Appointment of Internal Auditor of the Company for the FY 2026-27
POWERICA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Powerica Limited held its Board meeting on May 28, 2026, approving multiple items. The company appointed M/s DMKH & Co. as Internal Auditor for FY 2026-27. Audited standalone revenue grew to Rs. 2,594 Cr from Rs. 2,496 Cr, with PAT up 42% to Rs. 202 Cr. Consolidated revenue reached Rs. 3,012 Cr with PAT of Rs. 267 Cr, up 60% YoY. EPS (consolidated) improved to Rs. 24.40 from Rs. 14.93. The company recently completed its IPO in April 2026, raising Rs. 700 Cr at Rs. 395/share, and had previously issued bonus shares in 3:1 ratio. The Audit Committee was reconstituted with 5 members, and the board approved formation of 2 new Wholly Owned Subsidiaries.
Strong financial performance with profit growth of over 40% YoY reflects operational strength post-IPO. The appointment of a new internal auditor and subsidiary formation indicate governance focus and expansion plans. Recent IPO listing and bonus issuance have increased share capital significantly.