StockWatch
·
Other Electrical Equipment
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.