S&S Power Switchgear Ltd

AGM Details

• AGM held 28 September 2026 at 3:00 PM IST via VC/OAVM.
• Meeting ended 3:38 PM IST.
• Record date: 21 August 2026.
• Total shareholders on record: 19,430.

Key Resolutions & Outcomes

• Ordinary resolution adopted: financial statements for year ended 31 March 2026; notes and reports.
• Ordinary resolution passed: reappointment of director Vikas Arora, retiring by rotation.
• Special resolution passed: remuneration to non-executive directors including independent directors.

Voting Results

• Resolution 1 passed; in favour 92,84,234; against 15.
• Resolution 2 passed; in favour 92,84,234; against 15.
• Resolution 3 passed; in favour 92,83,934; against 315.

AGM details

• AGM held on 28 September 2026 at 03:00 PM IST via VC/OAVM.
• Cut-off date for voting eligibility: 21 September 2026.
• Remote e-voting period: 25–27 September 2026.
• Meeting concluded at 03:38 PM, including time for e-voting.

Key resolutions

• Ordinary: adoption of Audited Standalone and Consolidated Financial Statements for year ended 31 March 2026.
• Ordinary: appointment of Mr. Vikas Arora as Director liable to retire by rotation.
• Special: approval of remuneration to non-executive and independent directors.

Voting results

• Voting results to be declared by 30 September 2026.
• Results to be uploaded on company and exchanges portals (and NSDL platform).

Auditors

• Statutory auditors attended; no appointment changes announced.

S&S Power Switchgear Ltd — Trading Window Closure from Oct 01, 2026 until 48 hours after the declaration of the unaudited standalone and consolidated financial results for the quarter and half year ending September 30, 2026

Resolutions and outcomes

• Special Resolution to appoint Martin Ansell as Independent Director approved by requisite majority.
• Role: Independent Director; term and experience details not disclosed in filing.
• Total votes polled: 9,413,919; in favour 9,406,879 (99.93%), against 7,040 (0.07%).
• Record date 17-07-2026; e-voting period 23 July 2026 to 21 August 2026.

Order details

• Hitachi Energy India Limited awarded SSPSE a PO to supply isolators for a Dilip Buildcon Karnataka package.
• Order value exceeds ₹8–₹10 crore.
• Awarding entity is domestic: Hitachi Energy India Limited.
• Nature: supply of isolators.
• Order awarded to SSPSE, a wholly owned subsidiary.
• Timeframe for execution: Mar'27 to Jun'27.
• Delivery schedules may start by end of current financial year.
• Promoter/related party interest: No.
• Significant win; potential uplift to order book and revenue visibility.

Order details

• Vedanta Aluminium Metal Limited awarded a domestic Pot Control System order to HART, installation/commissioning, partly this year.

Business Overview

• Boutique Indian MNC in Power and Automation with global operations.
• Core offerings include high-voltage disconnectors, protection and control panels.
• Restructured in Feb 2024 with new management; three subsidiaries anchor international footprint.
• Subsidiaries SSPSE (Chennai), Acrastyle (UK), HART (Kolkata) anchor global footprint.
• 3-year plan targets technology upgrades, portfolio expansion, and manufacturing modernization.

Operational Highlights

• Q1 FY27 revenue rose 18% year-on-year to 7,165 Lakhs.
• New orders for Q1 FY27 totaled 3,759.
• EBIDA stood at 220 Lakhs; EPS at -0.21 per share.
• Backlog remains robust with expected inflows in forthcoming quarter.
• FY27 marks the second year of a 3-year strategic plan.
• 3-year capex plan covers products, people, technology, and systems.
• Margins stable; automation delays compressed EBITDA.

Financial Performance

• Q1 FY27 revenue: 7,165 Lakhs; YoY growth 18%.
• Q1 FY27 EBIDA: 220 Lakhs; margins stable.
• Q1 FY27 EPS: -0.21 per share.
• Backlog level remains robust; new inflows expected in coming quarter.

Capital Structure & Liquidity

• Target debt-free status by Mar 2028; EBIDA target 12-15%.
• Aim to double 2025 revenue by 2028.

Strategic Priorities & Outlook

• Three-year plan emphasizes technology investment and expanded product portfolio.
• Capex emphasis on capacity expansion and modernized factories.
• SAP rollout planned to unify group-wide operations in FY27.
• Global footprint expansion includes Vietnam, Malaysia, Bangladesh, Africa; UK focus via Acrastyle.
• Zero-deviation policy on Quality, EHS, Compliance.
• IT and cybersecurity strengthening across all facilities.

Risks & Mitigation

• Execution delays in automation business affected EBITDA; mitigation via scale-up and capex.

Governance & Leadership

• Board comprises promoter chairman and independent directors.
• Management team refreshed in 2024; CEOs for SSPSE, Acrastyle, and HART named.