Premier Explosives Limited has informed the Exchange regarding 'Appointment of Secretarial Auditors'.
PREMEXPLN · price
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Premier Explosives' board approved several items on August 12, 2025. Standalone revenue from operations jumped to Rs. 142.15 crore in Q1 FY26 from Rs. 82.86 crore in Q1 FY25, a rise of about 72%. Profit after tax more than doubled to Rs. 15.32 crore from Rs. 7.28 crore, lifting EPS to Rs. 2.85 vs Rs. 1.35. The company booked a Rs. 4 crore ex-gratia exceptional expense related to an accident at its manufacturing facility, while other income surged due to a Rs. 5 crore reversal of an older loss provision on a long-term contract. The board appointed M/s. K V C Reddy & Associates as Secretarial Auditors for five years (FY26-FY30), cleared a new ESOP 2025 scheme, and approved raising up to Rs. 300 crore through equity or other securities via public/private, preferential, QIP, or rights routes.
Sharp top-line and bottom-line growth is positive for shareholders, though the headline PAT includes a one-time gain from the loss-provision reversal and was reduced by the accident-related ex-gratia. The proposed Rs. 300 crore fund raise could lead to dilution if executed; the 45th AGM is on September 30, 2025, with a book-closure window of September 24-30 for the FY25 dividend.