Powerica Ltd Board Approves Financial Results and Director Re-appointments

Powerica Limited's Board of Directors met on August 7, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026, along with the statement of deviation/variation in IPO fund utilization. Key decisions included the re-appointment of Ms. Renu Naresh Oberoi and Mr. Pradeep Gupta as Whole-time Directors, and Mr. Udaya Jena and Mr. Sunil Lobo as Independent Directors, all for extended terms starting April 2027. The board also approved the appointment of Mr. Maheswar Sahu as an Additional Director, M/s. Martinho Ferrao & Associates as Secretarial Auditors for five years, and M/s. V.J. Talati & Co. as Cost Auditors for FY 2026-27. Additionally, the incorporation and investment in two wholly-owned subsidiaries were approved.