Power Mech Projects Limited has informed the Exchange regarding Appointment of 1. Mr. Bontha Prasada Rao2. Mr. Rohit Sajja as Non- Executive Independent Director of the company w.e.f. August 08, 2025.
POWERMECH · price
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Power Mech Projects reported Q1 FY26 results with consolidated revenue rising to Rs. 1,293.41 crores from Rs. 1,007.39 crores a year ago (~28% growth), while consolidated profit after tax grew to Rs. 80.55 crores from Rs. 61.72 crores. Standalone revenue grew modestly to Rs. 905.27 crores, but standalone PAT dipped to Rs. 49.79 crores from Rs. 57.59 crores. The Board appointed Mr. Bontha Prasada Rao, former CMD of BHEL, as a Non-Executive Independent Director for 3 years. It also appointed Mr. Rohit Sajja, current President and son of Chairman & MD Kishore Babu Sajja, as a Whole-time Director for 5 years. Additionally, Kishore Babu Sajja was re-appointed as Managing Director for another 5 years effective April 1, 2026.
Strong consolidated growth signals improving group-level performance, but the standalone PAT dip may concern investors. The induction of a senior PSU veteran (ex-BHEL CMD) as Independent Director adds credibility, while the elevation of the CMD's son to the board reinforces promoter family control — a mixed signal for minority shareholders.