Swelect Energy Systems Limited — Others, 30-05-2025: Appointment

Swelect Energy Systems has announced a board meeting outcome approving audited financial results for the year, with a standalone net profit of Rs. 8.58 Cr and consolidated net profit of Rs. 13.98 Cr. A final dividend of Rs. 3 per share has been proposed. The board reappointed Mr. A Balan as Whole Time Director for five years and appointed Ms. Uma Prakash as an Independent Director, who will now chair key committees following Mr. G S Samuel’s term expiry. New auditors for FY2025-26 were appointed. Amendments to the Articles of Association were approved, and the company completed the sale of its stake in Amex Alloys, recording gains as exceptional items.