NSEGeneral Updates21 Aug 2026 · 21 Aug 2026, 05:51 pm
General Updates
Premier Explosives Limited · PREMEXPLN
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Apollo Micro Systems Limited has been permitted by SEBI to commence the open offer for acquisition of up to 26% stake in Premier Explosives Limited at Rs 698 per share, with the tendering period to start within 12 working days from the receipt of approval from the Competition Commission of India.
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Growth Catalyst2/10
Governance Concern1/10
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Full Announcement
Premier Explosives Limited has informed the Exchange about Open Offer- Updates
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PREMEXPLN_21082026175102_BSENSESEBIExtension21082026.pdf
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ISO9001 REGISTERED
Premier
Explosives ~ MGMlSYS.
. ~ AvAC024
DNVCertification B.V.The Netherlands
limited
August 21, 2026
To To
The General Manager The Vice President,
Department of Corporate Relations listing Department
BSE Limited The National Stock Exchange of India
Sir Phiroze Jeejeebhoy Towers, Limited
Dalal Street, Fort, Exchange Plaza, Bandra Kurla Complex,
Mumbai -400 001 Bandra (East), Mumbai 400 051
Scrip code: 526247 Scrip code: PREMEXPLN
Dear Sir/Madam,
Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015
We wish to inf~rm you that the Manager to the Open Offer has received a letter dated August
21, 2026 from the Securities and Exchange Board of India (USEBI")in relation to the open offer
in terms of Regulation 3(1) and 4 and other applicable provisions of the Securities and
Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011,
as amended (USEBI(SAST) Regulations"), made by Apollo Micro Systems Limited (UAcquirer")
for acquisition of up to 1,39,77,911 fully paid-up equity shares of face value of INR 2/- each
(UEquity Shares") of Premier Explosives Limited (UTarget Company"), representing 26.00% of
the Equity Share Capital of the Target Company at price of INR 698/- per Equity Share, from the
public shareholders of the Target Company under the SEBI (SAST) Regulations.
Pursuant to the aforesaid letter, SEBI has permitted the tendering period for the Open Offer to
commence not later than twelve working days from receipt of the approval of the Competition
Commission of India. The payment to all successful public shareholders who tender their Equity
Shares in the Open Offer shall be made within ten working days from the last date of the
tendering period, subject to the Acquirer paying interest for the said delay at the rate of ten
percent per annum. Further, you are requested to disseminate the above information to the
public.
A copy of the aforesaid letter is enclosed herewith for your information and records.
Thanking you,
Yours faithfully,
For Premier Explosives Limited
K. Jhansi Laxmi
Company Secretary
Encl: a/a
Regd. Office: "Premier House", # 11, Ishaq Colony, Near AOC Centre, Secunderabad - 500 015. (T.G.) INDIA
Ph. No. :040-66146801 to 6803,6851 Fax: +91-40-66146839, +91-40-27843431Email :investors@pelgel.com
Website: www.pelgel.com CIN : L24110TG1980PLC002633
HO/49/12/11(83)2026-CFD-RAC-DCR2 I/19352/2026
नि(cid:8)गम नि(cid:11)त्त नि(cid:11)भाग / CORPORATION FINANCE DEPARTMENT
नि(cid:8)गम पु(cid:8)र्सं(cid:18)रच(cid:8)ा प्रभाग-2/ Division of Corporate Restructuring - 2
दरू भाष र्संं. / Tel. 022 – 2075 2129
ई-मेल / E-mail – karthikp@sebi.gov.in
August 21, 2026
Hetal Gajra
Cumulative Capital Private Limited
B 309-311 215 Atrium, Co Op Premises,
Andheri Kurla Road, Near Courtyard Marriot Hotel,
Mumbai, Maharashtra – 400093.
Dear Sir / Madam,
/ Sub.: ( ) , 2011 [
( ) , 2011] , Apollo Micro Systems
Limited ( ) Premier Explosives Limited [ ( ) ]
( ) ( )
Open Offer for acquisition of equity shares of Premier Explosives Limited by Apollo
Micro Systems Limited in terms of the Securities and Exchange Board of India
(Substantial Acquisition of Shares and Takeovers) Regulations, 2011
1. 17, 2026 , -
This is with reference to your letter dated August 17, 2026 inter alia requesting for
extension of time to proceed with the open offer formalities pending receipt of approval
of the Competition Commission of India and for grant of waiver from payment of
applicable interest on the offer price.
2. ( )
- ( )
- [ ( )
- ] , 10%
SEBI Bhavan, "G" Block, Bandra Kurla Complex, Mumbai – 400 051
www.sebi.gov.in |022 - 2644 9000 / 4045 9000
HO/49/12/11(83)2026-CFD-RAC-DCR2 I/19352/2026
The tendering period for the Open Offer may commence not later than twelve working
days from the receipt of approval of the Competition Commission of India. The payment
to all successful Public Shareholders who tender their Equity Shares in the Open Offer,
shall be made within the specified timeframe of ten working days from the last date of
the tendering period subject to the acquirer paying interest for the said delay at ten per
cent per annum.
3. [ ( ) ] ,
2015 [ ( ) , 2015] 30
You are advised to ensure that the contents of the aforesaid letter are immediately
disseminated on the stock exchange(s) in accordance with Regulation 30 of Securities
and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015.
4. ( )
You are advised to ensure compliance of the above and make necessary disclosures.
/ Yours faithfully,
भ(cid:11)दीय
KARTHIK S P
SEBI Bhavan, "G" Block, Bandra Kurla Complex, Mumbai – 400 051
www.sebi.gov.in |022 - 2644 9000 / 4045 9000