StockWatch
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Other Electrical Equipment
Auditor12 Aug 2026, 05:00 pm

Schneider Electric President Systems Appoints New Internal Auditor

AI Summary

Schneider Electric President Systems Limited announced the appointment of Mr. Devender Kumar Sharma as the new Internal Auditor for FY 2026-27, effective August 12, 2026. He replaces Mr. Vinay Kumar Awasthi, who resigned due to a role change within the Schneider Electric Group. The Board of Directors also approved the Unaudited Financial Results for the first quarter ended June 30, 2026, which were issued with an unmodified opinion by the Statutory Auditors. Additionally, material related party transactions were noted, subject to shareholder approval.

Key Highlights

  • Mr. Devender Kumar Sharma appointed as Internal Auditor for FY 2026-27.
  • Appointment effective August 12, 2026, replacing Mr. Vinay Kumar Awasthi.
  • Board approved Q1 FY26 Unaudited Financial Results.
  • Related party transactions approved, pending shareholder consent.