S&S Power Switchgears has secured a new contract worth more than ₹8 crores from Siemens Energy India Limited, marking a significant addition to its order book. The purchase order was awarded to S&S Power Switchgear’s wholly owned subsidiary, S&S Power Switchgear Equipment Limited (SSPSE), for the supply of isolators required for the KCC Wagdari package project in Maharashtra. This win reinforces the existing partnership between the two entities and is expected to contribute to revenue generation in the upcoming fiscal period.

The company disclosed the order pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The announcement was made on July 24, 2026, by Prince Thomas, Company Secretary & Compliance Officer of S&S Power Switchgear Limited.

Contract Details

The agreement is classified as a domestic order with no related-party transactions involved. The promoter group and group companies have confirmed no interest in the entity awarding the order. Below are the key terms of the contract:

Strategic Implications

The acquisition of this order highlights S&S Power Switchgear’s continued relevance in the power infrastructure sector, particularly in high-voltage switchgear components. The involvement of a major global player like Siemens Energy India Limited underscores the quality and reliability standards maintained by SSPSE. As deliveries are slated for the next financial year, the revenue recognition will impact future quarterly results, providing visibility into the company’s growth trajectory.

This contract adds to the company’s pipeline of projects, demonstrating its ability to secure substantial orders from key industry players. The focus on isolator supply aligns with the broader demand for robust power distribution equipment in India’s expanding energy infrastructure.

S&S Power Switchgear Ltd has published its postal ballot notice in the newspapers Trinity Mirror (English) and Makkal Kural (Tamil) on July 23, 2026, to seek shareholder approval for the appointment of Martin Ansell as an Independent Director. This procedural step ensures compliance with Regulation 30 and Regulation 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shareholders must act before August 21, 2026, to vote on the resolution, which carries significant governance implications as it involves appointing a new independent member to the Board with a five-year tenure.

The Board of Directors has proposed the appointment of Mr. Martin Ansell (DIN: 11730141) for a term commencing from May 22, 2026, and ending on May 21, 2031. The remuneration structure approved by the Board includes a payment not exceeding ₹2,00,000 per quarter, in addition to sitting fees and reimbursement of expenses. Notably, this remuneration may exceed 1% of the net profit computed under Section 198 of the Companies Act, 2013, necessitating explicit shareholder consent via a special resolution.

National Securities Depository Limited (NSDL) is facilitating remote e-voting for members who have registered their email addresses. The voting window opened on July 23, 2026, at 9:00 AM IST and will close on August 21, 2026, at 5:00 PM IST. BP & Associates, Practising Company Secretaries, has been appointed as the scrutinizer to oversee the fairness and transparency of the postal ballot process.

Shareholders holding shares in physical form are reminded to update their KYC details, including email addresses and bank details, using Form ISR-1 as mandated by SEBI. Those holding shares in demat mode should verify their contact information with their respective Depository Participants. The results of the postal ballot, along with the scrutinizer’s report, will be announced on or before August 25, 2026, and posted on the company’s website and stock exchange portals.