Siemens Limited — Updates, 28-10-2024: Scheme of Arrangement

Siemens Limited has received a National Company Law Tribunal order to convene meetings for its Equity Shareholders and Unsecured Creditors regarding a Scheme of Arrangement. This scheme involves the demerger of Siemens Limited's Energy Business into Siemens Energy India Limited, its wholly owned subsidiary. The meetings must be held within 45 days to consider the approval of the proposed demerger, which aims to enhance focus and operational independence for both companies. Detailed announcements will follow.