AGM/EGM24 Sept 2026, 09:56 pm
Powerica Ltd: AGM Approves Director Appointments and Auditor
AI Summary
Powerica Ltd announced that its 42nd Annual General Meeting (AGM) held on September 24, 2026, saw the approval of several key appointments and re-appointments. Mr. Maheswar Sahu was appointed as a Non-Executive Non-Independent Director. Ms. Renu Naresh Oberoi and Mr. Pradeep Omprakash Gupta were re-appointed as Whole-time Directors for three-year terms starting April 1, 2027. Mr. Udaya Shankar Jena and Mr. Sunil Godwin Lobo were re-appointed as Independent Directors for five-year terms starting June 24 and June 27, 2027, respectively. Additionally, M/s. Martinho Ferrao & Associates were appointed as Secretarial Auditors for a five-year term from FY 2026-27 to FY 2030-31.
Key Highlights
- AGM approved appointment of Mr. Maheswar Sahu as Non-Executive Non-Independent Director.
- Re-appointments of two Whole-time Directors approved for three-year terms.
- Two Independent Directors re-appointed for five-year terms.
- Secretarial Auditors appointed for a five-year term.
- All appointments and re-appointments were approved by the members at the AGM.
Price Impact
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