ABB India has informed that the Board of Directors of the Company had approved the transfer of the Company’s Robotics Business to ABB Robotics India on a slump sale basis for a consideration of Rs. 1568,20,00,000 (Rupees One Thousand Five Hundred Sixty-Eight Crores and Twenty Lakhs only) (Business Transfer); and the public shareholders of the Company had approved the Business Transfer. On March 1, 2026, at 11.51 pm the Company has executed a Business Transfer Agreement (BTA) with ABB Robotics India Private Limited for the Business Transfer. The disclosures made in accordance with Regulation 30 of the Listing Regulations read with SEBI Master Circular dated November 11, 2024, bearing reference number No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated, in relation to the Business Transfer pursuant to the letter dated January 26, 2026 were based on information that was available at the time of such communication, and the company had indicated that the same would be updated upon execution of the BTA.
The above information is a part of company’s filings submitted to BSE.
