Physicswallah Limited (PWL) — Board Meeting | 14 August 2026(4 announcements)

Physicswallah Limited received CARE Ratings' monitoring report confirming proper utilization of Rs. ₹3,100 crores IPO proceeds for FY27, with ₹291.35 crores spent and ₹1,058.94 crores remaining, including ₹1986 crores parked in fixed deposits. The report validates compliance, notes a reduced tax demand of ₹192 crores under appeal, and details expenditures across new center setups, lease payments, subsidiary investments, and acquisitions, while flagging Rs. ₹1.04 crores of unapproved general corporate purpose use.

Physicswallah Limited announced on August 14, 2026, that its board approved acquiring 1000 equity shares of Bharat Innovations Global Private Limited (BIGPL), increasing its stake from 90% to 100% and making BIGPL a wholly owned subsidiary. The acquisition involves no cash consideration and will be completed within six months post-board approval. This move consolidates ownership in the education-focused edtech firm, aligning with the company's strategic expansion in online and offline coaching services.

Physicswallah Limited announced on August 14, 2026, that its board approved adopting a new Articles of Association (AoA) replacing the existing ones, pending shareholder approval and statutory clearances, as per SEBI Listing Regulations Regulation 30 and Schedule III. The amendment aligns the AoA with Table-F of Schedule I of the Companies Act, 2013, and will be hosted on the company's investor relations webpage.

Physicswallah Limited announced the appointment of Mr. Anoop Kumar Mittal as an Additional Director and Non-Executive Independent Director on its board, effective August 14, 2026, for a five-year term subject to shareholder approval. The Board approved the appointment during its meeting on August 14, 2026, following recommendations from the Nomination and Remuneration Committee. The filing confirms compliance with SEBI Listing Regulations and includes disclosures about his professional background and lack of conflicts of interest.