Premier Explosives Limited announced that at its board meeting held on January 7, 2022, the Board has taken on record the completion of the term of Dr. Amarnath Gupta as Managing Director on 13 February, 2022; on the recommendation of Nomination and Remuneration Committee, the Board approved the re-designation/appointment of Mr. T.V. Chowdary, Deputy Managing Director as "Managing Director" effect from 14 February, 2022 for a period of 5 years.