Powerica Ltd Appoints Maheswar Sahu as Additional Director

Powerica Limited announced the appointment of Mr. Maheswar Sahu as an Additional Director, serving as a Non-Executive, Non-Independent Director, effective August 07, 2026. This decision was made during the Board of Directors' meeting held on the same date. The meeting also covered the approval of Unaudited Financial Results for the quarter ended June 30, 2026, and the statement of deviation(s) for IPO fund utilization. Additionally, the Board approved re-appointments of several directors, including Ms. Renu Naresh Oberoi, Mr. Pradeep Gupta, Mr. Udaya Jena, and Mr. Sunil Lobo, subject to shareholder approval. The company also approved the appointment of new Secretarial and Cost Auditors and the incorporation of two wholly-owned subsidiaries.