Servotech Renewable Power System Limited has informed the Exchange regarding a press release dated March 31, 2026, titled "Servotech Renewable Power System Ltd. Appoints Prem Prakash as Chief Operating Officer".
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Servotech Renewable Power System Ltd. has appointed Prem Prakash as its new Chief Operating Officer, effective April 1, 2026. Prem Prakash is an external hire, bringing over 25 years of cross-industry leadership experience spanning EV infrastructure, green technology, FMCG, consumer durables, media, e-commerce, and fintech. He has previously held senior roles at companies such as Dish TV, Nerolac Paints, Bharatmatrimony, Ramco Group, IMC Business Global Europe, and Capitalvia Global Research. In his new role, he will lead Servotech's operational strategy, execution efficiency, and help scale the business across domestic and global clean energy and EV charging markets. The company describes the move as part of its effort to strengthen senior leadership amid expansion in renewable energy and EV charging solutions.
The appointment of a seasoned external COO signals Servotech's focus on scaling operations and accelerating growth in the EV charging and renewable energy segments. For shareholders, this is a positive governance and execution signal, suggesting the company is investing in professional leadership to support its expansion plans, though the actual impact will depend on delivery against stated growth targets.