Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Premier Energies Limited

Meeting Details

The 31st Annual General Meeting will be held on Monday, September 21, 2026 at 11:30 A.M. (IST) through Video Conferencing (VC) / Other Audio Visual Means (OAVM) without physical presence of members at a common venue, in compliance with MCA General Circular No. 03/2025 dated September 22, 2025.

Proposed Resolutions and Implications

Ordinary Business

1. Adoption of Financial Statements: To receive, consider and adopt (a) the audited financial statement for FY 2025-26 and reports of Board of Directors and Auditors; and (b) the audited consolidated financial statement for FY 2025-26 and report of Auditors.

2. Dividend Confirmation: To confirm the first interim dividend of ₹0.25 per equity share and second interim dividend of ₹0.75 per equity share, both already paid, aggregating to ₹1.00 per equity share as final dividend for FY 2025-26.

3. Director Appointment: To appoint Mr. Sudhir Moola (DIN: 02185026), who retires by rotation, as Director of the Company.

4. Auditor Re-appointment: To re-appoint M/s. Deloitte Haskins & Sells, Chartered Accountants (Firm Registration No. 008072S) as statutory auditors for a term of 5 consecutive years from conclusion of 31st AGM till conclusion of 36th AGM in 2031.

Special Business

5. Cost Auditor Remuneration Ratification: To ratify remuneration payable to M/s. S.S. Zanwar & Associates, Practicing Cost Accountants (Firm Registration No. 100283) amounting to ₹3 lakhs plus applicable taxes for conducting cost audit for FY 2026-27.

6. Managing Director Re-appointment: To re-appoint Mr. Chiranjeev Singh Saluja (DIN: 00664638) as Managing Director for 5 years from December 19, 2026 to December 18, 2031 with remuneration including:

  • Fixed Gross Salary: ₹3.50 crore per annum
  • Variable Pay: Up to 35% of fixed salary
  • Medical Insurance: Up to ₹10 crore coverage for spouse and children
  • Company Vehicle: Up to ₹2 crore value with chauffeur
  • Gratuity and statutory benefits
  • Up to 15% annual increment

7. Chairman Re-appointment: To re-appoint Mr. Surenderpal Singh Saluja (DIN: 00664597) as Chairman and Whole-time Director for 5 years from December 19, 2026 to December 18, 2031 with remuneration including:

  • Fixed Gross Salary: ₹1.50 crore per annum
  • Variable Pay: Up to 35% of fixed salary
  • Medical Insurance: Up to ₹10 crore coverage for spouse
  • Company Vehicle: Up to ₹1.5 crore value with chauffeur
  • Gratuity and statutory benefits
  • Up to 10% annual increment

8. Capital Raising Approval: To approve raising capital up to ₹5,000 Crores through issuance of equity shares or other eligible convertible securities in one or more tranches via:

  • Qualified Institutions Placement (QIP)
  • Preferential allotment
  • Private placement
  • Other permissible modes

The funds will be utilized for:

  • Business expansion and growth initiatives
  • Working capital requirements
  • Capital expenditure of subsidiaries
  • Investment in subsidiaries
  • Repayment/refinancing of borrowings
  • General corporate purposes

Voting Process and Methods

The Company has engaged National Securities Depository Limited (NSDL) for facilitating voting through electronic means:

  • Remote e-Voting Period: Friday, September 18, 2026 (09:00 A.M.) to Sunday, September 20, 2026 (05:00 P.M.)
  • Cut-off Date: Monday, September 14, 2026 for determining voting rights
  • E-Voting during AGM: Members present through VC/OAVM who haven't voted remotely can vote during meeting
  • Voting Methods:
  • Individual shareholders in demat mode can vote through their demat accounts
  • Other shareholders can vote through NSDL e-Voting website using User ID and password

Scrutinizer Appointment

Mr. Mohit Gurjar, Practicing Company Secretary (Membership No: A20557, CoP No:18644), Partner of M/s P. S. Rao & Associates has been appointed as Scrutinizer to:

  • Scrutinize remote e-voting and e-voting process
  • Prepare consolidated Scrutinizer's Report within 2 working days of AGM conclusion
  • Ensure fair and transparent voting process

Compliance Confirmation

The AGM is conducted in compliance with:

  • Companies Act, 2013
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA Circular No. 03/2025 dated September 22, 2025
  • Secretarial Standard on General Meetings (SS-2)
  • All other applicable laws and regulations

Document Availability

The AGM Notice and Annual Report are available on:

  • Company website: www.premierenergies.com
  • BSE Limited website: www.bseindia.com (Scrip Code: 544238)
  • NSE website: www.nseindia.com (Trading Symbol: PREMIERENE)
  • NSDL website: www.evoting.nsdl.com

Additional Information

  • The facility to appoint proxy is not available for this AGM
  • Members can join the AGM 15 minutes before scheduled time through VC/OAVM
  • Attendance through VC/OAVM will be counted for quorum under Section 103 of Companies Act, 2013
  • Results and Scrutinizer's Report will be placed on company website and stock exchange websites within 2 days of resolution passing
  • Institutional shareholders must submit Board Resolution/Authority letter to Scrutinizer for voting
  • Members can submit queries in advance to investors@premierenergies.com by September 18, 2026