Power Americas Resource Group Ltd. announced that it has appointed Mr. Kumar Elumalai as the first independent member of its Board of Directors. Mr. Kumar Elumalai is a practicing Chartered Accountant and Fellow Member of the Institute of Chartered Accountants of India (ICAI) and founder of a Chartered Accountant Firm N Naresh and Co, Chennai, Tamil Nadu, India. Mr. Elumalai is also a veteran tax professional with over 25 years of professional services experience.

During this time, he has handled a wide range of assignments across direct tax, indirect tax matters as well as cross border transactions and has developed strong relationships with senior client stakeholders. He has extensively worked with large domestic companies and multinational entities in setting up or rationalizing business models and nationwide distribution structures. This includes cross border trade flows and setting up operations in India.

Mr. Elumalai will also be one of two Independent Directors who will officiate the Company's Audit Committee alongside current Company CFO & Chairman, Ramasamy Balasubramanian.