ABB Power Products & Systems India has informed that the Board of Directors at their meeting held today, Thursday, April 30, 2020 through video conferencing, has approved the Unaudited Financial Results of the Company for the quarter ended March 31, 2020 (Q1) pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations). The said Unaudited Financial Results together with the Limited Review report of the Statutory Auditors dated April 30, 2020 are enclosed. Compliance as required under Regulation 47 of the Listing Regulations will be complied. The board also approved the conduct of Postal Ballot and e-voting exercise to seek approval of members for the following: Appointment of Frank Duggan (DIN: 02937233) as a Director; Appointment of Mukesh Hari Butani (DIN: 01452839) as an Independent Director; Appointment of Akila Krishnakumar (DIN: 06629992) as an Independent Director; Appointment of Nishi Vasudeva (DIN: 03016991) as an Independent Director; Appointment of Venu Nuguri (DIN: 07032076) as a Director; Appointment of Venu Nuguri (DIN: 07032076) as Managing Director; Commission to the Non-Executive Independent Directors of the Company; Ratification of remuneration to the Cost Auditor of the Company for Financial period 2019; and approval of remuneration to the Cost Auditor of the Company for Financial year 2020.
The above information is a part of company’s filings submitted to BSE.