He shall be relieved from the services of the company with effect from the closure of business hours on 30 June 2023.

The company said that it is in the process of identifying a suitable replacement and shall inform the stock exchanges in due course.

Schneider Electric Infrastructure is a leading the digital transformation of energy management and automation for its customers. The company makes it possible for IoT (Internet of Things) - enabled solutions to seamlessly connect, collect, analyse and act on data from its equipment/assets in real-time, delivering enhanced safety, efficiency, reliability, and sustainability.

Schneider Electric Infrastructure reported net profit of Rs 44.84 crore in Q4 March 2023, steeply higher than Rs 0.07 crore in Q4 March 2022. Net sales rose 20.73% to Rs 410.51 crore in Q4 March 2023 over Q4 March 2022.

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