Shareholders meeting

July 13, 2026 National Stock Exchange of India Limited BSE Limited Scrip Code – National Stock Exchange of India Limited: SIEMENS EQ BSE Limited: 500550 Sub: Annual Report for the Financial Year 2024-26 and Notice convening 68th Annual General Meeting (“AGM”) Dear Sir / Madam, Pursuant to Regulation 30 and 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Annual Report of the Company for the Financial Year 2024-26 (October 1, 2024 – March 31, 2026), including the Notice convening 68th AGM of the Members of the Company, scheduled to be held on Tuesday, August 11, 2026, at 3.00 p.m. (IST) through Video Conferencing / Other Audio Visual Means. The said documents along with the full Business Responsibility and Sustainability Report (BRSR) for the said financial year are also uploaded on the website of the Company viz. https://new.siemens.com/in/en/company/investor-relations/annual-reports.html. Yours faithfully, ForSiemens Limited Ketan Thaker Company Secretary Encl: a/a Siemens Limited Dr Annie Besant Rd. Tel.: +91 22 6251 2191 Management: Sunil Mathur 400030 Mumbai www.siemens.com INDIA Registered Office: Birla Aurora, Level 21, Plot No. 1080, Dr. Annie Besant Road, Worli, Mumbai – 400030; Corporate Identity number: L28920MH1957PLC010839; Tel.: +91 22 6251 7000; Fax: +91 22 2436 2404; Contact / Email: www.siemens.co.in/contact; Website: www.siemens.co.in. Sales Offices: Ahmedabad, Bengaluru, Chennai, Gurugram, Hyderabad, Kolkata, Mumbai, Nagpur, Kalwa, Puducherry, Pune, Vadodara. Financial Highlights (` in million) 2024-26 2023-24 2022-23 2021-22 2020-21 Orders received* 338,678 235,641 463,829 198,509 146,615 Income, Profit and Dividend* Revenue from operations 261,074 204,966 179,651 152,558 131,045 Profit before depreciation, interest and tax (PBDIT) 36,795 38,059 27,889 19,404 17,156 Depreciation 2,770 2,301 2,235 2,119 2,282 Interest 334 581 203 341 196 Profit before tax (excluding gain on sale of business) 33,691 35,177 25,451 16,944 14,678 Gain on sale of Business - - - 3,559 487 Profit Before Tax (PBT) 33,691 35,177 25,451 20,503 15,165 Tax 8,231 8,526 6,338 5,195 4,135 Profit After Tax (PAT) 25,460 26,651 19,113 15,308 11,030 Dividend - % 900% 600% 500% 500% 400% Dividend - ` Per Share 18 12 10 10 8 Share Capital, Assets and Book Value Equity share capital 712 712 712 712 712 Other Equity 134,543 151,758 129,533 115,247 102,725 Net Worth (Equity) 135,255 152,470 130,245 115,959 103,437 Loans - - - - 25 Total Capital Employed 135,255 152,470 130,245 115,959 103,462 Capital Represented by: Property, plant and equipment, Capital work-in-progress, Other intangible assets, Investment properties and Right-of-Use assets 11,274 12,401 10,464 10,732 11,425 Investments & Goodwill 22,423 22,423 22,423 22,201 22,120 Net Current Assets & Other Assets 101,558 117,646 97,358 83,025 69,892 Net Assets 135,255 152,470 130,245 115,959 103,437 Book Value - ` 379.80 428.14 365.73 325.62 290.46 Returns* On Revenue from operations [PBT (excluding gain on sale of business)] - % 12.90 17.16 14.17 11.11 10.92 On Capital Employed (PBT) - % 24.91 23.07 19.54 17.68 14.66 On Shareholders Fund (PAT) - % 18.82 17.48 14.67 13.20 10.66 Per Share (PAT) - ` 71.49 74.84 53.67 42.98 30.97 * Includes total operations of the Company Contents Board of Directors 02 Chairman’s Statement 05 Notice 09 Directors’ Report 35 Annexure I - Form AOC – 1 44 Annexure II - Conservation of Energy, etc. 45 Annexure III - Management’s Discussion & Analysis 49 Annexure IV - Corporate Governance Report 56 Annexure V - General Shareholder Information 74 Annexure VI - Corporate Social Responsibility Report 83 Annexure VII - Statement of Disclosure of Remuneration 105 Annexure VIII - Form AOC – 2 106 Annexure IX - Particulars of Loans, Guarantees or Investments 107 Annexure X - Secretarial Audit Report 108 Business Responsibility & Sustainability Report - Abstract 112 Independent Auditor’s Report - Standalone Financial Statements 116 Standalone Financial Statements 130 