Nominee Director Change: Matthias Rebellius Ceases, Veronika Bienert Appointed

Board change at the nominee director level.

Thu 1 Oct 2026

Outgoing Director

Mr. Matthias Rebellius ceased to be Special Director (Nominee of Siemens AG), Non-executive Non-Independent Director, from close of…

Incoming Director

Ms. Veronika Bienert appointed as Special Director (Nominee of Siemens AG), Non-executive Non-Independent Director, with effect from 1st…

Reason for Change

Retirement from Siemens AG

What changed

• Mr. Matthias Rebellius has ceased to be Special Director (Nominee of Siemens AG), a Non-executive Non-Independent Director, with effect from close of business hours on 30th September 2026.
• The reason stated is his retirement from Siemens AG on the same date. His resignation letter, dated 26th May 2026, thanks the Chairman and fellow Board Members for their support during his tenure.
• Ms. Veronika Bienert is appointed as Special Director (Nominee of Siemens AG), Non-executive Non-Independent Director, with effect from 1st October 2026.

What it means for investors

A "nominee" director represents the parent company, Siemens AG, on the Indian company's board. A non-executive director does not run day-to-day operations, so this change does not affect the executive management or business operations of the company.

The outgoing and incoming appointments are back-to-back dates, so the parent's representation on the board continues uninterrupted. The update is in continuation of earlier intimations dated 26th May 2026 and 11th August 2026 on the same subject.

Perception

Such changes are generally read as routine succession planning at the parent level rather than as a signal about company performance.

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