Re-appointment of Internal Auditors of the Company for FY 2026-27.
PREMIERENE · price
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Premier Energies' Board Meeting on May 15, 2026 approved multiple items including audited FY2026 results showing strong performance. Consolidated revenue grew 20% to ₹78,244 million from ₹65,187 million, while PAT surged 61% to ₹15,097 million from ₹9,371 million. The Board also approved raising up to ₹5,000 crores via QIP or other modes, subject to shareholder approval. Company Secretary Mr. Ravella Sreenivasa Rao resigned due to internal restructuring and was replaced by Mr. Hitesh Kumar Jain. Deloitte Haskins & Sells was re-appointed as Statutory Auditors for a second 5-year term, and Protiviti India was re-appointed as Internal Auditor for FY 2026-27. Auditors issued an unmodified opinion on the financial results.
Strong financial results with 20% revenue growth and 61% PAT growth reflect robust operational performance. The planned ₹5,000 crore fund raise could lead to dilution but supports growth plans. Clean audit with unmodified opinion signals financial health to investors.