Powerica Limited has informed the Exchange regarding Appointment of Mr. Rabindra Nath Nayak as Non- Executive Independent Director of the company w.e.f. April 21, 2026.
POWERICA · price
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Powerica Limited's board, at its April 21, 2026 meeting, approved unaudited financial results for Q3 and nine months ended December 31, 2025 — the company's first set of quarterly results since its IPO listing on April 2, 2026. Consolidated revenue from operations rose to Rs 762.93 crores in Q3 (vs Rs 704.22 crores a year ago) and Rs 2,210.37 crores for 9M FY26 (vs Rs 1,931.08 crores). Consolidated profit after tax jumped to Rs 97.65 crores in Q3 and Rs 232.20 crores for 9M FY26, boosted by a one-time deferred tax write-back of Rs 58.99 crores from opting into the new concessional tax regime. The board appointed former PGCIL Chairman & MD Mr. Rabindra Nath Nayak as a Non-Executive Independent Director for a 5-year term, and noted the resignation of Mr. Maheswar Sahu as Independent Director effective April 16, 2026, leading to a reconstitution of the Audit, Nomination & Remuneration, and CSR committees.
First post-listing results show healthy topline growth and a sharp PAT jump aided by a tax-regime change benefit; the board reshuffle is routine — replacing one independent director with a highly experienced ex-PGCIL chief, which should be seen as neutral to mildly positive for governance.