Premier Energies Ltd

🏢 Premier Energies sets up Singapore subsidiary, reorganizes battery business under PBTPL

- Wholly-owned subsidiary in Singapore: PE Horizon Pte. Ltd., ODI up to SGD 1,00,000, initial SGD 10,000.

- Intra-group share swap: entire PESSPL stake transferred to PBTPL.

- No change in ultimate beneficial ownership after share swap.

- Cost of acquisition: ₹85,05,790 (8,50,579 shares of ₹10 each) via share swap.

- PBTPL incorporated July 15, 2026, no turnover, 100% held by company.

- Acquired entity industry: Battery and Battery Energy Storage Systems.

- Object: consolidate battery & energy storage businesses under PBTPL.

- Consideration: non-cash, based on Net Asset Value as of Aug 31, 2026.

- Related party transaction approved at arm's length by Audit Committee.

- PBTPL's business: Battery Energy Storage System, Battery Cell, Battery Material, related electronics, hardware, software.