Regulation 30 of SEBI LODR, 2015 - Appointment of Secretarial auditor
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The Board of Directors of Premier Energy and Infrastructure Ltd approved several items at its meeting held on May 27, 2025. These include the Audited Financial Results for the quarter and year ended March 31, 2025, on which the statutory auditors (M/s. R. Sundararajan & Associates) issued an unmodified (clean) opinion. The 33rd Annual General Meeting has been scheduled for August 21, 2025, to be held via video conferencing. The Board also approved the appointment of M/s. Sridharan & Sridharan Associates as Secretarial Auditors for five years from FY 2025-26 to FY 2029-30, subject to shareholder approval, as required under amended SEBI Regulation 24A. Additionally, Mr. Narayanamurthi has been re-appointed as Chairman and Managing Director for a fresh five-year term from July 1, 2025 to June 30, 2030, again subject to shareholder approval.
The clean (unmodified) audit opinion from the statutory auditor is a reassuring signal for shareholders, indicating no major accounting concerns. The re-appointment of the existing Managing Director and the appointment of a reputed secretarial auditor (led by a former ICSI President) suggest continuity in leadership and governance, with no immediate negative implications for the stock.