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/Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_05/4260647-003_Cover_Yash Shah Q2 FY 2027 Results 4 November 2026
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COLOR PALETTE Text 50 56 62 Title bar/Bullets 12 57 111 ACCENTS 1 12 57 111 115 172 240 2 108 191 78 196 229 184 3 222 158 54 242 216 175 4 219 80 74 241 185 183 5 101 142 156 193 210 215 6 191 191 191 229 229 229 Hyperlink 12 57 111 115 172 240 Followed Hyperlink 108 191 78 196 229 184 Lines 50 56 62 Highlights 12 57 111 TABLE /Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 2 Disclaimer This presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. Certain matters discussed in this presentation may contain statements regarding the Company’s market opportunity and businessprospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance of the Companyand are subject to known and unknown risks, uncertainties, and assumptions that are difficult to predict by the Company. These risks and uncertainties include but are not limited to, performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and worldwide competition, the Company’s ability to successfully implement its strategy, Company’s growth plans, technological changes, changes in business and marketenvironment, income or cash flows, governmental policies, as well as other business risks. The Company may alter, modify or otherwise make any changes to its business based on its judgement at any time. This communication is for general purposes only, without any regard to specific objectives, situations and needs of any person. The Company does not accept any liability, direct or indirect, that may arise from the use of any information herein.
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COLOR PALETTE Text 50 56 62 Title bar/Bullets 12 57 111 ACCENTS 1 12 57 111 115 172 240 2 108 191 78 196 229 184 3 222 158 54 242 216 175 4 219 80 74 241 185 183 5 101 142 156 193 210 215 6 191 191 191 229 229 229 Hyperlink 12 57 111 115 172 240 Followed Hyperlink 108 191 78 196 229 184 Lines 50 56 62 Highlights 12 57 111 TABLE /Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 3 Q2 FY 2027 highlights About Us Note: All financial parameters are shown on a consolidated basis. Revenue 26,560 INR Mn +38.2% YOY , +5.9% QOQ EBITDA 7,600 INR Mn +17.8% YOY , +0.1 % QOQ 28.6% Margin PAT 4,624 INR Mn +30.8% YOY , -2.0% QOQ 17.4% Margin Module production 1,199 MW Cell production 916 MW Order book 10,729 MW CFO / PAT 0.72 Total Debt / Equity 0.72 Credit rating A+/ A1 (positive) CRISIL Cell capacity 10.6 GW Module capacity 11.1 GW Ingot-wafers 10 GW Aluminium frames 18,000 MMT BESS containers 12 GWh166 INR Bn Transformer production 761MVA Under Construction Transformer capacity 10.75GVA → 16.75 GVA
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COLOR PALETTE Text 50 56 62 Title bar/Bullets 12 57 111 ACCENTS 1 12 57 111 115 172 240 2 108 191 78 196 229 184 3 222 158 54 242 216 175 4 219 80 74 241 185 183 5 101 142 156 193 210 215 6 191 191 191 229 229 229 Hyperlink 12 57 111 115 172 240 Followed Hyperlink 108 191 78 196 229 184 Lines 50 56 62 Highlights 12 57 111 TABLE /Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 4 A platform for growth About Us T echnology leadership • 30 years of manufacturing experience; strong in-house design and engineering capabilities • Amongst the highest throughput rates • Early adopter of next-generation technologies Strong governance • Integrity and ethical leadership from the top • Leadership in ESG compliance and community engagement • Largest cell-module integrated manufacturer in the country • Leveraging business scale and deep supplier relationships to drive down costs – amongst the lowest capital and operating costs in the industry Experienced management Financial discipline Focused growth strategy • Leveraging core strengths in hi-tech solar manufacturing • Disciplined expansion into adjacent areas with prudent capital allocation • Prudent capital structure • Robust risk management • A+/A1 credit rating (positive outlook) from CRISIL Scale advantage • Stable and proficient management team • Focus on grooming internal talent with mentorship and upskilling programmes
