Powerica Limited has informed the Exchange about reconstitution of Audit Committee
POWERICA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Powerica Limited held a Board meeting on May 28, 2026 where several key decisions were approved. The Board approved audited standalone financial results showing revenue from operations of Rs. 2,594.09 crores and profit after tax of Rs. 201.63 crores for FY2026, compared to Rs. 2,495.81 crores and Rs. 141.68 crores respectively in FY2025. Consolidated revenue was Rs. 3,011.52 crores with PAT of Rs. 277.31 crores. The Audit Committee was reconstituted with 5 members - Mr. Udaya Jena as Chairman (Independent Director), Mr. Sunil Lobo, Mr. Tapan Ray, Mr. Jai Ram Oberoi (Whole-time Director), and Mr. Rabindra Nath Nayak as members. Additionally, M/s DMKH & Co. was appointed as Internal Auditor for FY 2026-27, and the Board approved incorporation of two Wholly Owned Subsidiaries. Statutory auditors Kapoor & Parekh Associates issued an unmodified opinion on the financial results.
Positive financial performance with ~42% increase in standalone PAT year-on-year. The reconstitution of the Audit Committee with majority independent directors strengthens governance. The company recently listed via IPO in April 2026, raising Rs. 700 crores.