General Updates

Ref. No: PEL 52/2026-27 Date: September 10, 2026 To To The Secretary The Manager, BSE Limited Listing Department Phiroze Jeejeebhoy Towers, National Stock Exchange of India Limited Dalal Street, Exchange Plaza, C-1, G Block, Bandra-Kurla Mumbai – 400001 Complex, Bandra (East), Mumbai – 400 051 Scrip Code: 544238 Trading Symbol: PREMIERENE Dear Sir/Madam, Sub: - Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 – Execution of Binding Term Sheet for BESS Manufacturing Joint Venture Pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we hereby inform that Premier Battery Technologies Private Limited (PBTPL), a wholly-owned subsidiary of the Company, has entered into a binding Term Sheet on 10th September, 2026, with RCT Energy India Private Limited (RCT India), part of RCT Group, Germany, for establishing Premier Energies Storage Solutions Private Limited (PESSPL), as a strategic joint venture company of PBTPL and RCT India, for setting up a 12 GWh BESS manufacturing facility including the first phase, with a capacity of 6 GWh plant, expected to be set up in FY 27-28 at Seetharampur, Telangana. The proposed joint venture company will cater to a range of BESS applications across commercial, industrial and utility-scale segments. Additional information as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read along with the SEBI Master Circular No. HO/49/14/14(7)2025- CFDPOD2/I/3762/2026 dated January 30, 2026, is enclosed as Annexure A. This is for your information and records. Thanking you, Yours truly, For Premier Energies Limited Hitesh Kumar Jain Company Secretary & Compliance Officer Annexure A Details under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read along with the SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026 S. No. Particulars Details 1. Name(s) of parties with Premier Battery Technologies Private Limited (PBTPL), whom the agreement is Premier Energies Storage Solutions Private Limited entered; (PESSPL) and RCT Energy India Private Limited (RCT India), part of RCT Group, Germany. 2. Purpose of entering into the The parties have entered into a binding Term Sheet on 10th agreement; September, 2026, for establishing a strategic joint venture for the design, manufacture and sale of Battery Energy Storage System (BESS) in India and international markets. 3. Shareholding, if any, in the The Company or PBTPL or PESSPL or any of group entity entity with whom the does not hold any shareholding in RCT India. agreement is executed; 4. Significant terms of the The parties agreed to endeavour to achieve execution of the agreement (in brief) special applicable agreements including the Shareholders’ rights like right to appoint Agreement between the parties within 30 days from signing directors, first right to share of the Term Sheet. The terms also include the proposed subscription in case of shareholding of the parties, governance framework including issuance of shares, right to the composition of the Board of Directors, the respective restrict any change in capital roles and responsibilities of the parties to the Term Sheet and structure etc.; the timeline for various milestones. 5. Whether, the said parties are No related to promoter/ promoter group/ group companies in any manner. If yes, nature of relationship; 6. Whether the transaction No would fall within related party transactions? If yes, whether the same is done at “arm’s length”; 7. In case of issuance of shares PBTPL and RCT India agreed to have 85% and 15% Equity to the parties, details of issue Shares of PESSPL, respectively, in phased manner, issued in price, class of shares issued; compliance of the applicable laws, with an option to RCT India for a 5% additional shareholding of PESSPL i.e. 80% and 20% shareholding of PBTPL and RCT India, respectively. 8. Any other disclosures related There is no proposal to nominate any director(s) on the to such agreements, viz., Board of Directors of the Company (listed entity), details of nominee on the accordingly, other details not applicable. board of directors of the listed entity, potential conflict of interest arising out of such agreements, etc.; 9. In case of termination or Not Applicable amendment of agreement, listed entity shall disclose additional details to the stock exchange(s)