Outcome of the Board Meeting held on 21st May, 2026
SWELECTES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Swelect Energy Systems Limited held its Board meeting on 21st May 2026 to approve the audited standalone and consolidated financial results for FY2025-26. The company reported standalone revenue from operations of Rs 37,613.21 Lakhs, down from Rs 41,154.26 Lakhs in the previous year, representing an 8.6% revenue decline. Net profit for the year stood at Rs 2,952.58 Lakhs compared to Rs 3,642.09 Lakhs in the prior year. The board recommended a final dividend of Rs 3.50 per equity share of face value Rs 10. An exceptional item of Rs 190.88 Lakhs was recorded due to increased gratuity liability from new Labour Codes. Deloitte Haskins & Sells LLP issued an unmodified (clean) audit opinion. New internal auditor M/s S K Ram Associates and cost auditor M/s Ravichandran Bhagyalakshmi & Associates were appointed for FY2026-27. The 31st AGM is scheduled for 31st July 2026.
Revenue and profit declined year-on-year, though the company maintains a clean audit with no qualifications. The dividend payout signals continued shareholder returns despite lower profitability. Shareholders should note the exceptional labour code adjustment impact on profits.