Quality Power Electrical Equipments Ltd has appointed Bathiya Advisors LLP as its internal auditor for a period of three years, effective from the quarter ending 30 June 2026. The appointment, made during a Board meeting on 30 June 2026, spans from Financial Year 2026-27 to Financial Year 2028-29 and is subject to yearly review. The Board stated that the new appointment aligns with the company's growing scale, operational complexity, and regulatory requirements as a listed entity, with safeguards in place to ensure the independence and effectiveness of the internal audit function.

The Board also approved the re-appointment of M/s. R.S. Kale & Co. as the cost auditor for Financial Year 2026-27. This re-appointment is subject to the ratification of their remuneration by the members at the ensuing Annual General Meeting. The decisions were taken based on the recommendations of the Audit Committee.

In addition to auditor appointments, the Board considered a draft Employee Stock Option Plan (ESOP). The Board granted in-principle approval to the proposed ESOP framework, subject to a detailed review of the scheme and related documentation. The Nomination and Remuneration Committee has been advised to undertake a comprehensive review of the proposed ESOP, examine its terms and conditions, and submit recommendations to the Board. The final scheme will require regulatory and shareholder approvals.

The meeting commenced at 4.30 p.m. and concluded at 4.55 p.m. IST. The disclosures regarding the appointments were made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the SEBI Master Circular dated 11 November 2024.

Auditor Details

Quality Power Electrical Equipments Limited has scheduled participation in two investor conferences in Mumbai on June 15 and June 16, 2026. The company's officials will engage with institutional investors through group and one-on-one meetings to discuss business performance and strategy. These interactions provide a platform for the management to present its outlook directly to the market participants.

The disclosures were made to the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Deepak Ramchandra Suryavanshi, Company Secretary and Compliance Officer, confirmed that no unpublished price sensitive information would be shared during these meetings. The company noted that the schedule remains subject to change based on exigencies.

Conference Schedule

The company has outlined the specific dates, venues, and interaction formats for the upcoming investor engagements.

The information regarding these conferences will also be available on the company's official website.