Premier Energies Ltd

Premier Energies Ltd — Closure of trading window from Thursday, October 01, 2026 till 48 hours after the declaration of the Financial Results of the Company for the quarter ending September 30, 2026

Singapore subsidiary incorporation

• ACRA approved incorporation of PE Horizon Pte. Ltd. on 23 September 2026.
• Premier Energies holds 100% equity in PE Horizon Pte. Ltd.
• Share capital at incorporation: SGD 10,000 via 10,000 shares at SGD 1 each.
• Cash consideration paid for share subscription; 100% stake acquired.
• Business scope includes wholesale trade, management consultancy, and clean energy activities.

AGM details

• AGM held on 21 September 2026 at 11:30 IST via VC/OAVM.
• Cut-off date for shareholders: 14 September 2026.
• Remote e-voting held 18–20 September 2026 on NSDL platform.

Resolutions and outcomes

• Ordinary: adopt annual and consolidated financial statements for year ended 31 March 2026; passed with 99.93% in favour.
• Ordinary: approve final dividend of 1.00 per equity share (0.25 + 0.75 interim); already paid; passed.
• Ordinary: appoint Sudhir Moola as Director; retires by rotation; passed.
• Ordinary: reappoint Deloitte Haskins & Sells as Statutory Auditors; passed.
• Ordinary: ratify Cost Auditor's remuneration; passed.
• Special: reappoint Chiranjeev Singh Saluja as Managing Director; passed.
• Special: reappoint Surenderpal Singh Saluja as Chairman and Whole-time Director; passed.
• Special: approve capital raise up to 5,000 crores via equity or convertible securities; passed.
• All resolutions passed with requisite majority.

Dividend

• Final dividend of 1.00 per equity share, comprising interim components; already paid.

Directors & Management

• Sudhir Moola appointed as Director; retires by rotation.
• Chiranjeev Singh Saluja reappointed as Managing Director.
• Surenderpal Singh Saluja reappointed as Chairman and Whole-time Director.

Auditors

• Deloitte Haskins & Sells reappointed as Statutory Auditors.
• Cost Auditor remuneration ratified.

Capital & approvals

• Capital raise approved up to 5,000 crores via equity or convertible securities.

AGM highlights

• FY2026 revenue grew 20.7% to INR 7,824 crore.
• EBITDA rose 35% to INR 2,579 crore.
• PAT increased 61% to INR 1,510 crore.
• ROCE stood at 33.5%; ROE at 42%.
• Dividend declared: INR 1.00 per share in two tranches.
• Naidupeta: 10 GW ingot/wafer capacity under development; large outside China.
• 12 GWh storage project with RCT Germany; first phase 6 GWh by June 2027.
• Transcon transformer business to benefit from grid infrastructure investments.
• Women >30% of workforce; 9,220 green jobs.
• Maiden Sustainability Report aligned with GRI/BRSR; ~100 Mt CO2e avoided.

AGM details

• Date: 21 September 2026; Time: 11:30 AM–12:38 PM IST.
• Mode: VC/OAVM.

Ordinary Business

• Adopt audited financial statements for FY ended 31 March 2026 and consolidated statements.
• Confirm final dividend of ₹1.00 per equity share (interims already paid).
• Appoint Sudhir Moola as Director, retiring by rotation.
• Re-appoint Deloitte Haskins & Sells as statutory auditors.

Special Business

• Ratify Cost Auditor's remuneration.
• Re-appoint Chiranjeev Singh Saluja as Managing Director.
• Re-appoint Surenderpal Singh Saluja as Chairman and Whole-time Director.
• Raise capital via equity or convertible securities up to ₹5,000 Crores.

Directors & Management Changes

• Sudhir Moola re-appointed as Director.
• Chiranjeev Singh Saluja re-appointed as Managing Director.
• Surenderpal Singh Saluja re-appointed as Chairman and Whole-time Director.

Auditors

• Deloitte Haskins & Sells re-appointed as statutory auditors.

Operational milestones

• Commissioned 7 GW N-type TOPCon G12R facility at Naidupeta, Andhra Pradesh.
• Total solar cell capacity increased to 10.6 GW, India's largest.
• Capex for Naidupeta facility ₹3,293 crore.
• Facility spans 101 acres with 88,000 cells/hour throughput.
• Target efficiency ~25.8% after stabilisation and ramp-up.
• ZLD system designed for water recycling.
• Potential upgrades to TOPCon+ technologies planned.
• ₹12,500 crore capex program planned over three years.
• Backward integration into ingots and wafers planned.

Strategic outlook

• Backwards integration into ingots and wafers aligns with a fully integrated platform.
• Line stabilisation expected to improve supply reliability and operating efficiency.
• Company aims to address growing demand for high-efficiency solar products in domestic and international markets.

Subsidiary wind-up

• IBD is a step-down subsidiary; winding-up certificate received; effective 13 Sept 2026.
• It had no revenue or commercial operations; filed for voluntary winding-up by strike off on 10 Oct 2023.
• Winding-up certificate received on 16 Sept 2026; effective from 13 Sept 2026.
• As of Mar 31, 2026, revenue from operations: Nil; net worth: (₹2.09 lakh).
• Annexure: all items (b–h) Not Applicable; no sale, related-party, or scheme implications.

JV for 12 GWh BESS facility

• JV to establish a 12 GWh BESS facility in Telangana via Premier Battery Technologies Pvt. Ltd.
• First phase planned at 6 GWh capacity.
• Facility aimed for export orientation, leveraging RCT's global energy-sector network.
• This expands Premier Energies beyond solar into broader clean-energy manufacturing.

BESS manufacturing joint venture

• PBTPL and RCT India to form PESSPL as strategic JV for design, manufacture, and sale of BESS.
• JV target capacity: 12 GWh, with initial 6 GWh phase in FY27-28 at Telangana Seetharampur.
• Shareholding in PESSPL: 85% PBTPL, 15% RCT India initially; option to 80/20 later.
• PBTPL and PESSPL do not hold any stake in RCT India.
• Pursuant to Term Sheet dated 10 September 2026; shareholders' agreement to be executed within 30 days.
• Governance framework to cover board composition and roles; milestones timeline to be set.
• No related party transactions; no promoter group relationship.
• No proposal to nominate a director on the listed entity's board.
• JV aims to serve BESS applications across commercial, industrial, and utility sectors.
• No termination or amendment disclosures at this time.

Meeting Details

• Date: September 16, 2026; virtual seminar organized by Morgan Stanley.
• Location: Virtual (Zoom).
• Type: Group investor meeting.

Participants

• Company management to participate.

Purpose

• Intended for institutional investors/analysts; discussions based on public information.