Schneider Electric Infrastructure Announces Q1 Financial Results; Appoints New Director and Internal Auditor
Schneider Electric Infrastructure Limited has announced the unaudited financial results for its first quarter ending June 30, 2026, alongside key changes in its internal audit and board composition. The company also provided an update regarding the revised notice of its 16th Annual General Meeting (AGM).The Board of Directors held a meeting on August 14, 2026, where several significant decisions were approved, including the appointment of new leadership roles and the transition in internal auditing services.
Financial Performance Review
The unaudited financial results for the quarter ended June 30, 2026, have been reviewed by M/s S N Dhawan & CO LLP, Chartered Accountants, who issued a Limited Review Report with an unmodified opinion.The company's performance metrics for the respective periods are detailed below (figures are in Lakh):
| Particulars | Quarter ended June 30, 2026 (Unaudited) | March 31, 2026 (Audited) | June 30, 2025 (Unaudited) | March 31, 2026 (Audited) |
|---|---|---|---|---|
| Revenue from operations | 65,136 | 58,969 | 62,163 | 2,89,063 |
| Total Income (I) | 65,827 | 59,436 | 62,593 | 2,90,861 |
| Cost of materials consumed | 45,728 | 41,693 | 35,584 | 1,76,663 |
| Total Expenses (II) | 64,128 | 56,946 | 57,004 | 2,60,286 |
| Profit before tax | 1,699 | 3,531 | 5,589 | 29,158 |
| Net profit for the period | 1,244 | 2,197 | 4,124 | 21,256 |
The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors.
Organizational Appointments and Changes
During the meeting, the company made changes regarding its internal audit function and appointed new directors.Key operational updates include:
- Auditor Resignation: Mr. Vinay Kumar Awasthi resigned as an Internal Auditor due to a role change within the Group, effective August 14, 2026.
- Auditor Appointment: Mr. Devendra Kumar Sharma was appointed as an Internal Auditor for Financial Year (FY) 2026-27, effective August 14, 2026.
- Director Appointments: The Board approved the appointment of Mr. Soumya Bagchi as a Whole Time Director and Ms. Nirupa Chander as a Non Executive Non Independent Director. Both appointments are subject to shareholder approval at the upcoming 16th AGM.
A summary of the personnel changes is provided below:
| Personnel | Role Change/Appointment | Effective Date / Term Details |
|---|---|---|
| Mr. Vinay Kumar Awasthi | Resigned as Internal Auditor | Cessation effective August 14, 2026 |
| Mr. Devendra Kumar Sharma | Appointed as Internal Auditor | For FY 2026-27 (Board approved Aug 14, 2026) |
| Mr. Soumya Bagchi | Appointed as Whole Time Director | Term of three years from August 14, 2026 (Subject to AGM approval) |
| Ms. Nirupa Chander | Appointed as Non Executive Non Independent Director | Effective August 14, 2026 (Subject to AGM approval) |
Further details regarding the appointments and the internal audit function are available in the attached reports and company documents.
SCHNEIDER Stock Price Movement
On Friday, Schneider Electric Infrastructure Limited shares slipped by 0.65% to settle at ₹1369.2, following a day of downward pressure. The stock recorded a trading volume of 347,152 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.
Last edited by a moderator: