Updates

A PROMISE FOR POWER Date: August 07, 2026 To, To, Sr. General Manager Sr. General Manager Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G, Bandra Kurla Dalal Street, Mumbai -400 001 Complex, Bandra (E), Mumbai - 400 051 Scrip Code: 544744 Symbol: POWERICA Sub: Outcome of the Board Meeting held on August 07, 2026 Ref: Disclosures pursuant to Regulation 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') Dear Sir/ Madam, This is to inform you that the Board of Directors of Powerica Limited ("the Company") at its meeting held today, i.e. Friday, August 07, 2026, have inter-alia, considered and approved the following: 1. Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026 along with the Limited Review Report of the Statutory Auditors thereon, as recommended by the Audit Committee, is enclosed herewith as 'Annexure A'. 2. The statement of Deviation(s) or Variation(s), pursuant to Regulation 32 of the SEBI Listing Regulations, regarding the utilization of funds raised through Initial Public Offer ("IPO") for the quarter ended June 30, 2026, is enclosed herewith as 'Annexure B' 3. Based on the recommendation of Nomination & Remuneration Committee and subject to approval of the shareholders of the Company at the ensuing Annual General Meeting, the Board has approved the following: I. Re-appointment of Ms. Renu Naresh Oberoi (DIN: 00114588) as a Whole-time Director of the Company for a further term of 3 (three) consecutive years, with effect from April 1, 2027; II. Re-appointment of Mr. Pradeep Gupta (DIN: 00013424) as a Whole-time Director of the Company, for a further term of 3 (three) consecutive years, with effect from April 1, 2027; Ill. Re-appointment of Mr. Udaya Jena (DIN: 09613584) as an Independent Director of the Company, for a second term of 5 (five) consecutive years, with effect from June 24, 2027. POWERICA LIMITED Registered & Corporate Office: 9th Floor, Bakhtawar, Nariman Point, Mumbai-400021 CIN: L3 l IOOMH1984PLC032825 I Tel: 022 66562525 I Email: investorrelations@powericaltd.comIWeb:www.powericaltd.com A PROMISE FOR POWER Mr. Jena has confirmed that he meets the criteria of 'Independence' under Section 149 of the Companies Act, 2013 and Regulation 16 of the SEBI Listing Regulations. Further, he has also confirmed that he has not been debarred from holding the office of Director by virtue of any Order passed by the Securities and Exchange Board of India or any other such authority; IV. Re-appointment of Mr. Sunil Lobo (DIN: 06477020) as an Independent Director of the Company, for a second term of 5 (five) consecutive years, with effect from June 27, 2027. Mr. Lobo has confirmed that he meets the criteria of 'Independence' under Section 149 of the Companies Act, 2013 and Regulation 16 of the SEBI Listing Regulations. Further, he has also confirmed that he has not been debarred from holding the office of Director by virtue of any Order passed by the Securities and Exchange Board of India or any other such authority; V. Appointment of Mr. Maheswar Sahu (DIN: 00034051) as an Additional Director in the category Non-Executive, Non-Independent Director of the Company with effect from August 07, 2026. The details as required under Regulation 30 read with Schedule Ill of SEBI Listing Regulations read with SEBI Master Circular No. H0/49/14/14(7)2025-CFD-POD2/I/ 3762/2026 dated January 30, 2026 are enclosed herewith as 'Annexure C'. 4. Based on the recommendation of the Audit Committee and subject to approval of the shareholders of the Company at the ensuing Annual General Meeting, the Board has approved the appointment of M/s. Martinho Ferrao & Associates, Practicing Company Secretaries (Membership No. FCS 6221 I C.P. No. 5676), Mumbai, a Peer Reviewed Firm, as the Secretarial Auditors of the Company, for a term of 5 (five) consecutive years commencing from FY 2026-27 to FY 2030-31. The details as required under Regulation 30 read with Schedule Ill of SEBI Listing Regulations read with SEBI Master Circular No. H0/49/14/14(7)2025-CFD-POD2/I/ 3762/2026 dated January 30, 2026 is enclosed herewith as 'Annexure D'. 5. Based on the recommendation of the Audit Committee, the Board has approved the appointment of M/s. V.J. Talati & Co., Cost Accountants (FRN: R00213), as Cost Auditors of the Company for the Financial Year 2026-27. The details as required under Regulation 30 read with Part A of Schedule Ill of SEBI Listing Regulations read with SEBI Master Circular No. H0/49/14/14(7)2025-CFD-POD2/l/3762 /2026 dated January 30, 2026 is enclosed herewith as 'Annexure E'. 6. Incorporation and investment in two (2) Wholly Owned Subsidiaries ("WOS") of the Company under the provisions of the Companies Act, 2013 (the "Act"). The details as required under Regulation 30 read with Part A of Schedule Ill of SEBI Listing POWERICA LIMITED Registered & Corporate Office: 9th Floor, Bakhtawar, Nariman Point, Mwnbai-400021 CIN: L3l100MH1984PLC032825 I Tel: 022 66562525 I Email: investorrelations@powericaltd.comIWeb:www.powericaltd.com A PROMISE FOR POWER Regulations read with SEBI Master Circular No. H0/49/14/14(7)2025-CFD-POD2/l/3762 /2026 dated January 30, 2026 is enclosed herewith as 'Annexure F'. The Board meeting commenced at 04.43 p.m. and concluded at 06:07 p.m. The above information will also be available on the website of the Company at www.powericaltd.com You are requested to kindly take the same on record. For Powerica Limited Anita Renuse Company Secretary & Compliance Officer ACS:25102 POWERICA LIMITED Registered & Corporate Office: 9th Floor, Bakhtawar, Nariman Point, Mumbai-400021 CIN: L3 I !OOMHl 984PLC032825 I Tel: 022 66562525 I Email: investorrelations@powericaltd.com IW eb: www.powericaltd com AnnexureA KAPOOR & PAREKH ASSOCIATES CHARTERED ACCOUNTANTS Limited Review Report on unaudited standalone financial results of Powerica Limited for the quarter ended 30 June 2026 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To the Board of Directors of Powerica Limited 1. We have reviewed the accompanying Statement of unaudited standalone financial results of Powerica Limited (hereinafter referred to as "the Company") for the quarter ended 30 June 2026 ("the Statement"). 2. This Statement, which is the responsibility of the Company's management and approved by its Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). Our responsibility is to issue a report on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as stated in Paragraph [Showing first 8,000 characters — download PDF for full document]