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/Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 5 03 Business updates 04 Financial performance 05 Company background AG E N DA 02 Industry highlights01 Sustainability and ESG
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/Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 6 INDUST RY HIGHLIGH TS
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COLOR PALETTE Text 50 56 62 Title bar/Bullets 12 57 111 ACCENTS 1 12 57 111 115 172 240 2 108 191 78 196 229 184 3 222 158 54 242 216 175 4 219 80 74 241 185 183 5 101 142 156 193 210 215 6 191 191 191 229 229 229 Hyperlink 12 57 111 115 172 240 Followed Hyperlink 108 191 78 196 229 184 Lines 50 56 62 Highlights 12 57 111 TABLE /Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 7 Industry Highlights Steady growth in capacity addition Source: MNRE | Note: Solar pump size is assumed at an average of 5 kW to estimate installed capacity. 3,661 5,288 7,103 7,781 10,602 11,085 8,478 14,451 11,891 8,900 Q1 FY2025 Q2 FY2025 Q3 FY2025 Q4 FY2025 Q1 FY 2026 Q2 FY 2026 Q3 FY 2026 Q4 FY 2026 Q1 FY 2027 Q2 FY 2027 1,843 1,968 2,068 1,410 Q3 FY 2026 Q4 FY 2026 Q1 FY 2027 Q2 FY 2027 Component A Component B Component C 1,744 2,224 3,332 4,478 Q3 FY 2026 Q4 FY 2026 Q1 FY 2027 Q2 FY 2027 Maharashtra UP Gujarat Rajasthan Kerala Others Solar capacity addition PM-Surya Ghar Yojana installations Estimated KUSUM installations MW AC MW MW
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COLOR PALETTE Text 50 56 62 Title bar/Bullets 12 57 111 ACCENTS 1 12 57 111 115 172 240 2 108 191 78 196 229 184 3 222 158 54 242 216 175 4 219 80 74 241 185 183 5 101 142 156 193 210 215 6 191 191 191 229 229 229 Hyperlink 12 57 111 115 172 240 Followed Hyperlink 108 191 78 196 229 184 Lines 50 56 62 Highlights 12 57 111 TABLE /Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 8 Industry Highlights Middle East conflict reshapes energy security priorities Source: CEA, Ministry of Coal, Ministry of Power, MNRE, MOPNG, Department of Atomic Energy, Press Information Bureau 8.1% 9.6% 7.7% 4.3% 0.9% 9.3% FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 YTD Annual growth in power demand After Hormuz, we need to move away from oil and gas wherever we can. Whether we like it or not, renewable energy is a reality and key to our energy security. - Secretary, Ministry of Power, Government of India Renewables Renewed thrust on storage and grid capacity expansion Coal gasification 100 MT coal gasification target by 2030 with a financial outlay of INR 460 Bn CBG New scheme with INR 237 Bn outlay, blending obligation and fixed price Nuclear power 100 GW target by 2047 with INR 200 Bn for indigenous SMR deployment
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COLOR PALETTE Text 50 56 62 Title bar/Bullets 12 57 111 ACCENTS 1 12 57 111 115 172 240 2 108 191 78 196 229 184 3 222 158 54 242 216 175 4 219 80 74 241 185 183 5 101 142 156 193 210 215 6 191 191 191 229 229 229 Hyperlink 12 57 111 115 172 240 Followed Hyperlink 108 191 78 196 229 184 Lines 50 56 62 Highlights 12 57 111 TABLE /Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 9 Industry Highlights Electrification of economy underway Source: Energy Statistics India, MOSPI | Note: Others includes residential, commercial and agricultural use. 1% 1% 2% 3% 4% 4% 5% 6% 7% 8% 10% 18% 19% 19% 21% 21% 22% 22% 23% 23% 23% FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 0 50 100 150 200 250 300 Coal + Lignite Oil Products Natural Gas Electricity Industry Transport Others FY 2025 energy consumption by source and application MMT oil equivalent Potential replacement with electric mobility Potential replacement with green hydrogen and electric heating Potential replacement with electric cooking Electricity currently accounts for just 22% of India’s total energy consumption. To reach net-zero and support the nation’s economic transformation, the power sector is tasked with expanding this share to 45-50% by 2047. - Chairperson, Central Electricity Authority, Government of India Increasing share of solar power in the grid Increasing share of power in the energy mix
