Siemens Energy Russia Arbitration Appeal Rejected

Siemens Energy India Ltd has received an update regarding a material civil proceeding in Russia. The Chairman of the Supreme Court of Russia rejected the company's appeal against an order from the Arbitration Court of St. Petersburg. This means all court proceedings in Russia are concluded, and the original order stands. The company is directed to pay an aggregate amount of ₹443.76 million (USD 5,165,129.62) plus 8% annual interest from May 30, 2025, until payment. Siemens Energy India believes the arbitral order is unsustainable and is evaluating further legal remedies, including resisting enforcement in Indian courts.