Premier Energies Ltd

Premier Energies Ltd announced the incorporation of a wholly-owned subsidiary during its Board Meeting on July 02, 2026. The new entity will focus on Battery Energy Storage Systems, Battery Cells, Battery Materials, and related electronics, hardware, and software. The subsidiary will have an authorized share capital of ₹10,00,000, divided into 1,00,000 equity shares of ₹10 each. Premier Energies will subscribe to 50,000 equity shares, amounting to ₹5,00,000, in the subsidiary. Further details will be disclosed as required.

Premier Energies Ltd has announced the closure of its trading window for all designated persons and their immediate relatives. This closure is in accordance with the company's code of conduct for regulating trading activities. The window will be shut from Wednesday, July 01, 2026, and will reopen 48 hours after the declaration of the financial results for the quarter ending June 30, 2026. This measure is a standard corporate governance practice to prevent potential insider trading during sensitive periods.

Premier Energies Limited has been recognized as a Grade A Solar PV Module Manufacturer in Wood Mackenzie's Global Solar PV Module Manufacturer Ranking 2026. The company is among the Top 25 globally and Top 3 in India. This ranking evaluates manufacturers on capacity utilization, technology, financial strength, supply chain, ESG, reliability, and R&D. Premier Energies currently has 11.1 GW of module manufacturing capacity and is expanding its cell capacity to 10.6 GW. The company is also investing ₹12,500 crore in upstream manufacturing and clean energy segments. This recognition highlights the company's manufacturing excellence and global competitiveness.

Surenderpal Singh Saluja & Others, part of the Promoter and Promoter Group of Premier Energies Limited, have disposed of 2,41,29,527 equity shares, representing 5.33% of the paid-up equity share capital of the company. This transaction was executed through the open market on May 25, 2026.

Premier Energies Ltd has released a monitoring agency report by CRISIL Ratings Limited for the quarter ended March 31, 2026, concerning the utilization of IPO proceeds. The report indicates a deviation from the initially stated project location, which was changed from Ranga Reddy District, Telangana, to Tirupati District, Andhra Pradesh, following a special resolution dated April 6, 2025. The monitoring agency declares an objective view based on provided information, without independent verification, and disclaims responsibility for any losses from the use of the information.

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.

Premier Energies Ltd's board approved the re-appointment of Deloitte Haskins & Sells as statutory auditors, subject to shareholder approval at the upcoming AGM. The board also approved raising up to ₹5000 Crores through equity shares, non-convertible debentures, warrants, or other eligible securities via QIP or other permissible modes. Additionally, Mr. Hitesh Kumar Jain was appointed as Company Secretary and Compliance Officer, succeeding Mr. Ravella Sreeenivasa Rao.

Premier Energies Ltd has re-appointed M/s Protiviti India Member Private Limited as its Internal Auditor for the financial year 2026-27. This decision was made based on the recommendation of the Audit Committee. The board also approved the re-appointment of M/s. Deloitte Haskins & Sells as Statutory Auditors for a second term of five years, subject to shareholder approval. Additionally, the board approved raising funds up to ₹5000 Crores through various means and appointed Mr. Hitesh Kumar Jain as Company Secretary and Compliance Officer.

Premier Energies Ltd announced the audited financial results for Q4 and FY 2026, approved during a board meeting on May 15, 2026. The board also approved raising funds up to ₹5000 Crores through equity shares, non-convertible debentures, warrants, or other eligible securities via QIP or other permissible modes. Mr. Ravella Sreeenivasa Rao resigned as Company Secretary and Compliance Officer, effective May 15, 2026, and Mr. Hitesh Kumar Jain was appointed as his replacement, effective May 16, 2026. Deloitte Haskins & Sells were re-appointed as Statutory Auditors, subject to shareholder approval.

Premier Energies Ltd's board approved audited financial results for FY26 and a fundraise of up to ₹5000 Crores through equity or convertible securities via QIP or other permissible modes. They 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 another five years, subject to shareholder approval.