Powerica Limited has secured shareholder approval to appoint Mr. Rabindra Nath Nayak as an Independent Director following a postal ballot process that concluded on June 10, 2026. The resolution received overwhelming support, with 99.9995% of valid votes cast in favour, reinforcing the company's governance structure.

The postal ballot was conducted via remote e-voting under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The voting period commenced on May 12, 2026, and concluded on June 10, 2026. A total of 206 members participated out of 14,440 members on the record date of May 8, 2026.

Voting Results

The Scrutinizer's Report confirmed that the special resolution was passed with the requisite majority. The detailed voting pattern indicates strong backing across promoter and public shareholder categories.

Procedural Compliance

The appointment was scrutinized by Martinho Ferrao of Martinho Ferrao & Associates, Company Secretaries. The process complied with Section 108 and 110 of the Companies Act, 2013, and the relevant rules issued by the Ministry of Corporate Affairs. The company utilized National Securities Depository Limited (NSDL) as the electronic voting service provider.

The results of the postal ballot have been uploaded to the company's website and the NSDL e-voting portal. The resolution is deemed to be passed as of June 10, 2026.

Powerica Limited will host a group meeting for analysts and institutional investors on June 15, 2026, in Mumbai. The company stated that the interaction will rely solely on publicly available information and no unpublished price sensitive information (UPSI) will be discussed during the session.

The meeting is scheduled to commence at 4:00 pm and will be held in-person. This initiative is pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015.

The following table outlines the key details of the scheduled meeting:

Anita Renuse, Company Secretary & Compliance Officer of Powerica Limited , signed the intimation regarding the schedule. The company noted that changes to the schedule may occur due to exigencies on the part of the participants or the company. The information will also be available on Powerica Limited's official website.