Key Decisions and Approvals

The Board of Directors inter-alia considered and approved the following items:

1. Audited Financial Results: Approved the Audited Financial Results (Standalone and Consolidated) for the quarter and year ended March 31, 2026, along with the Auditors' Report.

2. Internal Auditor Appointment: Appointed M/s. DMKH & Co., Chartered Accountants, as the Internal Auditor for the financial year 2026-27.

3. Audit Committee Reconstitution: Reconstituted the Audit Committee with the following members:

  • Mr. Udaya Jena (Chairman, Independent Director)
  • Mr. Sunil Lobo (Member, Independent Director)
  • Mr. Tapan Ray (Member, Whole-time Director)
  • Mr. Jai Ram Oberoi (Member)
  • Mr. Rabindra Nath Nayak (Member, Independent Director)

4. Incorporation of Wholly Owned Subsidiaries (WOS): Approved the incorporation and investment in two Wholly Owned Subsidiaries.

The Board meeting commenced at 04:36 p.m. and concluded at 05:30 p.m.

Detailed Financial Results (Standalone)

The audited standalone financial results for the quarter (Q4) and year (FY) ended March 31, 2026, are as follows (₹ in Crores, unless stated):

Income Statement Highlights:

  • Revenue from Operations: FY2026: ₹2,594.09; FY2025: ₹2,495.81
  • Total Income: FY2026: ₹2,641.93; FY2025: ₹2,558.90
  • Profit Before Tax (PBT): FY2026: ₹197.40; FY2025: ₹214.38
  • Profit After Tax (PAT): FY2026: ₹201.63; FY2025: ₹141.68 (42% increase YoY)
  • Earnings Per Share (EPS) of face value ₹5/-: FY2026: ₹18.37; FY2025: ₹12.95
  • Q4 PAT: ₹34.28 (Audited); Q4 FY2025: ₹27.22 (Unaudited, not reviewed)

Balance Sheet Highlights (as of March 31, 2026):

  • Total Assets: ₹3,749.65 Crores (Mar'25: ₹2,316.66 Crores)
  • Equity Share Capital: ₹63.28 Crores (Mar'25: ₹13.60 Crores)
  • Other Equity: ₹1,819.61 Crores (Mar'25: ₹1,032.23 Crores)
  • Borrowings (Non-Current + Current): ₹553.21 Crores (Mar'25: ₹296.64 Crores)

Detailed Financial Results (Consolidated)

The audited consolidated financial results for the quarter (Q4) and year (FY) ended March 31, 2026, are as follows (₹ in Crores, unless stated):

  • Consolidated Revenue from Operations: FY2026: ₹3,011.52; FY2025: ₹2,653.27
  • Consolidated Profit After Tax (PAT): FY2026: ₹277.31; FY2025: ₹172.19
  • PAT attributable to Owners of the Company: FY2026: ₹267.27; FY2025: ₹163.18
  • Consolidated Earnings Per Share (EPS) of face value ₹5/-: FY2026: ₹24.40; FY2025: ₹14.93
  • Q4 Consolidated PAT: ₹45.11 (Audited)

Auditor's Declaration

In terms of Regulation 33(3)(d) of the SEBI Listing Regulations, it was declared that the statutory auditors, M/s. Kapoor & Parekh Associates, Chartered Accountants, have issued an unmodified (clean) audit opinion on the Audited Financial Results (Standalone and Consolidated) for the year ended March 31, 2026.

Details of Wholly Owned Subsidiaries (WOS)

The Board approved the incorporation of two new WOS companies:

1. Whisperwind Renewable Private Limited (or a similar approved name)

2. Windfusion Renewable Private Limited (or a similar approved name)

Common Details for both WOS:

  • Country of Incorporation: India
  • Holding Company: Powerica Limited (Wholly Owned Subsidiary)
  • Industry: Renewable Energy
  • Line of Business: Setting up, development, and construction of wind power projects, wind parks, solar power projects, Wind-Solar Hybrid Projects, or any other renewable power projects, and all allied activities.

Internal Auditor Appointment

M/s. DMKH & Co., Chartered Accountants, was appointed as the Internal Auditor for FY2026-27. The firm has 35 years of experience with 09 offices across India and is empanelled with RBI, IBA, CAG, and ICAI.

IPO and Capital Structure Update

Subsequent to the year-end (on April 2, 2026), the Company completed its Initial Public Offer (IPO):

  • Total Issue Size: 2,78,53,058 equity shares of ₹5 each.
  • Fresh Issue: 1,77,26,477 equity shares aggregating ₹700.00 crores.
  • Offer for Sale: 1,01,26,581 equity shares by selling shareholders aggregating ₹400.00 crores.
  • Issue Price: ₹395 per share (₹358 per share for employee portion, a discount of ₹37).
  • Net Proceeds from Fresh Issue: ₹661.51 crores (after estimated issue expenses).
  • Utilization of Net Proceeds (as of Mar 31, 2026): The entire ₹661.51 crores was held in an escrow/public issue account, with ₹525.00 crores earmarked for debt prepayment/repayment and ₹136.51 crores for general corporate purposes.
  • Share Issue Expenses: ₹32.98 crores (net of GST) were adjusted against securities premium.

Bonus Issue Adjustment

The shareholders and Board had previously approved a bonus issue in the ratio of 3:1. The number of shares and EPS for all periods presented have been adjusted retrospectively for this bonus issue.

Notes to Financial Results

  • The figures for the quarter ended March 31, 2026, are the balancing figures between the audited full-year figures and the previously published unaudited year-to-date figures up to Q3.
  • The figures for the corresponding quarter (Q4) ended March 31, 2025, were approved by the Board but were not audited or reviewed, as the company was unlisted at that time. The listing occurred in April 2026, making quarterly reporting mandatory from the quarter ended December 31, 2025.
  • All amounts are rounded off to the nearest crore.