Premier Explosives' AGM approves capital raise, reappointments

Premier Explosives Limited held its 45th Annual General Meeting (AGM) on September 30, 2025, via video conferencing. The meeting saw the adoption of the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2025, along with the reports from the board of directors and auditors. A final dividend for the financial year 2024-25 was also declared.

Key resolutions passed include the reappointment of Dr. Amarnath Gupta as a director, and approvals for the remuneration of T.V. Chowdary, managing director, and Y. Durga Prasad Rao, director operations. The appointment of secretarial auditors and ratification of remuneration for cost auditors were also approved.

Shareholders also approved a proposal to raise capital up to an amount not exceeding INR 300 crore through the issuance of equity shares or other eligible securities. E-voting results are to be announced within two working days.