Oh, dear. Does the programming / scheduling still work ?
I notice the board fuse seems intact...
The exploding component (arrow on piccy, please?) may be the least of your problems ! You could have a compromised micro-controller and a zoo of potentially fried stuff, not to mention the possibility of zapped traces on the back of the board. And, if a multi-layer board, it gives a new meaning to 'deep fried'.
Best case, an interface chip has died. Bad news, THEY ARE NOT IN SOCKETS. The board is not 'field serviceable' at component level. You face a non-trivial extraction, a tricky replacement and a 'hurt' board that may die when most needed...
Sorry, my unhappy, expensive advice is to replace the entire control box *and* the responsible relay.
Due care, please ??