SWELECT Energy Systems Limited has informed the Exchange regarding Change in Auditors.
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 and approved the audited financial results for FY2026 (year ended March 31, 2026). Revenue from operations stood at Rs. 43,134.11 Lakhs compared to Rs. 48,277.13 Lakhs in FY2025, indicating a decline. Net profit for the year was Rs. 786.09 Lakhs. The Board recommended a final dividend of Rs. 3.50 per equity share (face value Rs. 10), payable on August 13, 2026, subject to shareholder approval. The company appointed M/s. S K Ram Associates as Internal Auditor and M/s. Ravichandran Bhagyalakshmi & Associates as Cost Auditor for FY2026-27. Statutory auditor Deloitte Haskins & Sells LLP issued an unmodified opinion on the financial results. Total assets grew to Rs. 146,611.95 Lakhs from Rs. 123,988.75 Lakhs. The 31st AGM is scheduled for July 31, 2026.
Revenue decline YoY may concern investors, though dividend declaration signals management confidence. The headline about 'Change in Auditors' is misleading as only internal and cost auditors were appointed; statutory auditor Deloitte continues. Increased borrowings (Rs. 43,727 Lakhs vs Rs. 30,735 Lakhs) warrant monitoring.