Premier Energies ' wholly owned subsidiary, Premier Energies Global Environment Private Limited, has approved entering into a Share Subscription and Shareholders' Agreement (SSSHA) to acquire a minimum 26% equity stake in Hexa Energy BH Five Private Limited for ₹68.70 crore. The Board of Directors of the subsidiary approved the transaction on May 04, 2026. The acquisition is structured to be completed in one or more tranches via cash consideration, with an indicative timeline of 16 months from the date of execution of the agreement, subject to satisfactory completion of conditions precedent and closing conditions.

Deal at a Glance

The following table summarizes the key parameters of the proposed acquisition:

Purpose of the Acquisition

The proposed acquisition is intended to meet the energy requirements for captive power consumption of the subsidiary's Solar PV Cell Manufacturing Project at its manufacturing facility located in Naidupeta, Andhra Pradesh. Hexa Energy BH Five Private Limited is engaged in the generation and transmission of renewable energy, making it a strategic fit for supporting the subsidiary's manufacturing operations. The transaction does not fall under a related party transaction, and no promoter, promoter group, or group companies of Premier Energies have any interest in the entity being acquired.

About the Target Entity

Hexa Energy BH Five Private Limited is a company incorporated under the laws of India, with its registered office located at 8th Floor, Tower B, Vatika Business Park, Sector 49, Gurgaon, Haryana — 122018. The following table outlines the key details of the target entity:

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the relevant SEBI circulars.

Premier Energies Limited has allotted 9,57,142 equity shares to the PEL ESOP Trust under the Employee Stock Option Plan 2025. The allotment was approved by the Nomination and Remuneration Committee at its meeting held on April 20, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The equity shares, each with a face value of ₹1, have been fully paid-up and allotted at an exercise price of ₹700 per share, which includes a premium of ₹699 per share. The shares will be transferred to eligible employees upon the exercise of stock options granted under the scheme. This allotment is part of the first phase of the ESOP scheme, wherein the committee had previously approved the issuance of up to 45,00,000 equity shares to the PEL ESOP Trust.

Key Details of the Allotment

The allotment has been carried out in compliance with the limits prescribed under Section 67(3) of the Companies Act, 2013. The shares allotted to the ESOP Trust rank pari passu with the existing shares of the company, subject to applicable laws.

Impact on Share Capital

Consequent to the allotment, the paid-up share capital of the company has increased. The total issued shares now stand at 45,39,51,510 equity shares of ₹1 each, aggregating to ₹45,39,51,510. Previously, the paid-up share capital was 45,29,94,368 equity shares of ₹1 each, amounting to ₹45,29,94,368.

The company's shares are listed on both BSE Limited (Scrip Code: 544238) and National Stock Exchange of India Limited (Trading Symbol: PREMIERENE). The requisite disclosures under Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, and Regulation 30 of the SEBI Listing Regulations have been enclosed with the filing.