Powerica MD, chairman, board of directors and AGM
NSE: POWERICABSE: 544744Electrical EquipmentSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹529.30.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹6,258 Cr704th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
- No full year
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
- Shares changed
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonesince listing in Apr 2026
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 24 Jul 2026
- 0.28
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 4,57,43856.8% delivered
Powerica board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.
- Chairperson and managing directorBHARAT NARESH OBEROI
- Company Secretary and Compliance OfficerMs. Anita Renuse
9 directors5 independent4 executive
- BHARAT NARESH OBEROI · Chairperson and managing directorExecutive · joined Nov 2003 · reappointed Dec 2025 · 1 listed board · 1 committee seat
- RENU NARESH OBEROIExecutive · joined Sep 2017 · reappointed Apr 2024 · 1 listed board
- PRADEEP OMPRAKASH GUPTAExecutive · joined Sep 2016 · reappointed Apr 2024 · 1 listed board · 1 committee seat
- JAI RAM OBEROIExecutive · joined Apr 2025 · 1 listed board · 2 committee seats
- UDAYA SHANKAR JENAIndependent · joined Jun 2022 · reappointed Jun 2022 · 48 months as independent · 1 listed board · 1 as independent
- TAPAN RAYIndependent · joined Jun 2025 · reappointed Jun 2025 · 12 months as independent · 1 listed board · 1 as independent · 1 committee seat
- SOWMYA CHATURVEDIIndependent · joined Apr 2025 · reappointed Apr 2025 · 15 months as independent · 1 listed board · 1 as independent
- SUNIL GODWIN LOBOIndependent · joined Jun 2024 · reappointed Jun 2024 · 24 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- RABINDRA NATH NAYAKIndependent · joined Apr 2026 · reappointed Apr 2026 · 2 months as independent · 4 listed boards · 4 as independent · 4 committee seats, 1 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
1 director who left
- MAHESWAR SAHU, left 16 Apr 2026: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 28 May 20269 of 9 present5 independent · 36 days in between
- 21 Apr 20268 of 8 present4 independent · 21 days in between
- 30 Mar 20269 of 9 present5 independent · 2 days in between
- 27 Mar 20269 of 9 present5 independent · 3 days in between
4 earlier meetings
- 23 Mar 20269 of 9 present5 independent · 5 days in between
- 17 Mar 20269 of 9 present5 independent · 4 days in between
- 12 Mar 20269 of 9 present5 independent · 61 days in between
- 9 Jan 20269 of 9 present5 independent
Audit Committee
Chair UDAYA SHANKAR JENA
SUNIL GODWIN LOBO, TAPAN RAY, JAI RAM OBEROI, RABINDRA NATH NAYAK
- 28 May 20264 of 4 present3 independent · 36 days in between
- 21 Apr 20264 of 4 present3 independent · 34 days in between
- 17 Mar 20265 of 5 present4 independent · 4 days in between
- 12 Mar 20265 of 5 present4 independent · 61 days in between
1 earlier meeting
- 9 Jan 20265 of 5 present4 independent
Nomination and remuneration committee
Chair SUNIL GODWIN LOBO
UDAYA SHANKAR JENA, SOWMYA CHATURVEDI
- 21 Apr 20263 of 3 present3 independent · 39 days in between
- 12 Mar 20264 of 4 present4 independent · 61 days in between
- 9 Jan 20264 of 4 present4 independent
Stakeholders Relationship Committee
Chair SUNIL GODWIN LOBO
BHARAT NARESH OBEROI, JAI RAM OBEROI, PRADEEP OMPRAKASH GUPTA
- 9 Jan 20264 of 4 present1 independent
Risk Management Committee
Chair BHARAT NARESH OBEROI
PRADEEP OMPRAKASH GUPTA, JAI RAM OBEROI, UDAYA SHANKAR JENA, SUNIL GODWIN LOBO
- 17 Mar 20265 of 5 present2 independent
Corporate Social Responsibility Committee
Chair BHARAT NARESH OBEROI
JAI RAM OBEROI, SUNIL GODWIN LOBO
- 28 May 20263 of 3 present1 independent · 71 days in between
- 17 Mar 20263 of 3 present1 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Jun 2026.
