ABB India Limited has issued an official clarification to BSE Limited regarding news reports about a $2 billion share buyback program, confirming that the announcement relates to its Swiss parent company and not the Indian operations. The clarification was submitted on January 29, 2026, in response to a BSE inquiry seeking confirmation about market reports.

Clarification Details

The company responded to BSE's email dated January 29, 2026, which sought clarification on a news item published on domain-b.com with the headline "ABB gives confident 2026 outlook, launches $2 billion share buyback after record year." ABB India explicitly stated that the news pertains to ABB Ltd., Switzerland, which serves as the ultimate holding company for the Indian subsidiary.

Company's Position

ABB India categorically stated that it has no connection with or involvement in the developments referenced in the news article. The company confirmed that it has not engaged in any discussions pertaining to the matters mentioned in the news report. Additionally, the management stated they are not aware of any unpublished price-sensitive information that may have influenced stock price movements on January 29, 2026.

Regulatory Compliance

The company reaffirmed its commitment to regulatory compliance under SEBI guidelines. Key compliance confirmations include:

• All necessary disclosures made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• No material information withheld that could impact price or volume behavior
• Commitment to continue informing stock exchanges about price-sensitive information as required

Market Activity Attribution

ABB India attributed the recent increase in trading volume of the company's securities across exchanges to market-driven factors rather than any corporate developments specific to the Indian operations. The clarification was signed by Trivikram Guda, Company Secretary and Compliance Officer, and submitted to ensure transparency with market participants and regulatory authorities.

ABB Global has reported improved business performance in its India operations and announced an upward revision of its guidance for the region. The development signals positive momentum in the company's Indian market presence.

Business Performance Enhancement

The engineering and technology company has observed strengthening performance across its India operations. This improvement has prompted management to take a more optimistic view of the regional business outlook.

Guidance Revision

Following the improved business metrics, ABB Global has raised its guidance for India operations. The upward revision reflects management's confidence in sustained growth momentum and operational efficiency improvements in the region.

Market Implications

The positive guidance adjustment indicates ABB's strengthening position in the Indian market. This development comes as the company continues to focus on its engineering and technology solutions across various industrial sectors in India.

The announcement represents a significant development for ABB's regional strategy, demonstrating the company's ability to capitalize on market opportunities and operational improvements in one of its key international markets.