Powerica Limited Approves Q3 FY26 Results; Appoints Rabindra Nath Nayak as Additional Director

Powerica Limited Approves Q3 FY26 Results; Appoints Rabindra Nath Nayak as Additional Director​

Powerica Limited announced the outcomes of its Board of Directors meeting held on April 21, 2026. The board approved the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, along with the Limited Review Report of the Statutory Auditors. The board also approved the appointment of Mr. Rabindra Nath Nayak as an Additional Director and noted the resignation of Mr. Maheswar Sahu from the board.

Governance and Board Changes​

The Board of Directors noted the resignation of Mr. Maheswar Sahu as an Independent Director, effective April 16, 2026.

Following the resignation, the board reconstituted three key committees:

Audit Committee

• Mr. Udaya Jena: Chairman, Independent Director
• Mr. Sunil Lobo: Member, Independent Director
• Mr. Tapan Ray: Member, Independent Director
• Mr. Jai Ram Oberoi: Member, Whole-time Director

Nomination and Remuneration Committee

• Mr. Sunil Lobo: Chairman, Independent Director
• Mr. Udaya Jena: Member, Independent Director
• Ms. Sawmya Chaturvedi: Member, Independent Director

Corporate Social Responsibility Committee

• Mr. Bharat Naresh Oberoi: Chairman, Managing Director
• Mr. Jai Ram Oberoi: Member, Whole-time Director
• Mr. Sunil Lobo: Member, Independent Director

In other governance news, the board approved the appointment of Mr. Rabindra Nath Nayak (DIN: 02658070) as an Additional Director and Non-Executive Independent Director, effective April 21, 2026, for a term of five years. This appointment is subject to the approval of the shareholders, which will be sought through a Postal Ballot.

Mr. Rabindra Nath Nayak, who is not related to any current director, has extensive experience in the power sector. He previously served as the Chairman & Managing Director of Power Grid Corporation of India Limited (PGCIL). During his tenure, he led the company through a turnaround, more than doubling assets, revenue, and profit in over three years.

Financial Performance Review​

The unaudited consolidated financial results for the quarter and nine months ended December 31, 2025, were presented to the board, which approved the results. The accompanying report included a Limited Review Report from the Statutory Auditors.

The Unaudited Consolidated Financial Results for the Quarter and Nine Months Ended December 31, 2025, show the following key figures (in Rs. in Crores):


The board noted that the unaudited standalone and consolidated financial results have been prepared in accordance with Indian Accounting Standards (Ind AS 34) and are subject to a Limited Review Report from the Statutory Auditors.

The financial statements included segment reporting details, classifying revenue and results for the Generator Set Business and Wind Power segment. The company reported a total revenue of 762.93 Rs. crores for the quarter ended December 31, 2025.

POWERICA Stock Price Movement​

Today, Powerica Limited shares edged higher to close at ₹469.45, achieving a strong 2.49% gain for the day. The stock experienced solid trading volume of 635,248 shares and successfully hit its 52-week high of ₹476.35.