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Heramba Electric plc Stock Price, News & Analysis

PITEF OTC

Welcome to our dedicated page for Heramba Electric plc news (Ticker: PITEF), a resource for investors and traders seeking the latest updates and insights on Heramba Electric plc stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Heramba Electric plc's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Heramba Electric plc's position in the market.

Rhea-AI Summary
Heramba Electric (OTC: PITEF) announced major leadership changes following an extraordinary shareholder meeting on June 3, 2025, where over 90% of shareholders voted. The company terminated CEO Michele Molinari with immediate effect due to multiple breaches including fiduciary duty violations, corporate governance failures, and conflict of interest issues. The board appointed Srinath Narayanan as acting CEO, David Port as Chief Restructuring Officer, Prakash Ramachandran as CFO, and Dave Roberts as Chief Legal Officer. Eight new directors were appointed to the board. The company also appointed new legal counsel in Ireland (ByrneWallace LLP), Germany (Toiefenbacher), and Delaware (PotterAnderson). Only Narayanan, Port, and Roberts are authorized to negotiate with German insolvency administrators to maximize shareholder and creditor value.
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FAQ

What is the current stock price of Heramba Electric plc (PITEF)?

The current stock price of Heramba Electric plc (PITEF) is $0.02885 as of June 18, 2025.
Heramba Electric plc

OTC:PITEF

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