Premier Energies Limited — Others, 09-08-2025: Monitoring Agency Report

Premier Energies Limited has disclosed its Monitoring Agency Report on the utilization of IPO proceeds for the quarter. A key update is the shareholder-approved change in location for the 4 GW solar PV cell project, now shifting from Telangana to Tirupati District, Andhra Pradesh. Out of the fresh issue proceeds, the company has utilized Rs 126.69 Cr for the solar manufacturing facility and Rs 235.79 Cr for general corporate purposes, including investment in its subsidiary for a 1 GW module plant. Approximately Rs 876.41 Cr of IPO funds remain unutilized, primarily held in fixed deposits. Several project-related approvals are still pending.