Premier Energies Limited has informed the Exchange regarding Re-appointment of Ms Deloittee Haskins & Sells, Chartered Accountants as Statutory Auditors of the Company subject to shareholders approval.
PREMIERENE · price
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Premier Energies Limited reported strong FY2026 consolidated results with revenue from operations of Rs.78,243.74 million, up 20% from Rs.65,187.45 million in FY2025. Profit after tax grew significantly to Rs.15,096.89 million from Rs.9,371.32 million, representing approximately 61% growth. The Board approved raising funds up to Rs.5,000 crores via QIP or other permissible modes. Key leadership changes include resignation of Company Secretary Mr. Ravella Sreenivasa Rao and appointment of Mr. Hitesh Kumar Jain as the new Company Secretary and Compliance Officer. Deloitte Haskins & Sells has been re-appointed as Statutory Auditors for a second 5-year term, subject to shareholder approval. Statutory auditors issued an unmodified opinion on the annual financial results.
The company demonstrated robust financial performance with strong double-digit revenue growth and even stronger profitability growth, indicating margin expansion. The planned capital raise of Rs.5,000 crores may lead to equity dilution but supports growth initiatives. Clean audit opinion is positive for investor confidence.