Salzer Electronics Limited has informed the Exchange about change in Management - Re-appointment of Cost Auditor for the year 2026-2027
SALZERELEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Salzer Electronics reported standalone revenue of Rs 1,71,519.37 Lakhs for FY26 (up 24% from Rs 1,38,292.59 Lakhs in FY25), though profit after tax declined 13.5% to Rs 5,383.21 Lakhs due to higher material costs and finance expenses. The Board recommended a dividend of Rs 2.50 per share (25%) for FY26, payable to shareholders on record date August 28, 2026, subject to AGM approval on September 12, 2026. The Board also re-appointed two Independent Directors (Mrs. Priya Bhansali and Mr. Sharat Chandra Bhargava) for second terms of five years effective August 7, 2026, and re-appointed Mr. A.R. Ramasubramania Raja as Cost Auditor for FY 2026-27. Two subsidiaries (Salzer Kostad EV Chargers and Salzer Emarch Electro-mobility) are undergoing voluntary strike-off, with no impact on the Group's going concern status.
The profit decline despite revenue growth signals margin pressure from input costs. The routine re-appointments of independent directors and cost auditor are standard governance procedures with no immediate shareholder impact.