BSECompany Update9 Oct 2026 · 9 Oct 2026, 12:57 pm
Please refer the attached file.
Siemens Energy India Ltd · 544390
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Siemens Energy India Ltd has received an update on a litigation matter in Russia, where the Supreme Court of Russia has rejected the company's appeal against an arbitral order, directing the company to pay ₹ 443.76 million along with interest.
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Siemens Energy India Ltd - 544390 - Update On Litigation
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October 9, 2026
BSE Limited National Stock Exchange of India Limited
Scrip Code: 544390 Symbol: ENRIN
Sub.: Update on Litigation - Information pursuant to the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’)
Ref.: Scheme of Arrangement between Siemens Limited (‘Demerged Company’)
and Siemens Energy India Limited (‘the Company’ or ‘Resulting Company’) and
their respective shareholders and creditors under Sections 230 to 232 and other
applicable provisions of the Companies Act, 2013 providing for the demerger of
the Energy Business of Siemens Limited (as defined in the Scheme) to the
Company, sanctioned by the Hon’ble National Company Law Tribunal, Mumbai
Bench (‘Scheme’)
Dear Sir / Madam,
We refer to our letter dated July 21, 2025, regarding material civil proceedings before the
arbitration court of St. Petersburg, Russia (‘Arbitration Court’), transferred to the Company
pursuant to the Scheme.
In this connection, please note that the Company on October 8, 2026, at around 16:53 hrs has
received the following update:
The Chairman of the Supreme Court of Russia vide its decision dated October 7, 2026, has
rejected the appeal filed by the Company against the order dated July 17, 2025, passed by
the Arbitration Court.
Accordingly, all court proceedings in the matter in Russia stand concluded and the said order
of the Arbitration Court remains in effect [i.e. the Company is directed to pay an aggregate
amount of ₹ 443.76 million1 (USD 5,165,129.62) along with additional interest 8% p.a. to be
paid from May 30, 2025 till the date of actual payment of the principal amount.]
Note: (1) based on FOREX conversion numbers as on July 17, 2025.
The Company continues to believe that the said arbitral order is unsustainable in law and
contract. The Company is evaluating further legal remedies available to protect its rights and
interests in the matter and will accordingly resist any potential attempt to enforce the arbitral
order before the Indian courts, should the counter party pursue execution of the arbitral order
in India.
Kindly take the same on record.
Yours faithfully,
For Siemens Energy India Limited
Vishal Tembe
Company Secretary
Siemens Energy India Limited
Registered Office: Birla Aurora, Level 21, Plot No. 1080, Dr. Annie Besant Road, Worli, Mumbai – 400030; Corporate Identity Number: L28110MH2024PLC418770;
Tel.: +91 22 6251 7000; E-mail: contact@siemens-energy-india.com; Website: www.siemens-energy-india.com
Siemens Energy is a registered trademark licensed by Siemens AG.