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This statement has been reviewed by the Audit Committee and recommended for approval to the Board and the Board approved at its meeting held on August 09, 2022. <BR> <BR> 2. On March 5, 2019, the Board of Directors of Company approved the Scheme of Arrangement amongst the Company and Hitachi Energy India Limited (HEIL) (formerly ABB Power Products and Systems India Limited) for Demerger of Company’s Power Grids business to HEIL (“Demerger”) and the Appointed date for the Demerger was April 1, 2019. The Demerger was approved by National Company Law Tribunal (‘NCLT’) and the NCLT approval was filed with the Registrar of Companies on December 1, 2019 (Effective date). <BR> Further, the income earned / expenses incurred relating to the above mentioned discontinued business is disclosed as part of discontinued operations. <BR> <BR> 3. During the quarter ended March 31, 2022, ABB India Limited (‘the Company”) sold its turbocharger business (which was part of Process Automation segment) to a wholly owned subsidiary Turbocharging Industries and Services India Private Limited, on a slump sale basis for a consideration of Rs. 310 Crores determined based on independent valuation. This was in line with ABB Group’s ongoing systematic portfolio restructuring to focus on higher growth segments. In this regard, a gain on sale of the business amounting to Rs. 293.35 Crores was recognised as income and is presented as an exceptional item in the standalone financial results for the previous quarter and year to date results. The aforesaid gain was eligible for a tax exemption from capital gains and such exemption will be withdrawn if the Company ceases or cease to hold the whole of the share capital of the subsidiary company at any time before the expiry of a period of eight years from the date of slump sale. Management based on the available facts determined that the conditions for availing the exemption was not probable to be met and therefore accrued a current tax charge of Rs. 68.96 Crores being capital gains tax on the gain on sale of the said business. <BR> 4. The Board of Directors of the Company at its meeting held on August 9, 2022, approved the sale of investment in equity shares of wholly owned subsidiary Turbocharging Industries and Services India Private Limited to Turbo Systems Switzerland Limited for a consideration of Rs. 355 Crores. This transaction is expected to be completed by September 30, 2022 upon execution of necessary agreements. <BR> <BR> <BR> 2022-01-012022-06-30UnauditedStandalone4020880000062580000040834600000220103000003532700000-5850000003206800000431000005101000008177600000368956000003939000000293350000068725000001768300000-67800000170050000005172000000-51500000-13000000-3850000005133500000112600000524610000000423800000224.4124.41-0.18-0.1824.2324.23000Subcontracting charges566700000Other expenses3984900000Subcontracting charges1136000000Other expenses7041600000796320000010004000000146200000349000000000008210000082100000968500000170630000011901600000130537000001290040000019539600000111731000007244400000361000005945100000568387000002661800000329230000075846500000008774810000042380000044172300000445961000004459610000000242900000242900000000024290000002499890000077242000003272310000063339000003423700000428400000042909100000004315200000087748100000Robotics & Discrete Automation481500000Motion8338800000Electrification8378000000Process Automation3704300000Others112300000Robotics & Discrete Automation1128200000Motion15496000000Electrification16987600000Process Automation7125200000Others22290000021014900000409599000004898000007511000002052510000040208800000Robotics & Discrete Automation60700000Motion738200000Electrification963400000Process Automation401800000Others0Robotics & Discrete Automation117800000Motion1692100000Electrification2143700000Process Automation756100000Others0216410000047097000002830000043100000176600000-220590000019592000006872500000Robotics & Discrete Automation1086600000Motion15786400000Electrification15475100000Process Automation12580800000Others0449289000004281920000087748100000Robotics & Discrete Automation840200000Motion13595500000Electrification10603000000Process Automation8002200000Others03304090000010111100000431520000000-2989600000-7826000000-2132000000066950000002578600000011203000000510100000000-7021000000-790000000039980000000-30005000001143000000-230330000045692000000-43100000-4488000001665100000024984000003100000000315000000000000018800000642500000000000000000000000390400000030010000002717700000000000000008650000011019000003440000000-12228000003993300000-16000003991700000718140000011173100000Remeasurement gains / (losses) on defined benefit plans-13400000-13400000Remeasurement gains / (losses) on defined benefit plans150500000150500000-340000037900000