Meeting Details

  • Type of Meeting: Postal Ballot through remote e-voting
  • Cut-Off Date: Friday, 29th May, 2026
  • Remote e-Voting Period: Sunday, 7th June, 2026 from 9:00 a.m. (IST) to Monday, 6th July, 2026 at 5:00 p.m. (IST)
  • Results Declaration: On or before 8th July, 2026

Proposed Resolutions and Implications

Resolution 1: Material Related Party Transaction between PEIPL and PEGEPL

  • Transaction Value: Not exceeding ₹42,130 million during FY2026-27
  • Nature: Purchase/sale of goods/services and inter-corporate loans
  • Purpose: Efficient utilization of manufacturing infrastructure and operational resources
  • FY2025-26 Transaction Value: ₹20,669.36 million

Resolution 2: Material Related Party Transaction between PEIPL and PEPPL

  • Transaction Value: Not exceeding ₹23,960 million during FY2026-27
  • Nature: Purchase/sale of goods/services
  • Purpose: Optimal utilization of available capacity and technology sharing
  • FY2025-26 Transaction Value: ₹16,765.16 million

Resolution 3: Material Related Party Transaction between Company and PEIPL

  • Transaction Value: Not exceeding ₹10,800 million during FY2026-27
  • Nature: Purchase/sale of goods/services and inter-corporate loans
  • Purpose: Meeting working capital requirements and funding inorganic growth
  • FY2025-26 Transaction Value: ₹2,007.61 million (only sales to PEIPL)

Voting Process and Methods

  • Voting Method: Remote e-voting only (no physical polling)
  • Service Provider: KFin Technologies Limited
  • Eligibility: Members as on Cut-Off Date (29th May, 2026)
  • Voting Rights: Proportional to paid-up equity share capital as on Cut-Off Date
  • No proxy voting allowed

Key Voting Outcomes

  • Total votes cast: To be determined after voting period
  • Percentage in favor/against: To be announced with results
  • Participation breakdown: To be provided by scrutinizer
  • Results will be displayed on company website (www.premierenergies.com) and KFin Tech website (https://evoting.kfintech.com)

Scrutinizer's Role and Findings

  • Name: Mr. Mohit Gurjar, Practicing Company Secretary (Membership No: A20557, CoP No:18644)
  • Firm: M/s P. S. Rao & Associates, Company Secretaries, Hyderabad
  • Responsibilities: Conduct postal ballot process fairly and transparently, validate votes, submit report within 2 working days after e-voting ends
  • Decision on vote validity is final

Compliance with Laws and Regulations

  • Companies Act, 2013 (Sections 110, 108)
  • Companies (Management and Administration) Rules, 2014 (Rules 20, 22)
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulations 30, 44)
  • Secretarial Standard on General Meetings (SS-2)
  • MCA Circulars: 14/2020, 17/2020, and latest 3/2025 dated September 22, 2025
  • SEBI Master Circular dated January 30, 2026 and SEBI circular dated June 26, 2025

Additional Financial Information

Materiality Threshold

  • Consolidated turnover (FY2025-26): ₹78,243.74 million
  • Materiality threshold (10% of turnover): ₹7,824.37 million
  • All proposed transactions exceed materiality threshold

Company Financials (FY2025-26)

  • Premier Energies Limited: Consolidated turnover ₹78,243.74 million
  • PEIPL: Turnover ₹45,407.28 million, PAT ₹4,406.82 million, Net worth ₹7,751.49 million
  • PEGEPL: Turnover ₹27,362.36 million, PAT ₹3,026.97 million, Net worth ₹17,882.88 million
  • PEPPL: Turnover ₹42,786.06 million, PAT ₹6,556.19 million, Net worth ₹14,276.34 million

Credit Ratings

  • PEGEPL: CARE A; Stable / CARE A1 (Assigned)
  • Premier Energies Limited: CARE A+; Stable / CARE A1+ (Assigned)

Distribution Method

  • Notice sent only in electronic form to members with registered email addresses
  • Available on company website: www.premierenergies.com
  • Also available on stock exchange websites: BSE (www.bseindia.com) and NSE (www.nseindia.com)