On February 16, 2026, SG Power Limited announced a significant strategic shift from the power sector to the technology sector, a decision approved by its Board of Directors during a meeting on the same day. The company is now preparing a detailed business plan to facilitate this transition, which includes proposals for a new name that reflects its new focus on technology. The board has also tasked management with appointing key personnel to ensure alignment with this new direction. As reported by TechJuice, this marks a 'major change in the company’s long-term direction,' indicating a bold move to adapt to evolving market demands. Additionally, Mr. Naim Anwar has been appointed as a Director and Chairman of the Board, replacing Mr. Salim Razak Tabbani, which suggests a restructuring at the leadership level to support this transition (Mettis Global News).