Premier , a company currently undergoing Corporate Insolvency Resolution Process (CIRP), convened its twentieth Committee of Creditors (CoC) meeting on October 27, 2025. The meeting, which lasted from 4:00 PM to 4:50 PM, was held under the supervision of Resolution Professional Kanak Jani.

Meeting Details

Regulatory Compliance

In adherence to regulatory requirements, Premier promptly notified the stock exchanges about the conclusion of the meeting. This disclosure aligns with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and specifically complies with Clause 16(g) of Part A of Schedule III of LODR.

Company Status

Premier is currently navigating through the Corporate Insolvency Resolution Process, a structured approach under Indian insolvency laws designed to resolve the debt issues of financially distressed companies. The ongoing CIRP and the regular CoC meetings indicate that the company is actively working towards addressing its financial challenges and exploring potential resolutions.

Resolution Professional

Kanak Jani, the appointed Resolution Professional overseeing the CIRP for Premier, holds the following credentials:

The Resolution Professional plays a crucial role in managing the company's affairs during the CIRP and facilitating negotiations between creditors and potential investors.

While the specific outcomes of the meeting were not disclosed, these regular CoC meetings are typically held to discuss and decide on various aspects of the insolvency resolution process, including potential resolution plans, operational decisions, and strategies to maximize value for creditors.

Investors and stakeholders of Premier are advised to stay informed about further developments in the company's insolvency proceedings, as these may significantly impact the company's future and potential recovery.

Premier Energies Ltd has reported a significant increase in its financial performance for the second quarter, alongside plans for expansion of its solar cell manufacturing facility. The company's results show substantial growth across key financial metrics, indicating a strong position in the renewable energy sector.

Financial Highlights

*Previous year figures calculated based on the reported percentage increases.

The company's financial results demonstrate robust growth, with net profit increasing by 72% year-over-year to ₹353.40 crore. Revenue from operations saw a 20.30% rise to ₹1,836.80 crore, while EBITDA grew by 47.40% to reach ₹560.70 crore. Notably, operating margins expanded significantly from 25.00% to 30.53%.

Expansion Plans

Premier Energies has announced plans to expand its Solar PV Topcon Cell manufacturing facility located in Naidupeta, Andhra Pradesh. The expansion aims to increase the facility's capacity to 7 GW, with an additional investment of ₹502.00 crore. This investment will be made through the company's subsidiary, Premier Energies Global Environment Pvt Ltd.

Key points of the expansion plan include:

• The expansion will be financed through internal accruals
• The investment will be spread over FY26-27
• The move is expected to strengthen the company's position in the solar energy sector

Industry Developments

The solar energy industry in India may see a boost due to recent regulatory changes. The GST reduction on solar cells, modules, and inverters from 12% to 5% is expected to have positive implications:

• Lower project costs for solar installations
• Potential increase in consumer demand for solar products

Market Response

Prior to the earnings announcement, Premier Energies' shares closed at ₹1,090.20 on the NSE, showing a marginal decline of 0.89%. The market's reaction to the strong financial results and expansion plans will be closely watched in the coming trading sessions.

The company's performance and expansion plans reflect the growing importance of renewable energy in India's power sector. As Premier Energies continues to invest in increasing its manufacturing capabilities, it positions itself to capitalize on the expected growth in solar energy adoption across the country.