Premier Explosives Limited has informed the Exchange regarding 'Intimation of Book Closure, AGM and Cut off/Record Date for evoting'.
PREMEXPLN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Premier Explosives reported strong Q1 FY26 results with standalone revenue from operations at Rs 142.15 crores, up about 72% from Rs 82.86 crores in Q1 FY25, and profit after tax of Rs 15.32 crores, more than doubling from Rs 7.28 crores a year ago. EPS stood at Rs 2.85 (vs Rs 1.35). Results include a Rs 4 crore exceptional ex-gratia expense for an accident at a manufacturing facility, partly offset by a Rs 5 crore reversal of a previously recognized loss provision that boosted other income. The Board fixed the 45th AGM on September 30, 2025, with the record date as September 23, 2025, and confirmed a dividend for FY 2024-25 (book closure September 24–30, 2025). The Board also approved an ESOP Scheme 2025, appointed a new Secretarial Auditor (K V C Reddy & Associates) for five years, approved remuneration for Non-Executive Chairman Dr. Amarnath Gupta, and cleared a proposal to raise up to Rs 300 crores through equity, preferential, QIP, rights issue, or FPO routes, subject to shareholder approval.
Strong Q1 earnings and a confirmed dividend are positive for shareholders, but the proposed Rs 300 crore fund raise could lead to equity dilution depending on the route and pricing. The ex-gratia expense for the factory accident is a one-off but signals a safety incident worth monitoring.