Fujiyama Power Systems Limited signaled a strategic reset at its August 24, 2026 board meeting, signaling both governance recalibration and a bold push into its energy-storage lineup. The company announced an amendment to its Articles of Association to render Joint Managing Director(s) as rotational directors, a move designed to bring greater flexibility to board composition and align with governance norms under the Companies Act. By embedding Joint Managing Director(s) within the cadre of directors liable to retirement by rotation, the company underscored a governance model that blends executive leadership with board-level accountability.
In the executive roster, the board also approved the re-appointment of Sunil Kumar as director liable to retire by rotation. Sunil Kumar’s credentials include a Bachelor of Technology in Electrical Engineering from IIT Delhi and a career spanning more than 25 years in software engineering, with senior stints at prominent tech players such as Google LLC, Xilinx Inc., and Mentor Graphics. The nomination comes with the caveat that the re-appointment will be subject to the approval of shareholders at the ensuing Annual General Meeting. The announcement also notes a familial link to Yogesh Dua, the company’s Joint Managing Director & CEO, highlighting the intertwined leadership at the helm of Fujiyama Power Systems.
Beyond governance, the board greenlit a set of capacity expansions that position the company for deeper dominance in the energy-storage segment. At Ratlam, Madhya Pradesh, the company aims to add 1 GWh to its lithium-battery manufacturing capacity, in addition to the previously disclosed 2 GWh expansion, bringing the total toward 3.5 GWh following these developments. Financial closure for the incremental 1 GWh is earmarked at approximately ₹5 crore, to be financed through internal accruals, with commissioning expected by the second quarter of FY 2026-27. Separately, Fujiyama plans a 1 GWh tubular batteries facility at Hathras, Uttar Pradesh, with an estimated investment of about ₹20 crore and commissioning targeted for the third quarter of FY 2026-27. This facility is described as a replacement for the damaged 1.3 GWh tubular capacity at the Bawal facility following a fire in May 2026, signaling a rapid path to restore and expand tubular-battery output through internal financing.
Together, these moves reflect Fujiyama Power Systems’ dual focus on strengthening leadership governance and accelerating capacity expansions to support its growth trajectory in the energy-storage market, as the company positions itself to meet evolving demand across its Ratlam and Hathras facilities.