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COLOR PALETTE Text 50 56 62 Title bar/Bullets 12 57 111 ACCENTS 1 12 57 111 115 172 240 2 108 191 78 196 229 184 3 222 158 54 242 216 175 4 219 80 74 241 185 183 5 101 142 156 193 210 215 6 191 191 191 229 229 229 Hyperlink 12 57 111 115 172 240 Followed Hyperlink 108 191 78 196 229 184 Lines 50 56 62 Highlights 12 57 111 TABLE /Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 10 Industry Highlights Battery storage market scaling up 0 0.4 0.6 3.8 1.9 1.2 0.4 0.1 4.5 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 Source: IESA | Note: Under construction capacity excludes RTC and FDRE projects where storage capacity information is not available. Tender status 30 Sep 2026 Monthly capacity addition GWh Under construction 49 GWh Awarded 23 GWh Open tenders 55 GWh Category 1 236 GWh National Electricity Plan FY 2032 target Market opportunity & policy tailwinds • CEA proposes 4-hour co-located BESS for 10% of capacity for solar and wind projects commissioned post July 2029 • 100% ISTS charge waiver for co-located BESS projects commissioned by 30 June 2028 • Energy Storage Obligation trajectory rising from 1% in FY 2024 to 4% by FY 2030 • INR 181 Bn PLI outlay for 50 GWh domestic battery cell manufacturing
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COLOR PALETTE Text 50 56 62 Title bar/Bullets 12 57 111 ACCENTS 1 12 57 111 115 172 240 2 108 191 78 196 229 184 3 222 158 54 242 216 175 4 219 80 74 241 185 183 5 101 142 156 193 210 215 6 191 191 191 229 229 229 Hyperlink 12 57 111 115 172 240 Followed Hyperlink 108 191 78 196 229 184 Lines 50 56 62 Highlights 12 57 111 TABLE /Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 11 Industry Highlights US manufacturing policy thrust Notes: Others includes petroleum, nuclear, hydro, geothermal, hydrogen and waste to energy. | Source: US Energy Information Administration, Wood Mackenzie, SEIA, US Department of Commerce -20 -10 0 10 20 30 40 50 60 2020 2021 2022 2023 2024 2025 Coal Natural gas Wind Solar Others Power generation capacity addition GW Minimum import prices applicable from December 2026 Total AD and CVD tariffs on major module producing nations Polysilicon 4 US ¢/W Wafers 13 US ¢/W Cells 22 US ¢/W Modules 38 US ¢/W 249.13% 147.46% 167.56% 651.85% 34.41% 375.19% 395.85% 219.10% 268.06% India Laos Indonesia Cambodia Malaysia Thailand Vietnam
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/Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 12 BUSINESS UPDATES
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COLOR PALETTE Text 50 56 62 Title bar/Bullets 12 57 111 ACCENTS 1 12 57 111 115 172 240 2 108 191 78 196 229 184 3 222 158 54 242 216 175 4 219 80 74 241 185 183 5 101 142 156 193 210 215 6 191 191 191 229 229 229 Hyperlink 12 57 111 115 172 240 Followed Hyperlink 108 191 78 196 229 184 Lines 50 56 62 Highlights 12 57 111 TABLE /Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 13 Order book As on 30 September 2026 Business Updates Note: Numbers are rounded off to the nearest whole number. 10,729 MW 166 INR Bn Split by value Order book INR Bn Split by geography 150.0 -26.3 42.2 165.9 Jun-26 Sales New orders Sep-26 Cell, 48% Module, 48% EPC, 1% Transformers, 2% Export 1% Domestic 99%
