Powerica Ltd Board Approves Unaudited Financial Results

Powerica Limited's Board of Directors convened on August 7, 2026, approving the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board also reviewed the statement of deviation(s) for IPO fund utilization. Key appointments and re-appointments were approved, including 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. Mr. Maheswar Sahu was appointed as an Additional Director. The company also approved the appointment of 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. Furthermore, the incorporation and investment in two wholly-owned subsidiaries were approved.