ABB India Limited at its annual general meeting held on May 8, 2019 approved a proposal to declare dividend of 240% that is INR 4.80 per share for the year ended December 31, 2018, on 211,908,375 equity shares of INR 2 each, be and is hereby declared and that such dividend be paid through HDFC Bank Limited and/or its constituent bank, or any other bankers of the Company, to those shareholders holding equity shares and who are on the Register of Members of the Company as on May 1, 2019, subject to deduction of tax at source, if any, under the provisions of Income-tax Act and Companies Act.