NCLT Approves Capital Reduction of Subsidiary C&S Electric; To Become Wholly Owned

NCLT New Delhi approved reduction of 3,43,948 equity shares of FV INR 10 each — 0.78% of C&S Electric's paid-up capital — held by shareholders other than Siemens.

Fri 25 Sep 2026

Shares Being Reduced

343,948 equity shares of face value INR 10 each

Percentage of Capital Reduced

0.78% of C&S Electric's paid-up capital

Siemens Current Stake

99.22% of C&S Electric

NCLT Order Date

24th September 2026

What happened

Siemens Limited has informed the exchanges that the Hon'ble National Company Law Tribunal, New Delhi Bench, by its order dated 24th September 2026 (uploaded on the NCLT website on 25th September 2026), approved the reduction of share capital of its subsidiary C&S Electric Limited.

The numbers

• Shares being reduced: 343,948 equity shares of face value INR 10/- each
• These represent 0.78% of the total issued, subscribed and paid-up equity share capital of C&S
• The reduction applies to Specified Shareholders, excluding Siemens Limited
• Siemens Limited currently holds 99.22% of the equity share capital of C&S

What it means

A capital reduction here cancels the small minority stake in C&S Electric. Once the reduction is completed and implemented, C&S Electric will become a wholly owned subsidiary of Siemens Limited, consolidating full ownership of the subsidiary under Siemens.

Next steps

C&S will take the necessary steps as per regulatory requirements to implement the capital reduction in line with the NCLT order. Siemens Limited has said it will make the necessary intimation in due course.

The company has described this as a voluntary intimation.

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