- Kapoor & Parekh AssociatesPeer-review certificate valid to Nov 2028
1 earlier auditor
- M/s. Kapoor & Parekh AssociatesNamed in the filing for the quarter to Mar 2026
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Powerica AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Powerica share news and announcements
Annual general meeting, 24 Sep 2026
23,413 shareholders on the register on 17 Sep 2026; present: 6 promoters and 60 others; votes counted by Mr. Martinho Ferrao / M/s. Martinho Ferrao and Associates.The company's voting result (opens in a new tab)
- Consideration and adoption of the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026 and the Reports of the Board of Directors and Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.21%
Turnout: all 94.16% · promoters 99.67% · institutions 95.83% · other public 0.63%
- Consideration and adoption of the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026 and the Report of the Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.21%
Turnout: all 94.16% · promoters 99.67% · institutions 95.83% · other public 0.63%
- Re-appointment of Mr. Jai Ram Oberoi (DIN:10361810), as a Director liable to retire by rotationOrdinary98.53% for1.47% against
Against: promoters 0.00% · institutions 8.03% · other public 0.44%
Turnout: all 94.16% · promoters 99.67% · institutions 95.83% · other public 0.63%
- Ratification of remuneration payable to the Cost Auditors for the financial year 2026-27Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.44%
Turnout: all 94.16% · promoters 99.67% · institutions 95.83% · other public 0.63%
- Appointment of M/s. Martinho Ferrao & Associates, Practicing Company Secretaries as the Secretarial Auditors of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.44%
Turnout: all 94.16% · promoters 99.67% · institutions 95.83% · other public 0.63%
- Appointment of Mr. Maheswar Sahu (DIN: 00034051) as Non-Executive Non-Independent Director of the CompanyOrdinary99.59% for0.41% against
Against: promoters 0.00% · institutions 2.27% · other public 0.70%
Turnout: all 94.16% · promoters 99.67% · institutions 95.83% · other public 0.63%
- Approval for payment of commission to Independent Directors of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.44%
Turnout: all 94.16% · promoters 99.67% · institutions 95.83% · other public 0.63%
- Revision in remuneration of Mr. Tushar Gupta, son of Mr. Pradeep Omprakash Gupta in Powerica Renewable Infra Private Limited (“PRIPL”), Subsidiary CompanyOrdinary99.59% for0.41% against
Against: promoters 0.00% · institutions 2.27% · other public 0.69%
Turnout: all 94.16% · promoters 99.67% · institutions 95.83% · other public 0.58%
- Re-appointment of Ms. Renu Naresh Oberoi (DIN:00114588) as Whole-time Director of the CompanySpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.90%
Turnout: all 17.24% · promoters 0.00% · institutions 95.83% · other public 0.63%
- Reappointment of Mr. Pradeep Omprakash Gupta (DIN: 00013424) as Whole-time Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.70%
Turnout: all 94.16% · promoters 99.67% · institutions 95.83% · other public 0.58%
- Re-appointment of Mr. Udaya Shankar Jena (DIN: 09613584) as an Independent Director of the Company for a term of 5 years effective June 24, 2027Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.44%
Turnout: all 94.16% · promoters 99.67% · institutions 95.83% · other public 0.63%
- Re-appointment of Mr. Sunil Godwin Lobo (DIN: 06477020) as an Independent Director of the Company for a term of 5 years effective June 27, 2027Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.44%
Turnout: all 94.16% · promoters 99.67% · institutions 95.83% · other public 0.63%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 10 Jun 2026, 1 resolution
14,440 shareholders on the register on 8 May 2026; votes counted by Martinho Ferrao / Martinho Ferrao & Associates.The company's voting result (opens in a new tab)
- Appointment of Mr. Rabindra Nath Nayak (DIN: 02658070) as an Independent Director of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 2.24%
Turnout: all 95.12% · promoters 99.67% · institutions 87.74% · other public 0.95%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it
Mutual fund votes, meeting of 24 Sep 2026, 5 fund houses so far (houses' deadline to file 15 Oct 2026)
- Consideration and adoption of the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026 and the Reports of the Board of Directors and Auditors thereon5 for0 against
- Consideration and adoption of the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026 and the Report of the Auditors thereon5 for0 against
