Powerica Limited has informed the Exchange regarding Appointment of M/s. DMKH & Co., Chartered Accountants as an Internal Auditor for FY 26-27 .
POWERICA · price
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Powerica Limited held its Board meeting on May 28, 2026, approving multiple items. The company appointed M/s. DMKH & Co., Chartered Accountants as Internal Auditor for FY 2026-27. For FY26, standalone revenue was Rs. 2,594 Crores (up 4% YoY) with PAT of Rs. 202 Crores (up 42% YoY), while consolidated revenue was Rs. 3,012 Crores (up 14% YoY) with PAT of Rs. 277 Crores (up 61% YoY). The Audit Committee was reconstituted with new members including Mr. Jai Ram Oberoi (Whole-time Director) and Mr. Rabindra Nath Nayak (Independent Director). The Board also approved incorporation of two new Wholly Owned Subsidiaries. The company recently completed its IPO in April 2026, raising Rs. 700 Crores via fresh issue and Rs. 400 Crores via offer for sale, getting listed on NSE and BSE.
Strong financial performance with near-doubling of PAT reflects operational efficiency post-IPO. Appointment of new internal auditor and audit committee reconstitution strengthen governance controls. New subsidiary formation signals expansion strategy. Overall positive for shareholders.