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COLOR PALETTE Text 50 56 62 Title bar/Bullets 12 57 111 ACCENTS 1 12 57 111 115 172 240 2 108 191 78 196 229 184 3 222 158 54 242 216 175 4 219 80 74 241 185 183 5 101 142 156 193 210 215 6 191 191 191 229 229 229 Hyperlink 12 57 111 115 172 240 Followed Hyperlink 108 191 78 196 229 184 Lines 50 56 62 Highlights 12 57 111 TABLE /Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 14 Business Updates Production Note: All numbers are rounded off to the nearest whole number. Effective capacity is actual installed capacity adjusted for number of working days and product specification. Effective capacity utilisation number for Q1 FY 2027 excludes the newly commissioned Seetharampur plant. Effective capacity utilizationQuarterly production 79% 83% 84% 92% 99% 79% 78% 73% 63% 55% Q2 FY 2026 Q3 FY 2026 Q4 FY 2026 Q1 FY 2027 Q2 FY 2027 Cells Modules 507 593 722 844 916961 956 918 953 1,199 Q2 FY 2026 Q3 FY 2026 Q4 FY 2026 Q1 FY 2027 Q2 FY 2027 Cells Modules MW
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COLOR PALETTE Text 50 56 62 Title bar/Bullets 12 57 111 ACCENTS 1 12 57 111 115 172 240 2 108 191 78 196 229 184 3 222 158 54 242 216 175 4 219 80 74 241 185 183 5 101 142 156 193 210 215 6 191 191 191 229 229 229 Hyperlink 12 57 111 115 172 240 Followed Hyperlink 108 191 78 196 229 184 Lines 50 56 62 Highlights 12 57 111 TABLE /Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 15 Business Updates 7 GW cell plant – commercial production to commence shortly • N-type TOPCon G12R solar cells with an average target efficiency of 25.8% • Production capacity of 88,000 solar cells per hour • AI-enabled predictive analysis, precision process control and automated material handling to enhance manufacturing efficiency • Zero Liquid Discharge system to maximise water recycling and reuse
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COLOR PALETTE Text 50 56 62 Title bar/Bullets 12 57 111 ACCENTS 1 12 57 111 115 172 240 2 108 191 78 196 229 184 3 222 158 54 242 216 175 4 219 80 74 241 185 183 5 101 142 156 193 210 215 6 191 191 191 229 229 229 Hyperlink 12 57 111 115 172 240 Followed Hyperlink 108 191 78 196 229 184 Lines 50 56 62 Highlights 12 57 111 TABLE /Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 16 Business Updates Update on other projects Aluminium frames 10 GW ingot-wafer plant Site development and civil construction in progress RCT signed as technology and equity partner Target commissioning date July 2027 Site development underway Site development activities underway Machinery orders placed Target commissioning date September 2027 6 GWh BESS – Phase I Land acquisition complete Site development and design work underway Machinery orders for first phase placed 5 GW target commissioning date December 2027 5 GW target commissioning date December 2028
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COLOR PALETTE Text 50 56 62 Title bar/Bullets 12 57 111 ACCENTS 1 12 57 111 115 172 240 2 108 191 78 196 229 184 3 222 158 54 242 216 175 4 219 80 74 241 185 183 5 101 142 156 193 210 215 6 191 191 191 229 229 229 Hyperlink 12 57 111 115 172 240 Followed Hyperlink 108 191 78 196 229 184 Lines 50 56 62 Highlights 12 57 111 TABLE /Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 17 Technology leadership India’s first All-black TOPCon DCR module 2026 Ranked 4th in the Sinovoltaics Global PV Module Manufacturer Ranking 2026 Ranked 13 in Terawatt PV’s Top 100 Global Module Manufacturers Awarded 'A' Grade in the Global Solar Module Manufacturer Ranking 2025 2025 Top performer in PV Module Reliability Scorecard India’sfirst Zero Busbar TOPCon solar cell Business Updates
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COLOR PALETTE Text 50 56 62 Title bar/Bullets 12 57 111 ACCENTS 1 12 57 111 115 172 240 2 108 191 78 196 229 184 3 222 158 54 242 216 175 4 219 80 74 241 185 183 5 101 142 156 193 210 215 6 191 191 191 229 229 229 Hyperlink 12 57 111 115 172 240 Followed Hyperlink 108 191 78 196 229 184 Lines 50 56 62 Highlights 12 57 111 TABLE /Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 18 Transcon Q2 performance Business Updates Complete range of power solutions 10.75 GVA Operational capacity 6 GVA Under construction capacity 761 MVA Production 3.3 INR Bn Order book Accreditations and certifications • Bagged first EHV order • Approved vendor status with an international major opening up a long-term growth opportunity • Total order book of INR 3.4 Bn including Neotrafo • 30% of Neotrafo orders from export market • 60% of order book with pass through of material costs
