S&S Power Switchgears Limited has announced a significant development for its wholly-owned subsidiary, Hamilton Research & Technology Private Limited (HART). The company has secured a Letter of Intent (LOI) from Giza Systems Free Zone, Egypt, for the supply of a state-of-the-art Pot Control System and associated technology for Aluminium Smelter operations.

Contract Details

Significance of the Contract

This international contract marks a notable achievement for HART, representing one of the largest international orders awarded to the company. The project involves supplying advanced technology for Aluminium Smelter operations, showcasing HART's capabilities in the global market.

Implementation and Timeline

The implementation of the project is set to begin within the current financial year. With a targeted completion period of 36 months, this contract signifies a long-term engagement that could potentially boost the company's revenue stream over the next three years.

Regulatory Compliance

In compliance with SEBI regulations, S&S Power Switchgear Limited has disclosed that this contract does not involve any related party transactions. Additionally, the company has confirmed that neither the promoter nor the promoter group has any interest in Giza Systems Free Zone, the entity awarding the contract.

This new contract could potentially strengthen S&S Power Switchgear's position in the international market, particularly in the field of aluminium smelter technology. As the project unfolds, investors and market watchers may keep an eye on the company's execution capabilities and the impact of this significant order on its financial performance in the coming years.

S&S Power Switchgears , a prominent player in the power sector, has made several key announcements following its recent board meeting held on August 12, 2025. The company's Board of Directors convened to discuss and approve various important matters, signaling significant developments for the organization.

Financial Results Approval

The board has approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2025. These results, along with the Limited Review Report by the auditors, have been submitted to the stock exchanges as part of the company's regulatory compliance.

New Auditor Appointments

In a move to strengthen its corporate governance framework, S&S Power Ltd has made two significant auditor appointments:

1. Secretarial Auditor: The board has approved the appointment of BP & Associates, Practicing Company Secretaries, as the company's Secretarial Auditors. This appointment is for a period of five consecutive years, starting from FY 2025-26 to FY 2029-30, subject to shareholder approval at the upcoming 47th Annual General Meeting.

2. Internal Auditor: M/s. Durv & Associates LLP, Chartered Accountants, has been appointed as the internal auditor for the financial year 2025-26.

Profiles of New Auditors

BP & Associates

• Role: Secretarial Auditor
• Firm Registration No.: 5382
• Peer Review No.: 7014/2025
• Experience: Over a decade of providing professional services
• Expertise: Corporate Law, Capital Markets & Securities Laws, Foreign Investment & Exchange Control, NBFC Advisory, Intellectual Property Rights, Mergers & Acquisitions, Corporate Legal Compliance, Audit & Assurance, Due Diligence, Business Startup, Corporate Litigation, and Regulatory Approvals

Durv & Associates LLP

• Role: Internal Auditor
• Expertise: Advisory, assurance, taxation, and regulatory services
• Description: A firm of Chartered Accountants with a team of professionals possessing rich experience in various fields

Director's Tenure Completion

The board also noted the completion of the tenure of Mr. Ajay Kumar Dhagat (DIN: 00250792) as an independent director. His term will conclude at the close of business hours on August 13, 2025.

Additional Details

• The board meeting commenced at 09:30 AM and concluded at 04:45 PM on August 12, 2025.
• The company's BSE Scrip Code is 517273, and its NSE Symbol is S&SPOWER.
• Prince Thomas, Company Secretary & Compliance Officer (M. No. F11841), signed the official communication to the stock exchanges.

These developments reflect S&S Power Ltd's commitment to maintaining robust corporate governance practices and ensuring transparency in its operations.