Premier Energies Limited has informed the Exchange regarding Re-appointment of M/s. Protiviti India Member Private Limited as Internal Auditor of the Company.
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 more than doubled to Rs. 15,096.89 million from Rs. 9,371.32 million, representing 61% PAT growth. The Board approved raising up to Rs. 5,000 crore through equity shares, NCDs, or warrants via QIP. Key management changes include resignation of Company Secretary Mr. Ravella Sreenivasa Rao and appointment of Mr. Hitesh Kumar Jain. Deloitte Haskins & Sells was reappointed as Statutory Auditors for a second 5-year term, and Protiviti India was reappointed as Internal Auditor for FY2026-27. The company acquired stakes in Transcon Ind Limited and HeliosAnthos Energies during the year. Auditors issued an unmodified (clean) opinion on the financial statements.
The 20% revenue growth and 61% PAT growth indicate strong operational performance and market position. The Rs. 5,000 crore fundraising plan suggests significant expansion plans. Clean audit with unmodified opinion reinforces financial reliability and transparency.