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COLOR PALETTE Text 50 56 62 Title bar/Bullets 12 57 111 ACCENTS 1 12 57 111 115 172 240 2 108 191 78 196 229 184 3 222 158 54 242 216 175 4 219 80 74 241 185 183 5 101 142 156 193 210 215 6 191 191 191 229 229 229 Hyperlink 12 57 111 115 172 240 Followed Hyperlink 108 191 78 196 229 184 Lines 50 56 62 Highlights 12 57 111 TABLE /Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 19 Business Updates Transcon – Neotrafo commissioning underway 4 GVA capacity commissioned; 6 GVA COD expected by December 2026
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COLOR PALETTE Text 50 56 62 Title bar/Bullets 12 57 111 ACCENTS 1 12 57 111 115 172 240 2 108 191 78 196 229 184 3 222 158 54 242 216 175 4 219 80 74 241 185 183 5 101 142 156 193 210 215 6 191 191 191 229 229 229 Hyperlink 12 57 111 115 172 240 Followed Hyperlink 108 191 78 196 229 184 Lines 50 56 62 Highlights 12 57 111 TABLE /Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 20 Business Updates Strengthening partnerships and social responsibility Industrial R&D and academic collaboration Supply of TOPCon/PERC cells and semi-processed wafers Access to R&D, cell-to-module testing and ALD facilities Student stipends, technical mentorship and support for patents and publications Affordable housing at Naidupeta, Andhra Pradesh Development of 200-bed affordable housing facility PMAY-U 2.0 Special Recognition by the government Recognised as the fastest-completed affordable rental housing project on World Habitat Day 2026 Industry-academia collaboration National award Partnering with IIT Hyderabad to develop next- generation tech Ministry of Housing & Urban Affairs Government of India
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COLOR PALETTE Text 50 56 62 Title bar/Bullets 12 57 111 ACCENTS 1 12 57 111 115 172 240 2 108 191 78 196 229 184 3 222 158 54 242 216 175 4 219 80 74 241 185 183 5 101 142 156 193 210 215 6 191 191 191 229 229 229 Hyperlink 12 57 111 115 172 240 Followed Hyperlink 108 191 78 196 229 184 Lines 50 56 62 Highlights 12 57 111 TABLE /Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 21 Business Updates Building a future ready workforce 9,835 green jobs 3.5x growth in 3 years • Campus and shopfloor hiring to create opportunities for future talent • Greater participation of women in workforce Attract and integrate 60,000+ training hours 500+ youth trained • Partnership with AP government to upskill youth for skilled manufacturing roles • 12-month GEM rotational programme • Dedicated training center for technical and professional development Develop and upskill 95% HRMS adoption • Digital HR and employee experience through PeopleStrong HRMS • Data-driven talent management • Equitable workplace supported by the ESOP scheme Enable and engage 30% female representation at board level • Focused leadership development programmes for senior management and high-potential talent • Accelerated shopfloor leadership programmes • Strong leadership pipeline to support long-term growth Lead and grow Best in Industry in the Energy, Oil & Gas Sector
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/Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 22 S U S TA I N A B I L I T Y A N D E S G
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COLOR PALETTE Text 50 56 62 Title bar/Bullets 12 57 111 ACCENTS 1 12 57 111 115 172 240 2 108 191 78 196 229 184 3 222 158 54 242 216 175 4 219 80 74 241 185 183 5 101 142 156 193 210 215 6 191 191 191 229 229 229 Hyperlink 12 57 111 115 172 240 Followed Hyperlink 108 191 78 196 229 184 Lines 50 56 62 Highlights 12 57 111 TABLE /Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 23 Sustainability and ESG Our sustainability framework Adopted UN SDG goalsESG pillars Governance structure ▤ Board of Directors Enterprise oversight Oversee ESG strategy, risk management and performance monitoring Sustainability Board Committee Strategic governance Review key issues, customer needs and techno-commercial aspects ESG Steering Committee Strategy-to-implementation bridge Bridge strategic plans, stakeholder engagement and implementation Working Groups Execution Implement ESG plans, compile data, complete certification and disclosure requirements People centric Planet positive Product leadership
