Premier Energies Limited Announces Board Changes and Key Corporate Updates
Premier Energies Limited has appointed Mr. Nishith Hasmukh Mehta as an Additional Non-Executive Independent Director for a five-year term, while Mr. Jasbir Singh Gujral has stepped down from his position. The company has recommended M/s P. S. Rao & Associates as Secretarial Auditor for five years. The record date for dividend eligibility is set for August 29, 2025, and the 30th Annual General Meeting is scheduled for September 12, 2025.

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Premier Energies Limited , a prominent player in the energy sector, has announced significant changes to its board composition and several key corporate updates following a board meeting held on August 12, 2025.
Board Restructuring
The company has appointed Mr. Nishith Hasmukh Mehta as an Additional Non-Executive Independent Director for a term of five years, subject to shareholder approval at the upcoming Annual General Meeting (AGM). Mr. Mehta, who brings 25 years of experience in compliance and risk management, will serve from August 12, 2025, to August 11, 2030.
Mr. Mehta's extensive background includes leadership roles at prestigious financial institutions. He previously served as Co-Head of Asia Pacific Compliance and Operational Risk at Bank of America Merrill Lynch, where he spent over 15 years. His expertise spans regulatory strategy, governance, and control frameworks for financial institutions, with a focus on banking, NBFCs, fintech, asset management, and securities sectors.
Concurrently, Mr. Jasbir Singh Gujral has stepped down from his position as Independent Director, effective August 12, 2025. As a result, Mr. Gujral will also cease to be a member of the Audit Committee, Nomination Remuneration Committee, and Risk Management Committee of the company.
Appointment of Secretarial Auditor
The board has recommended the appointment of M/s P. S. Rao & Associates, Practicing Company Secretaries, as the company's Secretarial Auditor for five consecutive financial years from 2025-26 to 2029-30. This appointment is subject to shareholder approval at the forthcoming AGM.
Dividend and AGM Details
Premier Energies Limited has set August 29, 2025, as the record date for determining dividend eligibility for the financial year 2024-25. The company's 30th Annual General Meeting is scheduled for September 12, 2025, at 3:00 P.M. IST, to be conducted via video conferencing or other audio-visual means.
Voting Eligibility
The board has designated September 5, 2025, as the cut-off date for determining members eligible to vote on resolutions presented in the AGM notice.
These corporate actions reflect Premier Energies Limited's commitment to maintaining strong corporate governance and ensuring transparency with its shareholders. The appointment of Mr. Mehta, with his rich experience in risk and compliance, is expected to bring valuable insights to the company's board as it navigates the evolving energy landscape.
Historical Stock Returns for Premier Energies
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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-1.28% | -0.43% | -11.05% | +2.55% | +17.43% | +17.43% |