Abbott India Limited has initiated a postal ballot process to seek shareholder approval for the appointment of Mr. Darshan Gada as a Non-Executive Director. This move comes following Gada's initial appointment as an Additional Director on August 18, 2025, based on the recommendation of the company's Nomination and Remuneration Committee.

About Darshan Gada

Mr. Gada, a 43-year-old Chartered Accountant, brings over 21 years of extensive finance experience to the table. He currently serves as the Regional Finance Director at Abbott Healthcare Private Limited, heading the Financial Planning and Analysis function for Abbott's Established Pharmaceuticals business in India.

Professional Background

Throughout his career, Gada has held several key leadership roles, showcasing expertise in:

• Commercial Operations
• Taxation
• Supply Chain Finance
• Mergers & Acquisitions
• Strategy Development

His experience includes steering finance for large commercial units, leading supply chain finance initiatives, and shaping long-term business strategies. Gada's contributions also extend to business integration and core accounting.

Voting Process

The company has outlined the following key dates for the voting process:

Abbott India has engaged KFin Technologies Limited to provide the e-voting facility to its shareholders.

Appointment Details

The resolution for Mr. Gada's appointment is proposed as an Ordinary Resolution. If approved, he will serve as a Non-Executive Director of the company, liable to retire by rotation.

Shareholder Information

The Postal Ballot Notice, dated August 12, 2025, has been sent to shareholders whose email addresses are registered with the company or its Registrar and Transfer Agent. Shareholders can access the notice on the company's website ( www.abbott.co.in ) and on KFin Technologies' e-voting website ( https://evoting.kfintech.com ).

Abbott India Limited continues to strengthen its leadership team with this proposed appointment, leveraging Mr. Gada's extensive financial expertise to support the company's growth and strategic initiatives.

Abbott , a leading technology company, has recently secured a significant order and reported its quarterly financial results, showcasing both growth and challenges in its operations.

New Order from Siemens Gamesa

ABB India has won a substantial order worth ₹173.55 crore from Siemens Gamesa Renewable Power. The contract involves the manufacturing and supply of 3.X wind turbine converters and electrical cabinets. This order underscores ABB India's strong position in the renewable energy sector and its capability to provide advanced solutions for wind power generation.

Key details of the order:

• Value: ₹173.55 crore
• Client: Siemens Gamesa Renewable Power
• Products: 3.X wind turbine converters and electrical cabinets
• Execution: From ABB India's Nelamangala factory
• Delivery Schedule: Monthly deliveries from January 2026 to December 2026

This long-term order, spanning a full year of deliveries, indicates a steady demand for ABB India's wind energy solutions and potentially signals positive growth in the renewable energy sector.

Mixed Q3 Financial Results

Alongside the new order announcement, ABB India has reported its recent quarterly financial results, presenting a mixed picture of the company's performance:

While the company demonstrated strong top-line growth with a 12.20% increase in revenue, profitability metrics showed a decline. Net profit decreased by 20.50%, and EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) fell by 27.00%.

Sanjeev Sharma, Managing Director of ABB India, addressed the profitability challenges, attributing the impact to forex volatility and one-time factors. These explanations suggest that the company views the profit decline as potentially temporary, affected by external market conditions rather than fundamental business issues.

Market Response

The market appears to have responded positively to the recent developments. Following the announcement of the new order, ABB India's shares traded 0.76% higher at ₹5,039.00. This uptick suggests that investors are focusing on the company's ability to secure significant new business, potentially outweighing concerns about the short-term profitability challenges.

The combination of a major new order in the renewable energy sector and continued revenue growth, despite profitability headwinds, paints a picture of a company navigating both opportunities and challenges in a dynamic market environment.