Date: September 17, 2026
Subsidiary Update
Premier Energies Limited has intimated the completion of voluntary winding-up of IBD Solar Powertech (Pvt.) Ltd ("IBD"), its step-down wholly owned subsidiary incorporated in Bangladesh under the Companies Act, 1994.
Subsidiary Background
- IBD was incorporated to operate and carry on the business of solar power plant
- The subsidiary had no revenue or commercial operations
- IBD filed an application for voluntary winding-up by way of strike off of name on October 10, 2023 with the Office of the Registrar of Joint Stock Companies and Firms, Bangladesh
Winding-Up Completion
- On September 16, 2026, IBD received the winding-up certificate from the Office of the Registrar of Joint Stock Companies and Firms, Bangladesh
- The winding-up is effective from September 13, 2026
- The certificate confirms the formal completion of the winding-up process
Financial Impact Assessment
As required under SEBI LODR Regulation 30 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026:
Financial Contribution (as of March 31, 2026):
- Revenue from operations: ₹ Nil
- Revenue percentage: NIL
- Net Worth: (₹2.09 lakh) [negative value]
- Net Worth percentage: Nil
Transaction Details
- Date of agreement for sale: Not Applicable
- Expected date of completion of sale/disposal: Not Applicable
- Consideration received: Not Applicable
- Buyer details: Not Applicable
- Related party transaction: Not Applicable
- Outside Scheme of Arrangement: Not Applicable
- Slump sale disclosures: Not Applicable