Independent Auditor’s Report - Consolidated Financial Statements 228 Consolidated Financial Statements 238 Green Initiative 337 Board of Directors Deepak S. Parekh Sindhu Gangadharan Shyamak R. Tata Chairman Independent Director Independent Director Anami N Roy Tim Holt Matthias Rebellius Independent Director Director Special Director (Nominee of Siemens Aktiengesellschaft, Germany) Dr. Juergen Wagner Sunil Mathur Wolfgang Wrumnig Director Managing Director and Executive Director and Chief Executive Officer Chief Financial Officer Heads of Business Robert HK Demann Rajeev Joisar Swapnil Deosthali Smart Infrastructure Mobility Digital Industries Committees of Directors (as on March 31, 2026) Audit Committee Risk Management Committee Mr. Shyamak R. Tata - Chairman Mr. Deepak S. Parekh - Chairman Mr. Anami Roy Mr. Shyamak R. Tata Dr. Juergen Wagner Mr. Matthias Rebellius Mr. Tim Holt Dr. Juergen Wagner Nomination and Remuneration Committee Stakeholders Relationship Committee Mr. Shyamak R. Tata - Chairman Mr. Shyamak R. Tata - Chairman Mr. Matthias Rebellius Mr. Sunil Mathur Mr. Anami Roy Mr. Wolfgang Wrumnig Corporate Social Responsibility Committee Share Transfer Committee Mr. Deepak S. Parekh - Chairman Mr. Sunil Mathur - Chairman Ms. Sindhu Gangadharan Mr. Wolfgang Wrumnig Dr. Juergen Wagner Mr. Sunil Mathur Mr. Wolfgang Wrumnig Siemens Limited Annual Report 2026 3 Company Secretary Mr. Ketan Thaker Registered and Corporate Office: Registrar and Share Transfer Agent: Siemens Limited MUFG Intime India Private Limited Birla Aurora, Level 21, Plot No. 1080, (formerly known as Link Intime India Private Limited)* Dr. Annie Besant Road, Worli, Mumbai 400 030 Phone: +91 22 81081 18484; Phone: +91 22 6251 7000 Fax: +91 22 2436 2404 Email: investor.helpdesk@in.mpms.mufg.com; CIN: L28920MH1957PLC010839 Website: https://in.mpms.mufg.com/ Website: www.siemens.co.in *Change of name effective from December 31, 2024. Investor Relations Team: Contact Person: Mr. Raj Shah E-mail: Corporate-Secretariat.in@siemens.com Phone: +91 22 6251 7000 Fax: +91 22 2436 2404 Details of 68th Annual General Meeting Day and Date : Tuesday, August 11, 2026 Time : 3.00 P.M. Mode : Video Conferencing (“VC”) / Other Audio-Visual Means (“OAVM”), 4 Annual Report 2026 Siemens Limited Chairman’s Statement Dear Shareholders, The financial year under review (Financial Year 2024-26) represents an 18-month period (October 1, 2024 to March 31, 2026) following the transition to an April–March financial year. Financial Year 2024-26 marked a period of transition and resilience for the Company, set against a global backdrop of moderate growth, persistent geopolitical uncertainty and evolving economic dynamics. Global growth remained structurally lower than pre-pandemic levels, with supply chain disruptions, tariff and commodity price increases and exchange rate volatility leading to increasing levels of inflation. Despite this environment, India continued to outperform as one of the fastest-growing major economies, supported by strong domestic demand, sustained public infrastructure spending and expanding manufacturing and digital capabilities. This remains highly relevant to the Company, whose portfolio is closely aligned with India’s long-term priorities in electrification, automation, rail modernization, smart infrastructure and industrial AI. During the 18-month period, the Company sustained its focus on vertical markets through its wide portfolio range aimed at making our customers more sustainable and resilient. The Company remains well positioned to support India’s next phase of industrial and infrastructure development and will benefit from increasing outlays in conventional growth sectors such as power transmission & distribution, commercial buildings, consumer package goods, metals, water, life sciences and emerging high growth areas such as renewables, batteries, data centers, semiconductors, aerospace and defen [Showing first 8,000 characters — download PDF for full document]