
Board Meeting15 May 2026, 06:01 pm
Premier Energies Board Approves ₹5000 Cr Fundraising
AI Summary
Premier Energies Ltd's board approved audited financial results for the year ended March 31, 2026, and a fundraising plan of up to ₹5000 Crores through equity shares, non-convertible debentures, warrants, or other eligible securities via QIP or other permissible modes. The board 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 a second term of five years, subject to shareholder approval.
Key Highlights
- Premier Energies approved audited financial results for FY26.
- The company plans to raise up to ₹5000 Cr via equity or debt instruments.
- Ravella Sreeenivasa Rao resigned as Company Secretary.
- Hitesh Kumar Jain appointed as Company Secretary and Compliance Officer.
- Deloitte Haskins & Sells re-appointed as Statutory Auditors.
Price Impact
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