Homre pulls in NTPC veteran to run its biomass bet
Homre Ltd is turning to a 42-year NTPC veteran to steer its pivot from trading to biomass pellet manufacturing. Surendra Pal Sharma takes over as executive director from June 15.
— 1 earlier story on Homre Ltd. →What's new
- Appointed Surendra Pal Sharma as Executive Director for one year from June 15, 2026.
- Sharma spent 42+ years at NTPC, retiring as Additional General Manager.
- He will oversee the company's pivot from trading to biomass pellet manufacturing.
Why this matters
For a nano-cap with a market cap of just ₹45 cr, hiring a director with NTPC-calibre credentials signals seriousness about its renewable energy pivot. Sharma's engineering and project execution background directly supports the new biomass plants. It doesn't fix profitability overnight, but it addresses a credibility gap that often hampers small-cap turnarounds.
What we're watching
- Shareholder approval for the appointment (pending).
- Execution of the planned Morena biomass plant.
- Whether the company can return to profit after a Q4 FY26 loss.
The full read
Homre is betting that a 42-year NTPC veteran can give its biomass pivot the heft it needs. Surendra Pal Sharma, who retired as Additional General Manager at NTPC, joins as Executive Director from June 15, 2026, for a one-year term. His brief: oversee the company's shift from trading into manufacturing biomass pellets and briquettes—a new plant in Madhya Pradesh is already planned. For a nano-cap with a market cap of just ₹45 cr and a recent quarterly loss of ₹1 cr, a director with IIT Roorkee and NTPC credentials is a serious upgrade. The move doesn't change the numbers today, but it signals that management is serious about building operational depth in renewables. The open question: whether the business can match the credibility of the hire.
Questions answered
- Why did Homre appoint a new executive director?
- Homre is pivoting from trading to biomass pellet manufacturing. Sharma's 42 years at NTPC in engineering and renewables brings the operational expertise needed to execute this shift.
- What is Sharma's background?
- He holds a mechanical engineering degree from IIT Roorkee and an MBA in HR. He spent 42+ years at NTPC, retiring as Additional General Manager, with extensive experience in engineering and renewable projects.
- How long is his term?
- One year starting June 15, 2026, subject to shareholder approval.
- What is Homre's current financial condition?
- Market cap is ₹45 cr. In the latest quarter (Mar 2026), sales were ₹6 cr with a net loss of ₹1 cr. However, FY26 standalone profit before tax jumped 14x to ₹119 lakhs.
- Is this appointment significant for a small company?
- For a nano-cap, it adds credibility to the biomass pivot. But it's more a signal of commitment than a transformational event.
Homre Ltd.
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All notes on TRITON →- 15 Jun 2026 · 5:38 PM IST Homre pulls in NTPC veteran to run its biomass bet
- 47d ago Homre Ltd standalone profit jumps 14x to ₹119 lakhs in FY26