PREMIERENE2026-09-02PREMIERENE2026-09-022026-09-02iso4217:INRxbrli:pure

544238

Premier Energies Limited

PREMIERENE

NOTLISTED

INE0BS701011

New

Acquisition (including agreement to acquire)

true

2026-09-01

17:16:00

2026-09-02

Premier Energies Limited

Listed Entity (self)

Premier Battery Technologies Private Limited

true

2026-09-01

false

true

PBTPL is a wholly owned subsidiary of the Company and is therefore a related party of the Company under Regulation 2(1)(zb) of the SEBI LODR Regulations. No promoter/promoter group/group companies, other than the Company itself (which already holds 100% shares of PBTPL), has any interest in PBTPL. The transaction has been approved by the Audit Committee of the Company as a Related Party Transaction under Regulation 23 of the SEBI LODR Regulations, on the basis of the fair value of the equity shares of PBTPL and PESSPL, as independently determined by a Registered Valuer, and is on an arm's length basis.

true

Battery and Battery Energy Storage Systems Sector

The proposed transaction is an intra-group shareholding reorganization undertaken to consolidate the Company's battery and energy storage-related businesses under a single sub-holding structure (PBTPL) and to simplify the Company's corporate holding structure. As consideration for transferring its entire shareholding in PESSPL to PBTPL, the Company will be allotted further equity shares of PBTPL, which will thereby become the intermediate holding company of PESSPL. PBTPL's business (battery and energy storage) is aligned with the Company's diversification into battery and energy storage solutions and is not outside the Company's line of business. The Company will continue to hold 100% of PBTPL before and after the proposed transaction, with no change in its ultimate beneficial ownership or economic interest.

false

Approximately 60 days from the date of this disclosure.

Others

The consideration is entirely non-cash and shall be discharged by way of a share swap.

8500000

PBTPL was incorporated on July 15, 2026 with the object of carrying on business activities into the Battery Energy Storage System, Battery Cell, Battery Material, and related electronics, hardware, and software business segments. PBTPL is yet to commence commercial operations and has no turnover as of the date of this disclosure. PBTPL presently has its operations and presence in India.

India