Powerica Limited has informed the Exchange regarding Resignation of Mr Maheswar Sahu as an Independent Director of the company w.e.f. April 16, 2026.
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Powerica Limited has informed the stock exchanges that Mr. Maheswar Sahu (DIN: 00034051) has resigned as an Independent Director of the company with immediate effect from April 16, 2026. The reason cited is urgent family commitments, and he has confirmed that there are no other material reasons behind his resignation. As a result, he will also cease to be a Chairman or member of the Board Committees he currently serves on. Mr. Sahu holds directorships in several other listed companies, including Ambuja Cements Limited and Maruti Suzuki India Limited.
This is a single Independent Director resignation driven by personal reasons and does not indicate any governance concerns. The company will need to appoint a new Independent Director within the regulatory timeline. Minimal direct impact is expected on the stock price, though shareholders may watch for the timely filling of the vacancy.