Powerica Limited has informed the Exchange about approval of the Board of Directors for incorporation and investment in two (2) Wholly Owned Subsidiaries ( WOS )
POWERICA · price
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Powerica Limited's Board of Directors approved the incorporation and investment in two new Wholly Owned Subsidiaries under the Companies Act, 2013. The company also announced audited FY26 results showing strong growth: standalone revenue of Rs. 2,594 Cr (up 4% YoY) and standalone PAT of Rs. 202 Cr (up 42% YoY). Consolidated revenue reached Rs. 3,012 Cr with consolidated PAT of Rs. 277 Cr. The company listed on NSE and BSE in April 2026 via an IPO raising Rs. 700 Cr. The new WOS approvals indicate plans to expand the corporate structure, though specific business purposes for the new subsidiaries were not disclosed in the filing.
Positive signal for corporate expansion as the company establishes new wholly owned subsidiaries, potentially for new business segments or operational restructuring. However, no immediate impact on stock price as the specific details of WOS investments are not disclosed.