Premier Explosives Limited has completed the settlement of 2,22,21,735 equity shares representing 41.33% stake to AKS Family Trust under SEBI Regulation 29. The transaction involved transfer from two individual promoters to the family trust structure, executed through SEBI exemption order under Regulation 11(5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Settlement Transaction Details

The share settlement was completed on February 18, 2026, involving transfers from existing promoters to AKS Family Trust:

The company filed the required disclosures under Regulation 29(1) and 29(2) with BSE Limited and National Stock Exchange of India Limited on February 20, 2026.

Shareholding Pattern Transformation

The settlement resulted in complete consolidation of individual promoter holdings under the family trust structure:

Company Capital Structure

Premier Explosives Limited's equity capital structure remains unchanged following the internal reorganization:

Trust Structure and Compliance

AKS Family Trust operates with Ms. Kailash Gupta and Ms. Shonika Prasad as trustees. The settlement was structured as an internal reorganization within the promoter group, maintaining the overall promoter shareholding at 41.33% while consolidating individual holdings under the family trust framework. The company emphasized that there has been no change in the total shareholding of the promoter/promoter group following the settlement, ensuring compliance with SEBI takeover regulations and proper disclosure requirements.

Premier Explosives Limited faced significant headwinds in Q3FY26, reporting a substantial decline in financial performance compared to the corresponding period last year. The company's results reflect the challenging nature of defence sector execution timing and the impact of high base effects from previous year dispatches.

Financial Performance Overview

The company's Q3FY26 performance showed marked deterioration across key metrics, primarily attributed to execution timing differences and high base effects from the previous year.

Despite the revenue decline, the company demonstrated improved operational efficiency with EBITDA margin expanding by 500 basis points to 14.3% and PAT margin increasing by 190 basis points to 7.4%.

Segment-wise Revenue Analysis

The revenue breakdown reveals the impact across both business segments, with Defence & Space services bearing the brunt of the decline.

The Defence & Space segment, which contributed 83% of 9MFY26 revenue, experienced a significant 58% YoY decline in Q3FY26. The Commercial Explosives segment showed resilience with only a 5% decline.

Nine-Month Performance Highlights

The 9MFY26 results present a more balanced picture, with the company demonstrating strong profitability improvements despite revenue challenges.

The nine-month performance showcased remarkable profit growth with PAT surging 58% YoY to Rs 392 Mn and PAT margin expanding by 590 basis points to 13.1%.

Strong Order Book Position

Despite quarterly challenges, Premier Explosives maintains a robust order book position that provides strong revenue visibility.

The order book of Rs 12,946 Mn represents substantial growth from Rs 7,500 Mn in March 2025, with defence segment orders dominating at 92% of the total portfolio.

Business Outlook and Strategic Focus

The company continues to position itself as a leading manufacturer of high energy materials for defence, aerospace, and mining sectors. Premier Explosives operates six manufacturing facilities across Telangana, Madhya Pradesh, and Maharashtra, supported by a team of over 850 experienced professionals including approximately 100 engineers and scientists.

The company's strategic focus includes expanding missile integration participation under DRDO's DCPP schemes, enhancing production capacity for high explosive raw materials, and increasing export contributions in industrial and defence explosives. With India's defence budget reaching Rs 6,81,000 crore for FY26 and the government's emphasis on "Make in India" initiatives, Premier Explosives is well-positioned to capitalize on the growing domestic defence manufacturing ecosystem.