Powerica Limited has announced its unaudited financial results for the second quarter and half-year ended September 30, 2026. Key highlights include the approval of financial results, review reports, and updates on subsidiary matters. The company also disclosed details regarding the sale of equity shares in its subsidiary, Windstride Power Private Limited, and the approval for a postal ballot notice for a loan to Windstride.
Board Meeting Approves Financial Results and Key Updates
Powerica Limited convened its Board of Directors meeting on November 05, 2026, where several significant matters were considered and approved. The board reviewed and approved the unaudited financial results for the quarter and half-year ended September 30, 2026, along with the Statement of Assets and Liabilities and Cash Flow Statement. The Limited Review Report from the Statutory Auditors was also approved.
Operational and Strategic Disclosures
Pursuant to SEBI Listing Regulations, the company submitted a statement of deviation(s) or variation(s) regarding the utilization of funds raised through its Initial Public Offer (IPO) for the quarter ended September 30, 2026.
In a strategic move, Powerica Limited approved the sale of 1,22,500 equity shares of its wholly-owned subsidiary, Windstride Power Private Limited, representing 49% of its paid-up share capital, to GE Renewable R&D India Private Limited. Consequently, Windstride will no longer be a wholly-owned subsidiary, though Powerica will retain 51% ownership, continuing to be its parent company. The detailed disclosures required under Regulation 30 of SEBI Listing Regulations are appended.
Additionally, the board approved a postal ballot notice for shareholders to grant a loan to Windstride Power Private Limited. Amendments to the company’s Policy on Code of Conduct for regulating trading by Insiders and the Policy on Code of practices for fair disclosure of unpublished price sensitive information were also approved.
Key Personnel Authorisation
Key Managerial Personnel authorized for making disclosures and filing necessary intimations with the Stock Exchanges include Mr. Jai Ram Oberoi (Whole-time Director), Mr. Ritesh Kumar Agrawal (Group Chief Financial Officer), and Ms. Anita Renuse (Company Secretary & Compliance Officer).
Financial Highlights and Presentations
The Board meeting, which commenced at 05:30 p.m. and concluded at 06:30 p.m., also involved the enclosure of a Press Release and Investor Presentation related to the unaudited financial results. These documents are available on the company’s website.
Source: BSE
