Powerica Limited Board Approves Q1 FY27 Results, Re-appoints Directors
Powerica Limited reported its Q1 FY27 unaudited results. The Board approved 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. Mr. Maheswar Sahu was appointed as an Additional Director.
The re-appointment of key directors and approval of financial results are important for governance and operational continuity, impacting investor confidence and company stability.
The announcement details routine financial results and board appointments, with no significant positive or negative financial performance indicators or strategic shifts highlighted.
Powerica Limited announced the outcome of its Board Meeting held on August 07, 2026. The Board approved the unaudited financial results (standalone and consolidated) for the quarter ended June 30, 2026, along with the Limited Review Report. The statement of deviation(s) or variation(s) regarding the utilization of funds raised through the Initial Public Offer (IPO) for the quarter ended June 30, 2026, was also approved.
Furthermore, subject to shareholder approval at the ensuing Annual General Meeting (AGM), the Board approved the re-appointment of Ms. Renu Naresh Oberoi and Mr. Pradeep Gupta as Whole-time Directors for a further term of three years from April 1, 2027. Mr. Udaya Jena and Mr. Sunil Lobo were re-appointed as Independent Directors for a second term of five years, effective June 24, 2027, and June 27, 2027, respectively. Mr. Maheswar Sahu was appointed as an Additional Director (Non-Executive, Non-Independent) effective August 07, 2026.
The Board also approved the appointment of M/s. Martinho Ferrao & Associates as Secretarial Auditors for five years from FY 2026-27 to FY 2030-31, and M/s. V.J. Talati & Co. as Cost Auditors for FY 2026-27. The incorporation and investment in two Wholly Owned Subsidiaries (WOS) were also approved. The Board meeting commenced at 04:43 p.m. and concluded at 06:07 p.m.
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