Schneider Electric Infrastructure Limited has informed the Exchange regarding Re-Appointment of Mr Udai Singh as Managing Director & CEO of the company w.e.f. September 15, 2026.
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The Board of Directors approved the re-appointment of Mr. Udai Singh as Managing Director and CEO for a 3-year term from September 15, 2026, subject to shareholder approval at the 16th AGM on September 10, 2026. Singh, an IIT (BHU) alumnus with 33+ years at L&T and Schneider Electric, currently heads the Electrical Systems Equipment business unit. The company also reported FY2026 audited results: total income of Rs 2,908.61 crore (up 9.3% YoY), but net profit declined 20.7% to Rs 212.56 crore due to a one-time exceptional charge of Rs 17.65 lakh related to new labour codes. EPS for the year stood at Rs 8.89 versus Rs 11.20 in FY2025. The Board also reappointed Shome & Banerjee as Cost Auditors and Vinay Awasthi as Internal Auditor for FY2026-27, and seeks shareholder approval for a related party transaction with Schneider Electric IT Business India Private Limited.
The re-appointment provides leadership continuity at Schneider Electric Infrastructure. However, the decline in net profit despite revenue growth, combined with exceptional items, may concern investors seeking higher returns.