ABB India’s Board of Directors has approved the appointment of Mr. N. V. Sivakumar as an Independent Director. This appointment is effective from January 1, 2027, for a term of three years, subject to shareholder approval. Mr. Sivakumar, a Chartered Accountant with over 40 years of experience at PwC, brings extensive expertise in audit, transaction advisory, and corporate governance.
Board Appoints New Independent Director
The Board of Directors of ABB India Limited, at its meeting held on November 13, 2026, approved the proposal for the appointment of Mr. N. V. Sivakumar as an Independent Director. This appointment is set to commence from January 1, 2027, and will be for a term of three years, pending the approval of the company’s shareholders.
Director’s Profile and Independence
Mr. N. V. Sivakumar is a Chartered Accountant from the Institute of Chartered Accountants of India and holds a Bachelor of Commerce degree. He brings over 40 years of extensive experience with PwC across various roles including Audit Partner, Retail & Consumer Sector Leader, and Chairman of PwC India’s Partner Oversight Committee. He retired from PwC on March 31, 2023. His qualifications and background include expertise in audit, transaction services, deals, governance, and leadership roles in India, the UK, and the Middle East. Mr. Sivakumar is not related to any member of the Board of Directors and meets all applicable criteria for appointment as an Independent Director. He is also not debarred from holding such an office by any regulatory authority.
Postal Ballot to Seek Shareholder Approval
The company also approved the Postal Ballot Notice to seek shareholders’ approval for Mr. Sivakumar’s appointment. The Postal Ballot Notice will be filed with the Stock Exchanges and dispatched to shareholders in due course. This process ensures transparency and adherence to corporate governance norms by seeking stakeholder consent for significant board changes.
Source: BSE
