Siemens has informed that the Company has today, 1st June, 2026, completed the sale and transfer of its Low Voltage Motors and Geared Motors business (as more specifically described in our letter of 8th December, 2025) as a going concern on a ‘slump sale’ basis to Innomotics India Private Limited for a cash consideration (enterprise value) of INR 22 billion (Indian Rupees Twenty Two Billion), on a cash free, debt free basis and subject to other adjustments that are mutually agreed between the parties in terms of the slump sale agreement dated 8th December, 2025 entered into inter alia between the Company and Innomotics India . It enclosed the Press Release issued by the Company in this regard.
The above disclosure is also available on the website of the Company.
The above information is a part of company’s filings submitted to BSE.