- Re-appointment of Mr. Jai Ram Oberoi (DIN:10361810), as a Director liable to retire by rotation5 for0 against
- Ratification of remuneration payable to the Cost Auditors for the financial year 2026-275 for0 against
- Appointment of M/s. Martinho Ferrao & Associates, Practicing Company Secretaries as the Secretarial Auditors of the Company5 for0 against
- Appointment of Mr. Maheswar Sahu (DIN: 00034051) as Non-Executive Non-Independent Director of the Company
Against Navi Mutual Fund
- Navi Mutual FundCompliant with law. No concern identified on the merits of proposed appointee. Governance concern: No cooling off period served from transition of Independent director to Non-Independent Director
4 for1 against - Approval for payment of commission to Independent Directors of the Company5 for0 against
- Revision in remuneration of Mr. Tushar Gupta, son of Mr. Pradeep Omprakash Gupta in Powerica Renewable Infra Private Limited (“PRIPL”), Subsidiary Company
Against Navi Mutual Fund
- Navi Mutual FundNon-Compliance with Companies Act, 2013: Prior approval of shareholders not obtained. Transparency concern: Inadequate disclosures regarding the appointee’s credentials (age, qualifications and experience) and the basis for determining the proposed remuneration. Consequently, the fairness of the proposed remuneration cannot be ascertained
4 for1 against - Re-appointment of Ms. Renu Naresh Oberoi (DIN:00114588) as Whole-time Director of the Company5 for0 against
- Reappointment of Mr. Pradeep Omprakash Gupta (DIN: 00013424) as Whole-time Director of the Company5 for0 against
- Re-appointment of Mr. Udaya Shankar Jena (DIN: 09613584) as an Independent Director of the Company for a term of 5 years effective June 24, 20275 for0 against
- Re-appointment of Mr. Sunil Godwin Lobo (DIN: 06477020) as an Independent Director of the Company for a term of 5 years effective June 27, 20275 for0 against
Mutual fund votes, meeting of 10 Jun 2026, 9 fund houses
- Appointment of Mr. Rabindra Nath Nayak (DIN: 02658070) as an Independent Director of the Company.9 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Fines, tax disputes and stakes in unlisted companies
Reported in the filing for the quarter to Jun 2026.
- Unlisted stake boughtFuji-Kailash Energy Private LimitedSince 5 May 2026
49.00% bought in the quarter; holding 49.00%, from 0.00%
- Unlisted stake boughtWindfusion Renewable Private LimitedSince 26 Jun 2026
100.00% bought in the quarter; holding 100.00%, from 0.00%
- Unlisted stake boughtWhisperwind Renewable Private LimitedSince 27 Jun 2026
100.00% bought in the quarter; holding 100.00%, from 0.00%
- Fine or penaltyMaharashtra Industrial Development CorporationSince 5 Jun 2026
Demand for Recovery of GST for the Past Period
MIDC has sent a recovery notice for collection of GST along with interest for an amount of Rs. 5,67,694.87/- - Fine or penaltyDepartment of Karnataka Groundwater AuthoritySince 20 May 2026
Fine for borewell drilled in Factory Premises
TW Fine from Department of Karnataka Groundwater Authority of Rs. 10,000 for borewell drilled in Factory Premises - Tax disputeCentralized Processing Center, Income Tax Department, BengaluruSince 21 May 2026Company has reponded to the notice through its letter dated June 18, 2026.
At the filing before: Tax Demand of Rs. 30,27,98,870/‐ under Section 143(1) of the Income Tax Act, 1961 in respect of Assessment Year 2025‐26. Tax demand is received due to setoff primarily relating to advance tax, TDS, self-assessment taxMoreLess
- Tax disputeCentralized Processing Center, Income Tax Department, BengaluruSince 29 Jun 2026Company has reponded to the notice through its letter dated July 2, 2026.
At the filing before: Tax Demand of Rs. 31,13,00,750/‐ under Sec 154 of the Act in respect of Assessment Year 2025‐26. Revised Tax demand is received on account of TDS set-off and this rectification order is received in relation to the above stated tax demand notice received on May 21, 2026MoreLess
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- Yes
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Jun 2026.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Public IssuesMar 2026, checked by Crisil Ratings Limited | 700.00 | Prepayment/repayment of certain outstanding borrowings availed by our Company, in part or full | 525.00 | 525.00 | No |
| Public IssuesMar 2026, checked by Crisil Ratings Limited | 700.00 | General corporate purposes | 136.54 | 29.31 | No |
| Public IssuesMar 2026, checked by Crisil Ratings Limited | 700.00 | Issue related expenses | 38.46 | 31.27 | No |