Powerica Limited has scheduled its 42nd Annual General Meeting for September 24, 2026 at 11:30 AM (IST) via Video Conferencing, alongside the release of its FY 2025-26 annual report showing consolidated revenue crossing ₹3,000 crore for the first time.

AGM Details and E-Voting Schedule

The AGM will be conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM) in compliance with MCA circulars and SEBI Listing Regulations. Members holding shares as on the cut-off date of September 17, 2026 are eligible to cast votes electronically.

The e-voting facility is being provided through MUFG Intime India Private Limited (formerly Link Intime India Private Limited), the company's Registrar and Share Transfer Agent. Members who do not cast their vote during the remote e-voting period may do so during the AGM itself.

Key Businesses Before the AGM

The AGM agenda includes both ordinary and special business items. Key resolutions include:

• Adoption of audited standalone and consolidated financial statements for FY 2025-26
• Re-appointment of Mr. Jai Ram Oberoi as Director liable to retire by rotation
• Ratification of remuneration of ₹3,30,000 p.a. payable to Cost Auditors M/s. V.J. Talati & Co. for FY 2026-27
• Appointment of M/s. Martinho Ferrao & Associates as Secretarial Auditors for five consecutive years from FY 2026-27 to FY 2030-31 at a fee of ₹3,25,000 for FY 2026-27
• Appointment of Mr. Maheswar Sahu as Non-Executive Non-Independent Director
• Approval for payment of commission of ₹5,00,000 each to Independent Directors for FY 2025-26, and an additional ₹2,50,000 each to those who held office during FY 2025-26 in connection with the IPO
• Revision in remuneration of Mr. Tushar Gupta in subsidiary Powerica Renewable Infra Private Limited to ₹38,40,000 per annum
• Re-appointment of Ms. Renu Naresh Oberoi as Whole-time Director for three years effective April 1, 2027, at a basic salary of ₹18,30,125 per month
• Re-appointment of Mr. Pradeep Omprakash Gupta as Whole-time Director for three years effective April 1, 2027, at a basic salary of ₹20,13,138 per month
• Re-appointment of Mr. Udaya Shankar Jena as Independent Director for a second term of five years from June 24, 2027 to June 23, 2032
• Re-appointment of Mr. Sunil Godwin Lobo as Independent Director for a second term of five years from June 27, 2027 to June 26, 2032

FY 2025-26 Financial Performance

Powerica reported its strongest financial performance to date in FY 2025-26, with consolidated revenue crossing the ₹3,000 crore milestone for the first time.

The 61.05% increase in consolidated PAT was attributed in part to a deferred tax credit of ₹51.03 crore following the company's decision to transition to the concessional tax regime under Section 115BAA of the Income-tax Act, 1961.

Segmental Revenue Breakdown

The Generator Set Business remained the primary revenue contributor, accounting for 83.1% of total revenue in FY 2025-26.

The company operates 12 wind power projects in Gujarat with an installed IPP capacity of 330.85 MW, supported by long-term power purchase agreements with GUVNL and SECI.

IPO and Capital Structure

During FY 2025-26, Powerica completed an Initial Public Offering aggregating to ₹1,100 crore, comprising a fresh issue of 1,77,26,477 equity shares aggregating ₹700 crore and an offer for sale of 1,01,26,581 equity shares aggregating ₹400 crore at an issue price of ₹395 per share. The equity shares were listed on NSE and BSE on April 2, 2026. As of March 31, 2026, the net IPO proceeds of ₹661.51 crore remained unutilised, held in the escrow/public issue account. The paid-up equity share capital stood at 12,65,51,877 equity shares of ₹5 each aggregating ₹63.28 crore.

The Board declared an interim dividend of ₹2.75 per equity share for FY 2025-26, resulting in a total outflow of ₹29.93 crore. The company received CRISIL AA Stable and ICRA AA Stable ratings for long-term banking facilities and CRISIL A1+ for short-term banking facilities.

Powerica has scheduled its 42nd Annual General Meeting (AGM) for Thursday, September 24, 2026. The meeting will commence at 11:30 am through Video Conferencing or Other Audio-Visual Means, adhering to Ministry of Corporate Affairs circulars.

The company will dispatch the AGM notice and the Annual Report for FY26 electronically to members with registered email addresses. Shareholders without registered emails will receive a letter containing a web-link to access the report, in compliance with Regulation 36(1)(b) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Ms. Anita Renuse, Company Secretary and Compliance Officer, issued the intimation on August 24, 2026.