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Premier Energy and Infrastructure has corrected a typographical error in its earlier intimation regarding the re-appointment of Mr. Narayanamurthi as Chairman and Managing Director. The term, previously stated as 5 years, has been corrected to 3 years, running from July 1, 2025 to June 30, 2028. The re-appointment was approved by the Board based on the recommendation of the Nomination and Remuneration Committee and is subject to shareholder approval. Mr. Narayanamurthi, a Chartered Accountant, Cost Accountant, and Company Secretary with over 50 years of experience in finance, general management, and infrastructure, has confirmed he is not debarred by SEBI from holding a director's office. He is not related to any other director or KMP of the company.
This is a routine correction of an administrative error with no material change in the substance of the re-appointment. Shareholders will need to approve the re-appointment at a general meeting; continuity of leadership is maintained.