Siemens Limited has successfully concluded its postal ballot process on January 30, 2026, with shareholders approving the continuation of Mr. Matthias Rebellius as Special Director. The resolution received strong support from shareholders across all categories, demonstrating confidence in the company's leadership structure.

Postal Ballot Overview

The postal ballot was conducted pursuant to Section 110 of the Companies Act, 2013, and related regulations. The company engaged National Securities Depository Limited (NSDL) to provide remote e-voting facilities to shareholders. The voting process commenced on January 01, 2026 at 09:00 a.m. and concluded on January 30, 2026 at 05:00 p.m.

Voting Results and Shareholder Participation

The resolution regarding the continuation of Mr. Matthias Rebellius as Special Director received overwhelming support from shareholders. Out of the total outstanding shares of 356.12 crore, 314.59 crore shares participated in the voting process, representing 88.34% participation.

Resolution Details and Outcome

The ordinary resolution sought approval for the continuation of Mr. Matthias Rebellius (DIN: 08975071) as Special Director, who serves as the nominee of Siemens Aktiengesellschaft, Germany. The resolution was decisively passed with 299.99 crore votes in favour, representing 95.36% of the total votes polled.

Key voting statistics:

• Members voted in favour: 1,396 shareholders
• Members voted against: 448 shareholders
• Invalid votes: Nil
• Total valid votes cast: 314.59 crore shares

Scrutinizer's Certification

P.N. Parikh of Parikh Parekh & Associates, appointed as the scrutinizer for the postal ballot process, certified the results on January 30, 2026. The scrutinizer confirmed that the voting process was conducted in accordance with the Companies Act, 2013, and related rules. The entire process was conducted through remote e-voting, with no physical voting or postal ballot forms used.

The successful passage of this resolution ensures continuity in the company's board composition and maintains the representation of the parent company, Siemens Aktiengesellschaft, Germany, in the Indian subsidiary's governance structure.

Siemens AG's senior leadership has identified India as a potential key global hub, with the German technology conglomerate's Digital Industries CEO expressing strong optimism about the country's manufacturing trajectory during the World Economic Forum in Davos.

India Positioned as Strategic Global Location

Cedric Neike, CEO of Digital Industries and member of Siemens' managing board, stated that India has the potential to become one of four main places globally for the company. Speaking on the sidelines of the World Economic Forum held between January 19-23, Neike highlighted India's robust infrastructure investment and growing manufacturing capabilities as key factors driving this assessment.

Manufacturing and Infrastructure Growth Drivers

Neike characterized India as a "zero-one country," explaining that while execution can take time initially, it accelerates sharply once the direction is established. "For me, it's been a country where India does something, it takes time. But when it does, it does it really," he observed.

The executive emphasized that India has built substantial infrastructure over the last decade and is now transitioning into manufacturing. He noted significant interest from larger companies wanting to establish highly competitive manufacturing facilities in the country.

Market Outlook and Economic Recovery

Regarding future prospects, Neike indicated that rising consumer demand will drive investment to meet that demand, positioning 2026 as a potentially strong year. He identified the recovering economy and ongoing geopolitical changes around the globe as key growth drivers for the company's operations.

Localization Strategy Mitigates Trade Impact

Addressing concerns about potential tariff impacts on Siemens operations, Neike explained that the company's localized manufacturing approach provides protection. He referenced the trend toward regional manufacturing strategies, citing "Make in China, Make in India, Make America Great Again" as examples of this localization movement, noting that Siemens has not been significantly impacted due to this strategic positioning.

Global Leadership Gathering

The World Economic Forum brought together nearly 3,000 leaders from over 130 countries, including 400 top political leaders and 850 CEOs, providing a platform for discussions on global economic trends and strategic business positioning.