Premier Energies Limited has scheduled a postal ballot process to seek shareholder approval for material related party transactions (RPTs) amounting to an aggregate value of ₹76,890 million for FY2026-27. The resolutions pertain to transactions between the company and its subsidiaries, including Premier Energies International Private Limited, Premier Energies Global Environment Private Limited, and Premier Energies Photovoltaic Private Limited. The company has published newspaper advertisements in Financial Express and Nava Telangana on June 07, 2026, regarding this notice.

The Board of Directors approved the postal ballot notice on May 15, 2026. The transactions are intended to facilitate the efficient utilisation of manufacturing infrastructure, technology, and operational resources among the group entities. The Audit Committee reviewed the proposals, confirming that the transactions will be conducted at arm’s length and in the ordinary course of business.

Details of Proposed Transactions

The company has identified three specific material RPTs requiring shareholder consent. The first involves transactions between Premier Energies International Private Limited and Premier Energies Global Environment Private Limited for an aggregate value not exceeding ₹42,130 million. The second resolution covers transactions between Premier Energies International Private Limited and Premier Energies Photovoltaic Private Limited, capped at ₹23,960 million. The third resolution seeks approval for transactions between the company and Premier Energies International Private Limited, with a limit of ₹10,800 million.

E-Voting Schedule and Procedure

The remote e-voting facility will be available to shareholders whose names appear in the Register of Members or List of Beneficial Owners as of the cut-off date, May 29, 2026. The voting period begins on June 07, 2026, at 9:00 a.m. IST and concludes on July 06, 2026, at 5:00 p.m. IST. KFin Technologies Limited has been engaged as the Registrar and Transfer Agent to facilitate the e-voting process.

Mr. Mohit Gurjar, a Practicing Company Secretary and Partner of M/s P. S. Rao & Associates, has been appointed as the Scrutinizer to ensure the conduct of the postal ballot is fair and transparent. The results of the voting will be announced on or before July 08, 2026, and will be available on the company’s website and the stock exchange platforms.

Regulatory and Financial Context

The materiality threshold for seeking shareholder approval is ₹7,824.37 million, calculated as 10% of the company’s annual consolidated turnover of ₹78,243.74 million for FY2025-26. The proposed transactions exceed this threshold, necessitating the postal ballot under Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has stated that none of the related parties will vote on the resolutions.

Premier Energies has scheduled a series of meetings with institutional investors and analysts in June 2026 to discuss its business performance. The management will engage with stakeholders in Mumbai and London, adhering to regulatory disclosure norms during these interactions.

The company outlined the schedule for the upcoming conferences in a regulatory filing. The first meeting is an Institutional Investors Meet hosted by ICICI Securities, scheduled for June 9, 2026, in Mumbai. Following this, the management will participate in the India Access Days organized by Jefferies, which will take place in London from June 11, 2026, to June 12, 2026.

Premier Energies clarified that the schedule for these conferences is subject to change due to exigencies on the part of analysts, institutional investors, organizers, or the company. The company emphasized that discussions during these meets will be based exclusively on publicly available information. No unpublished price-sensitive information will be shared during the interactions.

The intimation was submitted to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Hitesh Kumar Jain, the Company Secretary & Compliance Officer, signed the disclosure on behalf of Premier Energies Limited.