Powerica AGM Approves Director Reappointments and Auditor

Nature of change: Appointment and re-appointments of directors approved at 42nd Annual General Meeting held on September 24, 2026.

1. Appointment of Mr. Maheswar Sahu (DIN: 00034051)

Appointed as Non-Executive Non-Independent Director effective September 24, 2026
Qualifications: Bachelor of Science in Electrical Engineering from Regional Engineering College, Rourkela; Master's degree in Social Science (Development Administration) from University of Birmingham, U.K.
Experience: 1980-batch Indian Administrative Service (IAS) Officer with over 33 years of extensive experience with Government of India and Gujarat, retiring as Additional Chief Secretary of Industries and Mines Department
Current board positions: Ambuja Cements Limited, Maruti Suzuki India Limited, FYNX Capital Limited, Diamond Power Infrastructure Limited
Previous service: Independent Director of Powerica Limited for more than 7 years
Relationship: Not related to any director of the Company

2. Re-appointment of Ms. Renu Naresh Oberoi (DIN: 00114588)

Re-appointed as Whole-time Director for further term of 3 consecutive years with effect from April 1, 2027
Member of Promoter group and Whole-time Director of the Company
Qualifications: Diploma in fashion designing from London College of Fashion
Experience: Associated with Company since 2012; over 12 years of experience in wind power operations and corporate functions
Responsibilities: Corporate and administrative functions, overall strategy of the Company
Relationship: Relative of Mr. Bharat Oberoi and Mr. Jai Ram Oberoi; not related to any other Director

3. Re-appointment of Mr. Pradeep Omprakash Gupta (DIN: 00013424)

Re-appointed as Whole-time Director for further term of 3 consecutive years with effect from April 1, 2027
Originally appointed as Vice-President (Corporate Affairs) in 2004; Whole-time Director since September 2, 2016
Qualifications: Bachelor's degree in textile technology from Maharishi Dayanand University
Experience: More than 34 years of experience in managerial positions; worked as Advisor and heading wind energy division
Responsibilities: Overseeing overall strategy, investments and operations of the Wind Division
Relationship: Not related to any director of the Company

4. Re-appointment of Mr. Udaya Shankar Jena (DIN: 09613584)

Re-appointed as Independent Director for second term of 5 consecutive years with effect from June 24, 2027
Qualifications: Master's of Arts degree in economics from Jawaharlal Nehru University
Experience: More than 20 years of experience in management roles; previously associated with SBI Gilts Limited and Societe Generale
Current role: Associated with Company since 2022; Chairman of Audit Committee
Compliance: Confirmed meeting independence criteria under Section 149 of Companies Act, 2013 and Regulation 16 of SEBI Listing Regulations; not debarred from holding director office
Relationship: Not related to any director of the Company

5. Re-appointment of Mr. Sunil Godwin Lobo (DIN: 06477020)

Re-appointed as Independent Director for second term of 5 consecutive years with effect from June 27, 2027
Qualifications: Bachelor's degree in commerce from University of Bombay; post graduate diploma in business administration from K.J. Somaiya Institute of Management Studies and Research, Mumbai
Experience: More than 29 years of experience in corporate and investment banking; previously associated with BNP Paribas as director – wealth management
Current role: Heads Corporate Banking business for Doha Bank in India; president of Bombay Young Men's Christian Association; trustee of Christian Medical and Educational Fellowship Trust, Mumbai since 2015
Compliance: Confirmed meeting independence criteria under Section 149 of Companies Act, 2013 and Regulation 16 of SEBI Listing Regulations; not debarred from holding director office
Relationship: Not related to any director of the Company

Appointment of Secretarial Auditor

M/s. Martinho Ferrao & Associates, Practicing Company Secretaries appointed as Secretarial Auditors
Term: 5 consecutive years commencing from FY 2026-27 up to FY 2030-31
Firm details: Membership No. FCS 6221 / C.P. No. 5676, Mumbai; Peer Reviewed Firm
Experience: Over 2 decades in Corporate Governance and Compliance; expertise in Secretarial Audits, Compliance Audits, Due Diligence across wide spectrum of industries and Section 8 Associations
Services: Advisory and compliance services under Corporate Laws, SEBI Regulations, FEMA Regulations, Shipping laws, restructuring including Merger & Acquisition, drafting of agreements and legal documentation
Quality: Peer Reviewed and Quality Reviewed by Institute of Company Secretaries of India (ICSI)

Regulatory Compliance

Disclosures made pursuant to Regulation 30 read with Schedule III of SEBI Listing Regulations
Reference to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Information available on company website: www.powericaltd.com