Schneider Electric Infrastructure Limited’s Board of Directors convened on August 14, 2026, to approve the unaudited financial results for the first quarter ended June 30, 2026. The board also sanctioned the resignation of the Internal Auditor, Mr. Vinay Kumar Awasthi, and appointed Mr. Devendra Kumar Sharma as the new Internal Auditor. Additionally, Mr. Soumya Bagchi was appointed as a Whole-Time Director and Ms. Nirupa Chander as a Non-Executive Non-Independent Director. A revised notice for the 16th Annual General Meeting (AGM) was also approved.
Board Meeting Highlights Key Decisions for Schneider Electric Infrastructure
At its meeting held on August 14, 2026, the Board of Directors of Schneider Electric Infrastructure Limited approved several significant corporate actions. Foremost among these was the sanctioning of the company’s unaudited financial results for the first quarter of the fiscal year, which concluded on June 30, 2026. Accompanying these results is an Independent Auditor’s Limited Review Report, which carried an unmodified opinion.
Leadership and Audit Changes
In a move related to the company’s internal audit function, the Board accepted the resignation of Mr. Vinay Kumar Awasthi as Internal Auditor, effective August 14, 2026, due to a role change within the Group. Subsequently, Mr. Devendra Kumar Sharma was appointed as the new Internal Auditor for the financial year 2026-27.
The Board also approved the appointment of Mr. Soumya Bagchi as a Whole-Time Director for a period of three years, subject to shareholder approval. Further strengthening the board, Ms. Nirupa Chander was appointed as a Non-Executive Non-Independent Director, also pending shareholder consent.
AGM Notice Revised
Furthermore, the Board approved a revised notice for the company’s 16th Annual General Meeting (AGM). Further details regarding this revised notice will be disseminated to the stock exchanges in due course.
Committee Recommendations
All the aforementioned matters received positive recommendations from the Audit Committee and the Nomination and Remuneration Committee, which held their respective meetings earlier on the same day.
Source: BSE
