Siemens Limited — Important, 31-10-2024: Updates

Siemens Limited has announced updates regarding its scheme of arrangement with Siemens Energy India Limited, facilitating the demerger of its Energy Business. The board has received no adverse observations from BSE and no objections from NSE. Meetings for equity shareholders and unsecured creditors are set for December 2, 2024. Additionally, Mr. Guilherme Vieira De Mendonca and Mr. Harish Shekar have been identified as managing director and executive director, respectively, of the resulting company, pending regulatory approvals.