News ArticleSpectrum Electrical Industries Reports Q2 and H1 FY2026-27 Unaudited Financial Results and Subsidiary Board Appointment
Board approves financial results for period ended September 30, 2026, and appoints Mr. Narendra Daulatrao Wagh as director of Alric Electric Private Limited
Spectrum Electrical Industries Limited announced its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, alongside the appointment of Mr. Narendra Daulatrao Wagh as director on the board of its material subsidiary, Alric Electric Private Limited. The results have been reviewed by SHARP AARTH & CO LLP with no qualifications noted.
Spectrum Electrical Industries Limited
Financial Results
Spectrum Electrical Industries Limited approved its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The Board also sanctioned the appointment of Mr. Narendra Daulatrao Wagh as a director on the board of its material subsidiary, Alric Electric Private Limited.
The financial results for the quarter and half year ended September 30, 2026, were reviewed by the independent auditor SHARP AARTH & CO LLP, who issued limited review reports dated November 7, 2026, without any qualifications or comments.
The Board reviewed and approved the CRISIL Ratings monitoring agency report, confirming no deviations or variations in fund utilization from the preferential issue for the quarter ended September 30, 2026.
The appointment of Mr. Narendra Daulatrao Wagh as an independent director on the board of Alric Electric Private Limited complies with SEBI Listing Regulation 24(1) and is subject to approval by the subsidiary's board.
Other business matters were considered and approved with the Chairperson’s permission.
Highlights
- Unaudited standalone and consolidated financial results approved for Q2 and H1 FY2026-27.
- Limited review reports issued by SHARP AARTH & CO LLP on November 7, 2026, with no qualifications.
- No deviation in utilization of funds raised through preferential equity shares and warrants as per CRISIL Ratings report.
- Appointment of Mr. Narendra Daulatrao Wagh as independent director on Alric Electric Private Limited board is approved.
- Board meeting held on November 7, 2026, at the registered office in Jalgaon, Maharashtra.
Key Data Snapshot
What happened
- Spectrum Electrical Industries approved its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.
- The independent auditor SHARP AARTH & CO LLP issued limited review reports with no qualifications on the results.
- The CRISIL Ratings monitoring report confirmed no deviation in fund utilisation from the preferential issue.
- The Board appointed Mr. Narendra Daulatrao Wagh as independent director on the board of its material subsidiary, Alric Electric Private Limited.
- Other business items were reviewed and approved during the November 7, 2026 Board meeting.
Key details
- Board meeting took place on November 7, 2026, at the registered company office in Jalgaon, Maharashtra.
- The financial results cover quarter and half year ended September 30, 2026.
- Appointment of the independent director is subject to approval by the subsidiary's Board of Directors as per SEBI regulations.
- The company confirmed that the unaudited financial results will be published as per regulatory requirements and uploaded on the company website.
Regulatory and governance context
- The announcement complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 30 regarding disclosure of events.
- Appointment of the director follows SEBI Listing Regulation 24(1) for material subsidiaries and relevant SEBI circular dated July 13, 2023.
- CRISIL Ratings Limited functions as the monitoring agency for the preferential issue fund utilisation.
- Limited review conducted in accordance with Indian Accounting Standard (Ind AS 34) and Standards on Review Engagements (SRE) 2410.
Highlights
- Unaudited standalone and consolidated financial results approved for Q2 and H1 FY2026-27.
- Limited review reports issued by SHARP AARTH & CO LLP on November 7, 2026, with no qualifications.
- No deviation in utilization of funds raised through preferential equity shares and warrants as per CRISIL Ratings report.
- Appointment of Mr. Narendra Daulatrao Wagh as independent director on Alric Electric Private Limited board is approved.
- Board meeting held on November 7, 2026, at the registered office in Jalgaon, Maharashtra.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015
- Regulation 24(1) of SEBI Listing Obligations and Disclosure Requirements, 2015
- SEBI Circular dated July 13, 2023
- Indian Accounting Standard 34 (Ind AS 34)
- Standard on Review Engagements (SRE) 2410
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