Premier Energies Re-appoints Chairman & MD, Approves Q1 Results
Premier Energies Ltd announced the re-appointment of Surenderpal Singh Saluja as Chairman and Wholetime Director for a five-year term, subject to member approval. The Board also approved the re-appointment of Chiranjeev Singh Saluja as Managing Director for a similar term. The company's unaudited financial results for the quarter ended June 30, 2026, were reviewed, showing a profit before tax of ₹85.91 million and a total comprehensive income of ₹51.97 million. Additionally, the Board approved the notice for the 31st Annual General Meeting, scheduled for September 21, 2026, to seek member approval for audited financial statements and a potential fundraise of up to ₹5000 Crores via QIP or other modes. The appointment of S.S. Zanwar & Associates as Cost Auditors for FY27 and reconstitution of the Risk Management Committee were also approved.
Key Highlights
- Surenderpal Singh Saluja re-appointed Chairman & Wholetime Director for 5 years.
- Chiranjeev Singh Saluja re-appointed Managing Director for 5 years.
- Unaudited Q1 FY27 results show profit before tax of ₹85.91 million.
- AGM on Sep 21 to approve financials and up to ₹5000 Cr fundraise.
- Cost Auditors appointed for FY27; Risk Management Committee reconstituted.
Price Impact
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