Dividend26 May 2026, 05:21 pm
Siemens: Recommends ₹18 Dividend; Approves Amalgamation
AI Summary
Siemens Ltd's board approved audited financial results for the 18-month financial year ending March 31, 2026, and recommended a dividend of ₹18 per share (900%). The board also approved the amalgamation of its wholly-owned subsidiary, Siemens Rail Automation Private Limited, with Siemens Limited. Changes in directors include Tim Holt's retirement, Matthias Rebellius' resignation, and the proposed appointments of Veronika Bienert and Michael Peter as directors.
Key Highlights
- Siemens recommends a dividend of ₹18 per share (900%) for FY26.
- Board approves amalgamation of Siemens Rail Automation Private Limited with Siemens Limited.
- Tim Holt retires; Matthias Rebellius resigns; Veronika Bienert and Michael Peter to be appointed as directors.
- Audited financial results (standalone and consolidated) approved for the 18-month period ending March 31, 2026.
Price Impact
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