Swelect Energy Systems Limited — Others, 30-05-2025: Change in Auditors

Swelect Energy Systems Limited has announced a board meeting outcome approving the audited financial results for the year ended March 31, 2025, with an unmodified auditor’s opinion. The board has proposed a final dividend of Rs. 3 per share, subject to shareholder approval. Leadership changes include the reappointment of Mr. A Balan as Whole Time Director and the appointment of Ms. Uma Prakash as Additional Independent Director. New Internal, Cost, and Secretarial Auditors were appointed for FY 2025-26. The company plans to alter its Articles of Association for operational alignment and stage its 30th AGM via video conferencing. Standalone results show total income of Rs. 482.77 Cr, expenses of Rs. 446.35 Cr, and net profit of Rs. 8.58 Cr. Consolidated total income was Rs. 668.61 Cr with profit after tax from continuing operations at Rs. 13.98 Cr. The sale of the remaining stake in subsidiary Amex Alloys Private Limited was completed. Solar energy segment performance improved, and the board confirmed strong financial controls and governance adherence.