Premier Energies Limited has informed the Exchange regarding Appointment of Mr Hitesh Kumar Jain as Company Secretary & Compliance Officer of the company w.e.f. May 16, 2026.
PREMIERENE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Premier Energies Limited reported strong audited financial results for FY2026 with revenue from operations of Rs 78,243.74 million (up 20% from Rs 65,187.45 million in FY2025) and profit after tax of Rs 15,096.89 million (up 61% from Rs 9,371.32 million). The Board also approved raising funds up to Rs 5,000 crores via QIP or other permissible modes. In key leadership changes, Mr. Ravella Sreenivasa Rao resigned as Company Secretary and Compliance Officer (citing internal transition), with Mr. Hitesh Kumar Jain appointed in his place effective May 16, 2026. Deloitte Haskins & Sells was re-appointed as Statutory Auditors for another 5-year term. Additionally, the company acquired majority stake in Transcon Ind Limited (transformer manufacturing) and 51% in HeliosAnthos Energies.
Strong financial performance demonstrates robust growth in the solar manufacturing business. The senior compliance leadership change appears to be an internal restructuring with minimal disruption. Fund-raising capacity provides flexibility for future expansion, though it may dilute existing shareholders if exercised.