Outcome of Board Meeting

Date: July 9, 2026 To To The General Manager The Vice President, Department of Corporate Relations Listing Department BSE Limited The National Stock Exchange of India Limited Sir Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Bandra Dalal Street, Fort, (East), Mumbai 400 051 Mumbai -400 001 Scrip code: PREMEXPLN Scrip code: 526247 Subject: Intimation for: (a) Share Purchase Agreement for acquisition of 2,22,21,735 equity shares constituting 41.33% of the Voting Share Capital of Premier Explosives Limited; and (b) Open offer for up to 1,39,77,911 equity shares, constituting 26% of the voting share capital, at a price of INR 697.52per equity share from the public shareholders of Premier Explosives Limited. Reference: (i) Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”); and (ii) SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023, read with SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 (“SEBI Circulars”) Dear Sir/Madam, Pursuant to Regulation 30 read with Paragraph A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of Premier Explosives Limited (“Company”) at its meeting held on July 9, 2026, took note of the Share Purchase Agreement (“SPA”) entered into by and among: 1. Apollo Micro Systems Limited (“Acquirer”); 2. Mrs. Shonika Prasad and Mrs. Kailash Gupta, in their capacity as the authorized trustees of the AKS Family Trust (“Promoter”); and 3. the Company. Under the terms of the executed SPA, the Acquirer has agreed to purchase 2,22,21,735 equity shares (“Promoter Shares”) from the Promoter, representing 41.33% of the issued, subscribed, and paid-up equity voting share capital of the Company. We also wish to inform you that the consummation of the transactions contemplated under the SPA is strictly conditional upon the receipt of mandatory regulatory and statutory clearances, including approvals from the Competition Commission of India, if applicable and other conditions precedent as stipulated in the SPA, along with the completion of all compliance requirements mandated under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“SEBI SAST Regulations”). The execution of the SPA has triggered an obligation on the Acquirer to make a mandatory open offer under the SEBI SAST Regulations for the acquisition of up to 26% of the fully diluted voting equity share capital of the Company from the public shareholders (“Open Offer”). The requisite disclosure as required under Regulation 30 of the LODR Regulations read along with SEBI circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed herewith as Annexure - ‘A’. The meeting of the Board of directors commenced at 04:00 p.m. and concluded at 07:15 p.m. We request you to take the above information on your records and disseminate the same. Thanking You, For Premier Explosives Limited K. Jhansi Laxmi Company Secretary & Compliance Officer Place:Secunderabad, Hyderabad Annexure A: Disclosure of Events under Regulation 30 of LODR Regulations # PARTICULARS DETAILS 1. Name of the target entity, details in brief such Name of target entity: Premier Explosives as size, turnover etc. Limited. Turnover as on March 31, 2026: INR 38,834.14 Lakhs 2. Whether the acquisition would fall within No, the transaction is not a related party related party transaction(s) and whether the transaction and none of the promoter/ promoter/ promoter group/ group companies promoter group/ group companies have any have any interest in theentity being acquired? If interest in the entity being acquired yes, nature of interest and details thereof and whether the same is done at “arm’ s length”. 3. Industry to which the entity being acquired The Company is engaged in the business of belongs. manufacturing solid propellants for missile programs and supplying countermeasure systems to the Indian defense, aerospace, and mining sectors. 4. Objects and impact of acquisition (including but The acquisition of the Company is aligned with not limited to, disclosure of reasons for the Acquirer's long-term strategic objective to acquisition of target entity, if its business is build an integrated, end-to-end indigenous outside the main line of business of the listed defense platforms ecosystem under the entity). Government of India’s Aatmanirbhar Bharat and Make in India initiatives. 5. Brief details of any governmental or regulatory The acquisition is subject to compliance with approvals required for the acquisition. the SAST Regulations, including the mandatory open offer, fulfilment of the conditions precedent under the SPA and such other approvals including Competition Commission of India, as may be applicable 6. Indicative time period for completion of the Within 4-5 months acquisition. The Open Offer shall be completed in accordance with the provisions of the SAST Regulations. 7. Consideration - whether cash consideration or Cash consideration (by way of cheque or Bank share swap or any other form and details of the Transfer) same. 8. Cost of acquisition and/or the price at which the At a consideration of INR 697.52 per Promoter shares are acquired. Share. The Open Offer is being made at INR 697.52per equity share, which has been determined in accordance with SAST Regulations. 9. Percentage of shareholding / control acquired a. 41.33% of the voting share capital, upon and / or number of shares acquired. closing under the SPA; and b. Up to 26% of the voting share capital pursuant to the Open Offer, assuming full acceptance in the Open Offer. 10. Brief background about the entity acquired in The Company was incorporated on February terms of products/line of business acquired, 14, 1980, under the Companies Act, 1956 and is date of incorporation, history of last 3 years in the business of manufacturing solid turnover,country in which the acquired entity propellants for missile programs and supplying has presence and any other significant countermeasure systems to the Indian defense, information (in brief). aerospace, and mining sectors. The Company has operations in India. The turnover for the Company for last three years is provided below a. March 31, 2026: INR 38,834.14 Lakhs b. March 31, 2025: INR41,745.23 Lakhs c. March 31, 2024: INR27,171.67 Lakhs