Siemens announced that it has received approval from the National Company Law Tribunal (NCLT) for the demerger of the company and Siemens Energy India Ltd. In a regulatory filing, the company said, “…the Hon’ble National Company Law Tribunal, Mumbai Bench, vide its order dated March 25, 2025, has sanctioned the Scheme of Arrangement between Siemens Limited (Company or Demerged Company) and Siemens Energy India Limited (SEIL or Resulting Company) and their respective shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 (Scheme).”
The equity allotment ratio for this demerger has been fixed as 1:1, which means that Siemens shareholders will receive one equity share each of Siemens Energy India for every one share that they own as of the record date. Siemen said that 1 fully paid-up equity share of SEIL having a face value of Rs 2 each for every 1 fully paid-up equity share of Rs 2 each held in the company.
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The record date for the purpose of determining the shareholders of the company has been mutually agreed to be fixed as April 7, 2025. The appointed date for the demerger is March 1, 2025 and the demerger is effective from March 25.
Consequently, Guilherme Vieira De Mendonca, who was the head of the company’s energy business, has been appointed as the Managing Director and Chief Executive Officer of SEIL. Further, Harish Shekar, who was the finance head of the company’s energy business, has been appointed as the Executive Director and Chief Financial Officer of SEIL.
Earlier in February, Siemens had released its fiscal third quarter earnings report with profit at Rs 614.30 crore, up 22 per cent in comparison to Rs 505.40 crore reported during the same period last year. Consolidated revenue from operations dropped by 3 per cent YoY to Rs 3,587.20 crore.
Shares of Siemens were up 2.16 per cent at 9:30 am today at a trading price of Rs 5,229.50.
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