Premier - AGM notice disclosure
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Premier Energy and Infrastructure has sent out the notice for its 33rd Annual General Meeting scheduled for August 21, 2025 at 11:30 AM via video conferencing. Key resolutions include adoption of FY25 financial statements, re-appointment of Ms. R. Amurthavalli as Director, and a major business diversification proposal to add bio-pharmaceutical and chemicals business to the company's objects clause. The Board is also seeking approval to increase authorized share capital from Rs. 44.15 crore to Rs. 50 crore (creating room for 58.5 lakh additional equity shares of Rs. 10 each), and re-appointment of Mr. M Narayanamurthi as Managing Director for 3 years. New Secretarial Auditors, M/s. Sridharan & Sridharan Associates, are proposed for a 5-year term at Rs. 1.5 lakh per annum. Book closure runs from August 15-21, 2025, with the e-voting cut-off on August 14 and remote e-voting window from August 17-20, 2025.
Shareholders should note two significant proposals: a potential business pivot from infrastructure into bio-pharma and chemicals, and a ~13% increase in authorized share capital that could facilitate future equity fundraising or dilution. The MD re-appointment signals continuity in leadership for the next three years.