Premier Energies Unit to Acquire 26% Stake in Hexa Energy BH Five for ₹68.70 Crore

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:

Parameter: Details Acquirer: Premier Energies Global Environment Private Limited (Wholly Owned Subsidiary) Target Entity: Hexa Energy BH Five Private Limited Stake to be Acquired: Minimum 26% Transaction Value: ₹68.70 crore Consideration Type: Cash Indicative Timeline: 16 months from date of agreement execution Regulatory Approvals Required: None Related Party Transaction: No

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:

Parameter: Details Name: Hexa Energy BH Five Private Limited Industry: Generation and Transmission of Renewable Energy Date of Incorporation: April 09, 2025 Authorized Share Capital: ₹15,00,000 Paid-Up Share Capital: ₹2,00,000 Registered Office: 8th Floor, Tower B, Vatika Business Park, Sector 49, Gurgaon, Haryana — 122018 Turnover (Last 3 Years): Not applicable

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.

AI Summary

Premier Energies Limited has allotted 9,57,142 equity shares of face value ₹1 each to the PEL ESOP Trust under the Employee Stock Option Plan 2025. The shares were allotted at an exercise price of ₹700 per share, including a premium of ₹699 per share. Following this allotment, the company's paid-up share capital increased from ₹45,29,94,368 to ₹45,39,51,510, with total issued shares rising to 45,39,51,510. The allotment was approved by the Nomination and Remuneration Committee on April 20, 2026, and is part of the first phase of the ESOP scheme, which allows for issuance of up to 45,00,000 shares. The shares rank pari passu with existing shares and are listed on both BSE and NSE.

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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

Parameter Details Number of shares allotted 9,57,142 equity shares Face value per share ₹1 Exercise price per share ₹700 Premium per share ₹699 Date of allotment April 20, 2026 Distinctive numbers 45,29,94,369 to 45,39,51,510 ISIN Number INE0BS701011

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.

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