Premier Energies Limited has secured shareholder approval for three material related party transactions following the conclusion of a remote e-voting process on July 06, 2026. The resolutions were passed with the requisite majority, receiving 99.99% of the total valid votes cast. The approvals authorize specific transactions involving the company and its subsidiaries, including Premier Energies International Private Limited, Premier Energies Global Environment Private Limited, and Premier Energies Photovoltaic Private Limited.

The postal ballot process was conducted in accordance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Sections 108 and 110 of the Companies Act, 2013. Mohit Gurjar, Partner of M/s. P. S. Rao & Associates, Practicing Company Secretaries, served as the Scrutinizer for the process. The e-voting facility was provided by KFin Technologies Limited, with the voting period commencing on June 07, 2026, and ending on July 06, 2026.

A total of 124,844,789 votes were polled across all three resolutions, representing 27.56% of the total outstanding shares. The public institutional shareholders participated actively, casting 123,927,305 votes, while public non-institutional shareholders cast 917,484 votes. Promoters and the promoter group did not participate in the voting process for any of the resolutions.

The detailed voting results for the three ordinary resolutions are summarised below:

The record date for determining the eligibility of shareholders to vote was May 29, 2026. The notices for the postal ballot were dispatched to shareholders via email on June 06, 2026, and public notices were published in the Financial Express and Nava Telangana on June 07, 2026. The scrutinizer confirmed that the votes were unblocked in the presence of two witnesses not employed by the company.

Premier Energies Ltd has approved the incorporation of a wholly owned subsidiary to expand its operations into the battery energy storage system (BESS) segment. The Board of Directors granted approval at its meeting held on July 02, 2026. This strategic move allows the company to diversify into battery cells, battery materials, and related electronics, hardware, and software business segments.

The newly proposed subsidiary will be incorporated with an authorised share capital of ₹10,00,000. This capital is divided into 1,00,000 equity shares with a face value of ₹10 each. The company stated that the name of the subsidiary is subject to approval by the Central Registration Centre, Ministry of Corporate Affairs, Government of India.

As part of the incorporation process, the board has approved the subscription to 50,000 equity shares. These shares, priced at ₹10 each, will aggregate to a total subscription amount of ₹5,00,000 in the proposed wholly owned subsidiary.

The disclosure was made to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additional information required under the regulations, read along with the SEBI Master Circular, will be disclosed in due course.

Key Details of the Subsidiary