Powerica Ltd

Powerica Ltd has issued a clarification addressing recent unverified market rumours regarding the alleged declaration of a dividend. The company explicitly states that these rumours are baseless and factually incorrect. The Board of Directors, in its meeting held on August 7, 2026, did not consider, recommend, or declare any dividend. Powerica Limited reaffirmed its commitment to SEBI (LODR) Regulations, 2015, and assured that any material corporate actions will be officially communicated to the stock exchanges promptly. Investors are advised to rely on official company announcements.

Powerica Limited announced the re-appointment of Mr. Sunil Lobo as an Independent Director for a second term of five consecutive years, effective June 27, 2027. This decision was made during the Board of Directors meeting held on August 7, 2026. Mr. Lobo has confirmed his independence as per regulatory requirements and has not been debarred by any authority. The board also approved other agenda items including unaudited financial results, statement of deviation, re-appointment of other directors, appointment of additional director, and appointment of secretarial and cost auditors.

Powerica Limited announced the appointment of Mr. Maheswar Sahu as an Additional Director, serving as a Non-Executive, Non-Independent Director, effective August 07, 2026. This decision was made during the Board of Directors' meeting held on the same date. The meeting also covered the approval of Unaudited Financial Results for the quarter ended June 30, 2026, and the statement of deviation(s) for IPO fund utilization. Additionally, the Board approved re-appointments of several directors, including Ms. Renu Naresh Oberoi, Mr. Pradeep Gupta, Mr. Udaya Jena, and Mr. Sunil Lobo, subject to shareholder approval. The company also approved the appointment of new Secretarial and Cost Auditors and the incorporation of two wholly-owned subsidiaries.

Powerica Limited's Board of Directors, in a meeting held on August 7, 2026, approved the re-appointment of Mr. Pradeep Gupta as a Whole-time Director for a further term of three consecutive years, effective April 1, 2027. The board also approved the re-appointment of Ms. Renu Naresh Oberoi as Whole-time Director and Mr. Udaya Jena and Mr. Sunil Lobo as Independent Directors. Additionally, Mr. Maheswar Sahu was appointed as an Additional Director. The meeting also covered the approval of unaudited financial results for Q1 FY27, utilization of IPO funds, and the appointment of secretarial and cost auditors.

Powerica Limited's Board of Directors, in a meeting held on August 7, 2026, approved the re-appointment of Mr. Udaya Jena as an Independent Director for a second term of five years, effective June 24, 2027. The board also approved the re-appointment of Ms. Renu Naresh Oberoi and Mr. Pradeep Gupta as Whole-time Directors, and Mr. Sunil Lobo as an Independent Director. Additionally, the company approved the appointment of Mr. Maheswar Sahu as an Additional Director, and the appointment of new Secretarial and Cost Auditors. The meeting also reviewed unaudited financial results for the quarter ended June 30, 2026, and the statement of deviation regarding IPO fund utilization.

Powerica Limited's Board of Directors, in a meeting held on August 7, 2026, approved the re-appointment of Ms. Renu Oberoi as a Whole-time Director for a further term of three years, effective April 1, 2027. The board also approved the re-appointment of Mr. Pradeep Gupta as a Whole-time Director and Mr. Udaya Jena and Mr. Sunil Lobo as Independent Directors for extended terms. Additionally, Mr. Maheswar Sahu was appointed as an Additional Director. The company also approved the appointment of new Secretarial and Cost Auditors and the incorporation of two wholly-owned subsidiaries. Unaudited financial results for the quarter ended June 30, 2026, were also considered.

Powerica Limited's Board of Directors met on August 7, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026, along with the statement of deviation/variation in IPO fund utilization. Key decisions included the re-appointment of Ms. Renu Naresh Oberoi and Mr. Pradeep Gupta as Whole-time Directors, and Mr. Udaya Jena and Mr. Sunil Lobo as Independent Directors, all for extended terms starting April 2027. The board also approved the appointment of Mr. Maheswar Sahu as an Additional Director, M/s. Martinho Ferrao & Associates as Secretarial Auditors for five years, and M/s. V.J. Talati & Co. as Cost Auditors for FY 2026-27. Additionally, the incorporation and investment in two wholly-owned subsidiaries were approved.

Powerica Limited's Board of Directors convened on August 7, 2026, approving the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board also reviewed the statement of deviation(s) for IPO fund utilization. Key appointments and re-appointments were approved, including Ms. Renu Naresh Oberoi and Mr. Pradeep Gupta as Whole-time Directors, and Mr. Udaya Jena and Mr. Sunil Lobo as Independent Directors, all for extended terms. Mr. Maheswar Sahu was appointed as an Additional Director. The company also approved the appointment of M/s. Martinho Ferrao & Associates as Secretarial Auditors for five years and M/s. V.J. Talati & Co. as Cost Auditors for FY 2026-27. Furthermore, the incorporation and investment in two wholly-owned subsidiaries were approved.

Powerica's consolidated revenue grew 26.7% YoY to ₹780.11 Cr (Q1 FY26: ₹615.89 Cr) and consolidated PAT rose 27.4% YoY to ₹64.43 Cr (₹50.59 Cr), with profit growth essentially tracking revenue growth — a clean, in-line print with no exceptional items on either side. Sequentially revenue was down 2.6% versus Q4 FY26's ₹801.15 Cr, but PAT jumped 42.8% QoQ (from ₹45.11 Cr); this is a seasonality artifact, not fresh momentum — April-June is the peak wind-generation window in India, and QoQ strength should not be read as a run-rate. The margin story sits entirely in the Wind Power segment: segment profit swung to ₹36.87 Cr from a ₹5.84 Cr loss in Q4 FY26, and was up 47.2% YoY from ₹25.04 Cr, pushing group EBITDA margin to 13.58% versus Q4 FY26's 10.49%. Against the year-ago quarter, however, margins were roughly flat (OPM 13.58% vs 13.84%, NPM 8.26% vs 8.21%) — the core Generator Set segment grew revenue 26.6% YoY to ₹637.50 Cr but its segment profit rose only 4.2% YoY to ₹35.63 Cr, indicating cost pressure diluting the topline growth in that business even as the wind arm carried group profitability. There is no formal management guidance in our records and no analyst consensus was found ahead of this print — Powerica listed only in April 2026 and its Q1 FY27 earnings call is scheduled for August 10, 2026, after this filing, so street estimates were not yet published at print time; vsGuidance and vsStreet are both unknown rather than assumed. No press release accompanied the filing, so there is no management framing to cross-check against the numbers. On the corporate-action side, the quarter's order pipeline strengthened: Powerica signed a 25-year, 100 MW wind PPA with GUVNL at ₹3.44/kWh (Jul 31) and was awarded a further 100 MW SECI wind tender (Aug 6, just after quarter-close) — both feed the wind segment that just turned profitable this quarter. The company also disclosed a ₹3 Cr, 49% stake buy in Fuji-Kailash Energy and received an income-tax show-cause notice (Jul 15) with no quantified impact yet stated.

Powerica Limited has received a Letter of Award from Solar Energy Corporation of India Limited (SECI) for a 100 MW wind power project in Gujarat. The project involves the supply of power at a tariff of ₹3.85/kWh for 25 years. The project is expected to be commissioned within 24 months from the Power Purchase Agreement (PPA) execution. This award signifies a significant step for Powerica in the renewable energy sector, contributing to India's wind energy capacity.