Premier Energies Limited has informed the Exchange about Resignation of Director/KMP/SMP
PREMIERENE · price
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Premier Energies Limited held its Board Meeting on May 15, 2026, approving multiple items. The company 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) and profit after tax of Rs. 15,096.89 million (up 61% from Rs. 9,371.32 million). Basic EPS improved to Rs. 33.63 from Rs. 21.35. The Board also approved raising funds up to Rs. 5,000 crores via QIP or other permissible modes. Key management change: Mr. Ravella Sreeenivasa Rao resigned as Company Secretary and Compliance Officer (KMP) effective close of business on May 15, 2026, due to internal transition and realignment within the group structure. He was succeeded by Mr. Hitesh Kumar Jain, a seasoned professional with over 25 years of experience, effective May 16, 2026. Deloitte Haskins & Sells was re-appointed as Statutory Auditors for a second term of 5 years.
The resignation and immediate replacement of the Company Secretary represents a routine management transition. The strong financial performance and fund-raising plan signal growth focus. No immediate negative impact on operations expected.