Premier Energies IPO Proceeds Utilization Report Filed

Premier Energies Ltd has filed its Monitoring Agency Report for the quarter ended June 30, 2026, as required by SEBI regulations. The report, issued by CRISIL Ratings Limited, details the utilization of proceeds from the company's Initial Public Offer (IPO). A key point noted is a deviation in the project's location for establishing 4 GW solar PV cells, moving from Ranga Reddy District, Telangana to Tirupati District, Andhra Pradesh. This change was approved by shareholders via a special resolution on April 06, 2025. The report confirms the utilization is in line with the approved change of objects.