Smarten Power Systems Limited has announced its audited financial results for the financial year ended March 31, 2026, showcasing robust performance across both standalone and consolidated operations. The board meeting held on April 28, 2026, approved comprehensive financial statements and made key appointments for the upcoming fiscal year.

Financial Performance Highlights

The company demonstrated strong financial performance with significant revenue growth across both standalone and consolidated operations. The consolidated results show total income reaching ₹24,430.06 lakhs for the full year, while standalone operations generated ₹23,082.45 lakhs in total income.

Board Meeting Outcomes

The board meeting commenced at 03:30 P.M. (IST) and concluded at 03:51 P.M. (IST) on April 28, 2026. Directors approved the audited financial results for both standalone and consolidated operations along with the independent auditor's report issued by M/s Mahesh Yadav & Associates.

Internal Auditor Appointment

The board appointed M/s Nitin Arora & Associates (FRN: 031892N) as the company's internal auditors for the financial year 2026-27. This appointment represents a strategic decision to enhance internal audit capabilities and ensure robust financial controls.

Balance Sheet Strength

The company's financial position reflects solid balance sheet fundamentals with total assets of ₹13,877.89 lakhs on consolidated basis and ₹13,427.58 lakhs on standalone basis. The equity base strengthened with share capital of ₹1,900.08 lakhs and substantial reserves.

Regulatory Compliance

The company submitted all required documentation under Regulation 33 of SEBI Listing Regulations, including signed copies of audited financial results, cash flow statements, and statement of assets and liabilities. The statutory auditor issued an unmodified audit report confirming the accuracy and compliance of financial statements. Company Secretary Vandita Tripathi signed the regulatory filing, ensuring full compliance with disclosure requirements.

Smarten Power Systems has been approved as an authorized distributor for Exide Technologies' energy storage and battery products across India, expanding its product portfolio in the power solutions sector.

Distribution Partnership Details

The approval enables Smarten Power Systems to distribute Exide Technologies' comprehensive range of energy storage and battery products across the Indian market. This partnership provides the company with access to established battery technology solutions that can serve various industrial and commercial applications.

Strategic Business Impact

The distribution agreement positions Smarten Power Systems to capitalize on the growing demand for energy storage solutions in India. By partnering with Exide Technologies, the company gains access to proven battery technologies and energy storage systems that complement its existing power solutions portfolio.

This development allows Smarten Power Systems to offer customers a broader range of energy storage options, potentially strengthening its competitive position in the Indian power systems market. The partnership with Exide Technologies provides the company with established products that have market recognition and technical reliability.

Market Expansion Opportunity

The authorization to distribute Exide Technologies' products represents a strategic move for Smarten Power Systems to expand its market reach in the energy storage segment. The partnership enables the company to serve diverse customer requirements across various sectors that utilize battery and energy storage solutions.

Through this distribution arrangement, Smarten Power Systems can leverage Exide Technologies' product development capabilities while focusing on market penetration and customer service in the Indian market.