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 · price

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Price reactionminutes from the announcement price · days from the prior close

+3.6%Reaction day

₹428.50

prior close

₹431.80

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+1.2%+2.4% vs market

Heavy Electrical Equipment peers, median of 33sector+1.9%+1.7% vs sector

On the reaction day the stock moved 2.4 pts more than Nifty Microcap 250 and 1.7 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

+1.2

30m

+4.0

Sessions after the filingfrom the prior close

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Reaction day

+3.6+1.2+2.4+1.9+1.7

Next day

+6.1+0.6+5.5+3.7+2.4

+9.0+1.7+7.3+4.7+4.2

+6.2+3.0+3.2+7.2-1.0

+5.6+2.8+2.8+8.0-2.4

+5.2+1.3+3.9+5.7-0.5

+13.2+3.6+9.6+9.9+3.3

15d

+16.8+6.4+10.4+4.6+12.2

+25.8+2.3+23.5-1.5+27.3

+24.6+11.4+13.2+7.4+17.2

+33.3+12.6+20.7+2.3+31.0

UpDownMarket · Nifty Microcap 250Sector · Heavy Electrical Equipment peers, median of 33Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

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.

Likely market impact

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.