
Management Change6 Aug 2026, 06:11 pm
Premier Energies Re-appoints Chiranjeev Singh Saluja as MD
AI Summary
Premier Energies Ltd announced the re-appointment of Mr. Chiranjeev Singh Saluja as Managing Director for a five-year term, commencing December 19, 2026, subject to member approval. The Board also approved unaudited financial results for Q1 FY27, showing a profit before tax of ₹85.91 million. Additionally, the company plans to raise up to ₹5000 Crores via QIP or other permissible modes. The 31st Annual General Meeting is scheduled for September 21, 2026, to approve financial statements and fund-raising plans.
Key Highlights
- Chiranjeev Singh Saluja re-appointed as MD for five years.
- Unaudited Q1 FY27 profit before tax stands at ₹85.91 million.
- Company plans to raise up to ₹5000 Crores via QIP.
- AGM scheduled for September 21, 2026, for approvals.
- Mr. Surenderpal Singh Saluja re-appointed as Chairman.
Price Impact
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