Powerica Ltd

Powerica Limited has announced the incorporation of its wholly owned subsidiary, Whisperwind Renewable Private Limited (WRPL), on June 27, 2026. WRPL will focus on developing and constructing renewable power projects, including wind, solar, and hybrid projects. The company has subscribed to 100% of WRPL's paid-up share capital, amounting to ₹25,00,000, for 2,50,000 equity shares at ₹10 each. This move signifies Powerica's strategic expansion into the renewable energy sector.

Powerica Limited has announced the incorporation of its wholly owned subsidiary, Windfusion Renewable Private Limited (WRPL), on June 26, 2026. WRPL will focus on the development and construction of renewable power projects, including wind, solar, and hybrid projects. The company has subscribed to 100% of WRPL's paid-up share capital, amounting to INR 25,00,000, for 2,50,000 equity shares at a face value of INR 10 each. This move signifies Powerica's strategic expansion into the renewable energy sector.

Powerica Ltd has announced the closure of its trading window for designated persons and their immediate relatives, effective July 01, 2026. This closure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The trading window will reopen 48 hours after the conclusion of the Board of Directors' meeting, which will be held to consider the Unaudited Financial Results for the quarter ended June 30, 2026. The exact date of the board meeting will be communicated later. The company has also uploaded this information on its website.

Powerica Ltd has announced the closure of its trading window for designated persons and their immediate relatives, effective July 01, 2026. This closure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The trading window will reopen 48 hours after the conclusion of the Board of Directors' meeting, which will be held to consider the Unaudited Financial Results for the quarter ended June 30, 2026. The exact date of the board meeting will be communicated later. The company has also uploaded this information on its website.

Powerica Ltd announced that a TV interview with CNBC TV 18 took place on Monday, June 22, 2026, between 01:41 PM and 01:54 PM. The interview featured Mr. Pradeep Gupta, Whole-Time Director, and Mr. Ritesh Kumar Agrawal, Group CFO. A link to the interview has been provided for information and record purposes. This disclosure is made pursuant to Regulation 30 of the SEBI Listing Regulations.

Powerica Limited has responded to queries from BSE and NSE regarding a significant movement in its stock price. The company stated that all price-sensitive information has been disclosed as per SEBI Listing Regulations. Powerica Limited attributes the price movement solely to market conditions, asserting that the company has no control over or knowledge of the specific reasons for this fluctuation. They reaffirm their commitment to making all relevant disclosures in compliance with regulations.

Powerica Ltd has announced receiving a Demand Notice from the Maharashtra Industrial Development Corporation (MIDC) for the recovery of Goods and Services Tax (GST) for a past period. The notice pertains to the financial year 2026-27 and demands an amount of Rs. 5,67,694.87 along with interest. The company has stated that there is no material impact on its financials, operations, or other activities due to this notice. Powerica Ltd is currently evaluating its course of action in response to the demand.

Powerica Limited announced its audited consolidated financial results for Q4 FY26 and FY26. For FY26, revenue from operations reached ₹3,011.52 crore, a 13.5% YoY growth, with PAT increasing by 61.0% YoY to ₹277.31 crore. The EBITDA margin for FY26 was 12.8%, and PAT margin was 9.2%. The Generator Set segment contributed 83.1% of total revenues, growing 10.9% YoY, while the Wind Power segment contributed 16.9%, growing 28.6% YoY. For Q4 FY26, revenue grew 10.9% YoY to ₹801.15 crore, with PAT at ₹45.11 crore (20.4% YoY growth). Management noted geopolitical uncertainties and rising energy prices might impact near-term demand but expressed confidence in long-term growth driven by electrification, renewables, EV, and data center investments, targeting double-digit topline growth in FY27.

Powerica Limited's Board of Directors, at its meeting on May 28, 2026, approved the Audited Financial Results (Standalone and Consolidated) for the quarter and year ended March 31, 2026. The statutory auditors, Kapoor & Parekh Associates, issued an unmodified opinion on these results. Additionally, the Board approved the incorporation and investment in two new Wholly Owned Subsidiaries (WOS) under the Companies Act, 2013. Other key decisions included the appointment of M/s. DMKH & Co. as Internal Auditor for FY 2026-27 and the reconstitution of the Audit Committee, with Mr. Udaya Jena appointed as Chairman.

Powerica Limited's Board of Directors approved its Audited Financial Results (Standalone and Consolidated) for the quarter and year ended March 31, 2026, with an unmodified opinion from statutory auditors. The board also appointed M/s. DMKH & Co. as the internal auditor for FY 2026-27 and reconstituted the Audit Committee, with Mr. Udaya Jena as Chairman. Furthermore, the company approved the incorporation and investment in two new Wholly Owned Subsidiaries.