Premier Energies Limited – Share Allotment & Shareholders Agreement (NSE/BSE: PREMIERENE)

Introduction

Premier Energies Limited (SEBI Scrip Code 544238, Trading Symbol PREMIERENE) has filed an intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, notifying the execution of a Share Allotment cum Shareholders Agreement for its Battery Energy Storage System (BESS) joint venture.

Key Highlights

1. Parties to the Agreement

• Premier Battery Technologies Private Limited (PBTPL) – wholly‑owned subsidiary of Premier Energies.
• Premier Energies Storage Solutions Private Limited (PESSPL) – the joint‑venture (JV) company to be set up.
• RCT Nexor Energy Private Limited (formerly RCT Energy India Private Limited) – part of Germany’s RCT Group.

2. Purpose of the JV

• Establish, construct, install, and commission a semi‑automated / fully automated BESS manufacturing facility.
• Initial phase: 6 GWh capacity, expanding to 12 GWh (full phase) in FY 27‑28.
• Location: Seetharampur, Telangana.
• Target markets: residential, small‑business, commercial, industrial, and utility‑scale BESS applications.

3. Shareholding & Capital Structure

• The JV (PESSPL) is currently a wholly‑owned subsidiary of PBTPL.
• No shares are held by Premier Energies or any of its group entities in RCT India or other RCT Group entities.
• Equity allotment to RCT Nexor Energy: up to 15 % of the JV’s issued and paid‑up equity, released in four tranches linked to project milestones.
• Optional additional allotment: RCT Nexor Energy may subscribe to an extra 5 % equity for cash at the end of Phase I, subject to agreement terms.
• No immediate share issue is proposed.

4. Governance

• Board of PESSPL will consist of three directors: two nominees from PBTPL and one nominee from RCT Nexor Energy.
• There is no nomination of directors on the board of Premier Energies Limited (the listed entity).

5. Related‑Party and Compliance Aspects

• The parties are not related to the promoter or promoter group of Premier Energies.
• The transaction does not qualify as a related‑party transaction and is deemed to be at arm’s length.
• No conflict of interest or additional disclosures required under Regulation 30.

6. Regulatory Filing

• The intimation complies with Regulation 30 of SEBI (LODR) 2015 and the SEBI Master Circular No. HO/49/14/14(7)2025‑CFDPOD2/I/3762/2026 dated 30 January 2026.
• Annexure A (included in the filing) provides a detailed tabular summary of the agreement’s particulars.

Conclusion

Premier Energies Limited has formally disclosed the execution of a Share Allotment cum Shareholders Agreement for its strategic BESS joint venture with RCT Nexor Energy. The arrangement outlines a phased equity participation for the partner, a clear governance structure, and confirms compliance with SEBI listing regulations. No immediate equity dilution for Premier Energies shareholders is anticipated, and the transaction is not classified as a related‑party deal. Investors should note the upcoming 6 GWh Phase I plant slated for FY 27‑28, which will expand the company’s footprint in the rapidly growing energy storage market.