens Limited. The company stated that it will make further intimation regarding the completion of this process in due course.

What the numbers show

The transaction highlights a consolidation strategy where Siemens Limited is moving from a majority stakeholder position (99.22%) to full ownership. By eliminating the minority stake of 0.78%, the company simplifies the ownership structure of C&S Electric, potentially reducing administrative overheads associated with minority shareholder reporting and governance for this specific entity.

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