Powerica Limited held its 42nd Annual General Meeting on September 24, 2026, with all 12 resolutions passed by requisite majority, as confirmed by the consolidated scrutinizer's report.

The meeting was conducted via Video Conferencing and Other Audio-Visual Means, commencing at 11:30 am and concluding at 11:51 am. A total of 66 members attended, including 6 from the promoter and promoter group and 60 from the public. The record date for voting eligibility was September 17, 2026, with 23,413 total shareholders on that date. Remote e-voting ran from September 21, 2026 at 9:00 am to September 23, 2026 at 5:00 pm, with e-voting also available during the AGM. MUFG Intime India Private Limited served as the e-voting service provider. Martinho Ferrao of Martinho Ferrao & Associates (Membership No. 6221) acted as scrutinizer, appointed by the Board on August 7, 2026.

Key resolutions passed

The members transacted 12 items of ordinary and special business as outlined in the meeting notice. The following table summarises each resolution and its outcome.

Voting results summary

The table below presents the consolidated voting outcome for each resolution, combining remote e-voting and e-voting during the AGM.

Notable voting disclosures

For Resolution 9 on the re-appointment of Renu Naresh Oberoi as Whole-time Director, the promoter and promoter group did not participate in voting as the resolution involved an interested party. The vote cast by Warmond Fiduciary Services Limited, holding 14,194,656 shares, was treated as invalid and excluded from the results. Six shareholders holding 83,154,464 shares in aggregate abstained from voting on this item.

For Resolutions 8 and 10, votes cast by two related shareholders, Soumya Pradeep Gupta (74 shares) and Richa Pradeep Gupta (658 shares), aggregating to 732 shares, were treated as invalid and excluded from the respective voting results. The scrutinizer confirmed that all 12 resolutions were duly approved with requisite majority under Section 108 of the Companies Act, 2013, read with Rule 20 of the Companies (Management and Administration) Rules, 2014 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Governance and attendance

The proceedings were presided over by Chairman and Managing Director Bharat Oberoi, with Company Secretary Anita Praful Renuse managing the formalities. Statutory auditors Kapoor & Parekh Associates, secretarial auditors Martinho Ferrao & Associates, cost auditors V.J. Talati & Co., and internal auditors DMKH & Co. were present. The Board highlighted the continued participation of key managerial personnel, including Group Chief Financial Officer Ritesh Kumar Agrawal and several independent directors who chaired various committees such as the Audit Committee and Stakeholders Relationship Committee. The absence of qualifications or adverse remarks in the statutory audit reports was noted.

Director appointments and terms

The AGM approved specific tenures and roles for key directors. Maheswar Sahu was appointed as Non-Executive Non-Independent Director with effect from September 24, 2026. He is a retired IAS officer with over 33 years of experience in government administration.

Renu Naresh Oberoi and Pradeep Omprakash Gupta were re-appointed as Whole-time Directors for a further term of 3 consecutive years, effective April 1, 2027. Both are part of the promoter group or have long-standing associations with the company's wind power operations and corporate strategy.

Udaya Shankar Jena and Sunil Godwin Lobo were re-appointed as Independent Directors for a second term of 5 consecutive years, effective June 24, 2027 and June 27, 2027 respectively. Both confirmed they meet the independence criteria under Section 149 of the Companies Act, 2013 and Regulation 16 of the SEBI Listing Regulations.

Secretarial auditor appointment

Martinho Ferrao & Associates was appointed as the Secretarial Auditor for a term of 5 consecutive years, commencing from FY27 up to FY31. The firm, led by Practicing Company Secretary Martinho Ferrao (Membership No. FCS 6221), has over two decades of experience in corporate governance and compliance audits.

Powerica Limited will host a group meeting with institutional investors and analysts on September 29, 2026. The interaction is scheduled to begin at 11:00 am IST and will be held physically at the company's plant in Bengaluru.

The event is organized in compliance with Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that all discussions during the session will be based strictly on publicly available information.

Meeting details

Disclosure guidelines

The company confirmed that no unpublished price sensitive information (UPSI) is intended to be discussed during the interactions. Participants are advised that changes to the schedule may occur due to exigencies on the part of the participants or the company.

The intimation was signed by Anita Praful Renuse, Company Secretary & Compliance Officer, on September 22, 2026.