Board Meeting15 May 2026, 05:01 pm
Premier Energies Board Approves ₹5000 Cr Fundraise
AI Summary
Premier Energies Ltd's board approved audited financial results for FY26 and a fundraise of up to ₹5000 Crores through equity or convertible securities via QIP or other permissible modes. They also noted the resignation of Company Secretary Ravella Sreeenivasa Rao and appointed Hitesh Kumar Jain as the new Company Secretary and Compliance Officer, effective May 16, 2026. Additionally, Deloitte Haskins & Sells were re-appointed as Statutory Auditors for another five years, subject to shareholder approval.
Key Highlights
- Audited FY26 financial results (standalone and consolidated) approved.
- Plans to raise up to ₹5000 Cr via equity or convertible securities.
- Ravella Sreeenivasa Rao resigned as Company Secretary.
- Hitesh Kumar Jain appointed as Company Secretary, effective May 16, 2026.
- Deloitte Haskins & Sells re-appointed as Statutory Auditors, subject to shareholder approval.
Price Impact
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