Schneider Electric Infrastructure Limited has informed the Exchange regarding Change in Auditors of the company.
SCHNEIDER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Schneider Electric Infrastructure Limited held its Board meeting on May 28, 2026, approving several key matters. The company reported audited financial results for Q4 and FY2026 with revenue from operations of Rs 2,89,063 lakh, up from Rs 2,63,671 lakh in FY2025. However, net profit declined to Rs 21,256 lakh from Rs 26,789 lakh in the previous year. The Board re-appointed Mr. Udai Singh as Managing Director and CEO for 3 years starting September 15, 2026, subject to shareholder approval at the 16th AGM scheduled for September 10, 2026. Cost auditors M/s. Shome & Banerjee and Internal Auditor Mr. Vinay Awasthi were also re-appointed for FY2026-27. The Board also approved a postal ballot notice for material related party transactions with Schneider Electric IT Business India Private Limited. Note: The exchange headline mentions 'Change in Auditors' but the document shows only re-appointments of existing auditors with no actual change in statutory auditors (S.N. Dhawan & Co., LLP continues).
The decline in net profit despite higher revenue may raise concerns among investors, though the clean audit report with unmodified opinion is positive. The continuity of leadership through CEO re-appointment and stable auditor relationships suggests management stability.