Board Meeting29 May 2026, 12:23 am
Schneider Electric Board Approves FY26 Results, Re-appoints MD & CEO
AI Summary
Schneider Electric Infrastructure Limited's Board of Directors met on May 28, 2026, to approve the audited financial results for the fourth quarter and financial year ended March 31, 2026, with an unmodified auditor's opinion. The Board also approved the re-appointment of Mr. Udai Singh as Managing Director and CEO for three years, effective September 15, 2026, subject to shareholder approval. Additionally, M/s. Shome & Banerjee were re-appointed as Cost Auditors and Mr. Vinay Awasthi as Internal Auditor for FY 2026-27. The company will also convene its 16th AGM on September 10, 2026, and seek shareholder approval for material related party transactions via postal ballot.
Key Highlights
- Board approved audited Q4 and FY26 financial results with unmodified opinion.
- Mr. Udai Singh re-appointed as MD & CEO for three years, effective Sep 15, 2026.
- Cost Auditors M/s. Shome & Banerjee and Internal Auditor Mr. Vinay Awasthi re-appointed for FY27.
- 16th AGM scheduled for September 10, 2026, via VC/OAVM.
- Shareholder approval to be sought for material related party transactions via postal ballot.
Price Impact
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