Change in Management

Date: September 24, 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: Disclosures pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') Dear Sir/ Madam, Further to our letter dated August 07, 2026, this is to inform you that the Members of the Company at the 42nd Annual General Meeting held today, i.e. September 24, 2026, approved the following appointments and re-appointments: 1. Appointment of Mr. Maheswar Sahu (DIN: 00034051) as Non-Executive Non- Independent Director of the Company; 2. Re-appointment of Ms. Renu Naresh Oberoi (DIN: 00114588) as Whole-time Director of the Company, for a further term of 3 (three) consecutive years, with effect from April 1, 2027; 3. Re-appointment of Mr. Pradeep Omprakash Gupta (DIN: 00013424) as Whole-time Director of the Company, for a further term of 3 (three) consecutive years, with effect from April 1, 2027; 4. Re-appointment of Mr. Udaya Shankar 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. 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; POWERICA LIMITED Registered & Corporate Office: 9th Floor, Bakhtawar, Nariman Point, Mumbai - 400021 CIN: L 31100MH1984PLC032825 | Tel: 022 66562525 | Email: investorrelations@powericaltd.com | Web: www.powericaltd.com 5. Re-appointment of Mr. Sunil Godwin 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; The details as required under Regulation 30 read with Schedule III of SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are enclosed herewith as 'Annexure I'; 6. Appointment of M/s. Martinho Ferrao & Associates, Practicing Company Secretaries as the Secretarial Auditors of the Company, for a term of 5 (five) consecutive years commencing from FY 2026-27 up to FY 2030-31. The details as required under Regulation 30 read with Schedule III of SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are enclosed herewith as 'Annexure II'. 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 Place: Mumbai Annexure I Disclosure required pursuant to Regulation 30 read with Schedule III of the SEBI Listing Regulations read with the SEBI Master Circular HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026: 1. Appointment of Mr. Maheswar Sahu: 1. Name of the Director Mr. Maheswar Sahu (DIN: 00034051) 2. Reason for change viz. Appointment appointment, reappointment resignation, removal, death or otherwise 3. Date of appointment/ cessation Appointment of Mr. Maheswar Sahu as Non- and Term of appointment/ re- Executive Non-Independent Director of the appointment Company with effect from September 24, 2026. 4. Brief Profile (in case of Mr. Maheswar Sahu holds a Bachelor of appointment) Science in Electrical Engineering from the Regional Engineering College, Rourkela, and a Master’s degree in Social Science (Development Administration) from the University of Birmingham, U.K. A 1980-batch Indian Administrative Service (IAS) Officer, he brings over 33 years of extensive experience with the Government of India and Gujarat, retiring as the Additional Chief Secretary of the Industries and Mines Department. Mr. Sahu currently serves on the boards of several entities, including listed companies such as Ambuja Cements Limited, Maruti Suzuki India Limited, FYNX Capital Limited, Diamond Power Infrastructure Limited, etc. He has previously served as an Independent Director of the Company for more than 7 years. 5. Disclosure of relationship between He is not related to any director of the directors Company. 2. Re-appointment of Ms. Renu Naresh Oberoi: 1. Name of the Director Ms. Renu Naresh Oberoi (DIN: 00114588) 2. Reason for change viz. Re-appointment appointment, reappointment resignation, removal, death or otherwise 3. Date of appointment/ Re-appointment of Ms. Renu Naresh Oberoi as cessation and Term of Whole-time Director of the Company for a appointment/ re-appointment further term of 3 (three) consecutive years, with effect from April 1, 2027. 4. Brief Profile (in case of Ms. Renu Naresh Oberoi is the member of appointment) Promoter group and Whole-time Director of the Company. She holds a diploma in fashion designing from London College of Fashion and she has been associated with the Company since 2012. She is responsible for corporate and administrative functions, and overall strategy of the Company. She has over 12 years of experience in our wind power operations as well as various corporate functions of the Company. 5. Disclosure of relationship Relative of Mr. Bharat Oberoi and Mr. Jai Ram between directors Oberoi. Apart from this, Ms. Oberoi is not related to any other Director. 3. Re-appointment of Mr. Pradeep Omprakash Gupta: 1. Name of the Director Mr. Pradeep Omprakash Gupta (DIN: 00013424) 2. Reason for change viz. Re-appointment appointment, reappointment resignation, removal, death or otherwise 3. Date of appointment/ cessation Re-appointment of Mr. Pradeep Omprakash and Term of appointment/ re- Gupta as Whole-time Director of the appointment Company for a further term of 3 (three) consecutive years, with effect from April 1, 2027. 4. Brief Profile (in case of Mr. Pradeep Omprakash Gupta was appointment) appointed as Vice-President (Corporate Affairs) in 2004. Currently, he has been appointed as a Whole-time Director of the Company with effect from September 2, 2016. He holds a bachelor’s degree in textile technology from Maharishi Dayanand University. He has more than 34 years of experience in managerial positions. He has worked in various capacities as Advisor and heading wind energy division of the Company. He is responsible for overseeing overall strategy, investments and operations of the Wind Division. 5. Disclosure of relationship between He is not related to any director of the directors Company. 4. Re-appointment of Mr. Udaya Shankar Jena: 1. Name of the Director Mr. Udaya Shankar Jena (DIN: 09613584) 2. Reason for change viz. Re-appointment appointment, reappointment resignation, removal, death or otherwise 3. Date of appointment/ cessation Re-appointment of Mr. Udaya Shankar Jena and Term of appointment/ re- as an Independent Director of the Company, appointment for a second term of 5 (five) consecutive years, with effect from June 24, 2027. 4. Brief Profile (in case of Mr. Udaya Shankar Jena obtained his appointment) Master’s of Arts degree in economics from Jawaharlal Nehru University. He has more than 20 years of experience in management roles. Prior to joining the Company, he was associated wi [Showing first 8,000 characters — download PDF for full document]