Agreements

Ref. No: PEL 64/2026-27 Date: October 15, 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 Share Allotment cum Shareholders Agreement for the Battery Energy Storage System (BESS) Joint Venture We have earlier vide our letter dated September 10, 2026, have informed 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. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, we hereby inform that PBTPL, RCT India (Now known as, RCT Nexor Energy Private Limited pursuant to RCT India’s change of name) and PESSPL executed a Share Allotment cum Shareholders Agreement on October 15, 2026 (Agreement), setting out the terms governing the joint venture. 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 (a) Premier Battery Technologies Private Limited (PBTPL); whom the agreement is (b) Premier Energies Storage Solutions Private Limited entered; (PESSPL or “JV Company”); and (c) RCT Nexor Energy Private Limited (formerly known as RCT Energy India Private Limited) (“RCT India”), part of the RCT Group, Germany. 2. Purpose of entering into the To establish and operate a joint venture through the JV agreement; Company for establishing, constructing, installing and commissioning a semi-automated and/or fully automated Battery Energy Storage Systems (“BESS”) manufacturing facility for the production and assembly of BESS products for residential, small business, commercial, industrial and utility-scale applications, and for the sale of such products. 3. Shareholding, if any, in the The Company and none of its group entity holds any shares entity with whom the in RCT India and/or any RCT Group entity. agreement is executed; The JV Company is currently a wholly owned subsidiary of PBTPL. 4. Significant terms of the The JV Company’s Board will comprise two nominees of agreement (in brief) special PBTPL, one nominee of RCT India. rights like right to appoint directors, first right to share The Agreement inter alia provides for milestone-linked subscription in case of allotment of equity shares aggregating to 15% of the JV issuance of shares, right to Company’s issued and paid-up equity share capital to RCT restrict any change in capital India in four tranches. RCT India has right, but not the structure etc.; obligation, to subscribe for an additional 5% equity interest for cash consideration at the end of Phase I of the project, subject to the terms of the Agreement. 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 No immediate issue of shares proposed. to the parties, details of issue price, class of shares issued; 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)