ABB India Shareholders Approve Robotics Business Sale Via Postal Ballot
ABB India Limited shareholders approved the sale of its Robotics Business via postal ballot. The ordinary resolution received 94.08% votes in favour. The remote e-voting concluded on February 27, 2026.
The sale of a business unit is a material event that can impact the company's structure and future operations.
The shareholders have approved a significant business transaction, indicating confidence and agreement with the company's strategic decisions.
ABB India Limited announced that its shareholders have approved the material related party transaction involving the sale of its Robotics Business to ABB Robotics India Private Limited on a slump sale basis. The approval was sought through a postal ballot, with the remote e-voting period concluding on Friday, February 27, 2026, at 5:00 PM IST.
The ordinary resolution for this transaction was duly approved by the members with the requisite majority. The voting results, submitted by the scrutinizer Mr. Chandra Sekhar Kandukoori, indicate that 94.08% of the valid votes cast were in favour of the resolution, while 5.92% were against. The total number of votes polled was 31,008,878.
The company had previously issued a notice for the postal ballot on January 26, 2026, detailing the proposed sale. The e-voting commenced on January 29, 2026. The results of this postal ballot are in furtherance to the company's letter dated January 28, 2026, and will be available on the company's website and the KFIN e-voting portal.
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ABB India Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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