The Board at its meeting held on May 28, 2026 approved re-appointment of Mr. Udai Singh as Managing Director & CEO, for a term of 3 years w.e.f. September 15, 2026 till September 14, 2029, ....
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The Board approved re-appointment of Mr. Udai Singh as Managing Director & CEO for 3 years effective September 15, 2026, subject to shareholder approval at the 16th AGM. For FY2026, total income stood at Rs 2,90,861 lakh (up ~9.3% YoY) while net profit was Rs 21,256 lakh (down ~20.6% YoY). The decline in net profit is partly attributed to new labour code implementation costs of Rs 1,417 lakh booked under exceptional items. The statutory auditors gave an unmodified opinion on the financial statements. The company also approved re-appointment of cost auditors and internal auditor, and will seek shareholder approval for a material related party transaction with Schneider Electric IT Business India Private Limited.
The re-appointment of the CEO provides continuity in leadership. The profit decline despite revenue growth, due to one-time regulatory costs, is a near-term headwind but the underlying business shows healthy topline expansion.