Outcome of the board meeting held on 22nd May 2026
S&SPOWER · price
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S&S Power Switchgear Limited held its Board Meeting on 22nd May 2026 where it approved the audited standalone and consolidated financial results for Q4 and full year ended 31st March 2026. On a consolidated basis, the company reported total revenue of Rs. 26,679.28 Lakhs for FY2026, a significant jump from Rs. 18,743.21 Lakhs in FY2025, representing approximately 42% revenue growth. The company turned profitable with profit before tax of Rs. 560.94 Lakhs compared to a loss of Rs. 469.45 Lakhs in the previous year. Total comprehensive income for owners improved to Rs. 1,343.50 Lakhs from a loss of Rs. 877.73 Lakhs. Statutory auditors CNK & Associates LLP issued unmodified audit opinions on both standalone and consolidated results. The board also appointed Mr. Martin Ansell as Additional Director (Non-Executive Independent) for a 5-year term effective 22nd May 2026, subject to shareholder approval.
The company showed strong turnaround with consolidated revenue growth exceeding 40% and return to profitability. The appointment of an experienced independent director with 40+ years in the energy sector strengthens board governance. Clean audit opinions without qualifications support financial reporting reliability.