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COLOR PALETTE Text 50 56 62 Title bar/Bullets 12 57 111 ACCENTS 1 12 57 111 115 172 240 2 108 191 78 196 229 184 3 222 158 54 242 216 175 4 219 80 74 241 185 183 5 101 142 156 193 210 215 6 191 191 191 229 229 229 Hyperlink 12 57 111 115 172 240 Followed Hyperlink 108 191 78 196 229 184 Lines 50 56 62 Highlights 12 57 111 TABLE /Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 24 Sustainability and ESG Striving for ESG excellence Climate risk assessment Formulating net zero target with intermediate milestones Supplier sustainability audits Life cycle environmental assessment of products Human rights benchmarking Energy audits Zero liquid discharge Zero waste to landfill Rainwater harvesting to support water conservation Open access renewable power to reduce carbon footprint Rooftop solar projects on all sites Zero product recalls through robust quality and safety controls Key achievements Initiatives underway Water neutrality
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COLOR PALETTE Text 50 56 62 Title bar/Bullets 12 57 111 ACCENTS 1 12 57 111 115 172 240 2 108 191 78 196 229 184 3 222 158 54 242 216 175 4 219 80 74 241 185 183 5 101 142 156 193 210 215 6 191 191 191 229 229 229 Hyperlink 12 57 111 115 172 240 Followed Hyperlink 108 191 78 196 229 184 Lines 50 56 62 Highlights 12 57 111 TABLE /Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 25 Empowering communities Sustainability and ESG Strengthened community health and well-being across 8 villages in Telangana, reaching 15,000 people through health management programme Supported community meal preparation at Gurudwara Bangla Sahib with upgraded kitchen equipment Improved access to hygiene and sanitation for young girls, with the construction of washrooms at a government school in Udupi, Karnataka Enabled safer, well-lit public spaces in Seepur Village, Telangana, with installation of 19 solar streetlights
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/Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_05/4260647-003_Cover_Yash Shah FINANCIAL PERFORMANCE
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COLOR PALETTE Text 50 56 62 Title bar/Bullets 12 57 111 ACCENTS 1 12 57 111 115 172 240 2 108 191 78 196 229 184 3 222 158 54 242 216 175 4 219 80 74 241 185 183 5 101 142 156 193 210 215 6 191 191 191 229 229 229 Hyperlink 12 57 111 115 172 240 Followed Hyperlink 108 191 78 196 229 184 Lines 50 56 62 Highlights 12 57 111 TABLE /Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 27 5,609 5,932 6,748 7,144 7,358 30.5% 30.6% 30.3% 29.0% 28.0% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% 0 2,000 4,000 6,000 8,000 10,000 12,000 Q2 FY 2026 Q3 FY 2026 Q4 FY 2026 Q1 FY 2027 Q2 FY 2027 Solar Transformers Margin Financial Performance Note: All numbers are rounded off to the nearest whole number. Operational performance and revenues Revenue from operations INR Mn +6.9% QOQ +43.3% YOY PAT INR Mn Operating EBITDA INR Mn +3.0% QOQ +31.2% YOY -2.0 % QOQ +30.8% YOY 18,369 19,365 22,303 24,626 26,319 Q2 FY 2026 Q3 FY 2026 Q4 FY 2026 Q1 FY 2027 Q2 FY 2027 Solar Transformers 3,534 3,916 4,568 4,719 4,624 18.4% 19.9% 20.1% 18.8% 17.4% 0.0% 5.0% 10.0% 15.0% 20.0% -500 500 1,500 2,500 3,500 4,500 5,500 6,500 7,500 Q2 FY 2026 Q3 FY 2026 Q4 FY 2026 Q1 FY 2027 Q2 FY 2027 Solar Transformers Margin
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COLOR PALETTE Text 50 56 62 Title bar/Bullets 12 57 111 ACCENTS 1 12 57 111 115 172 240 2 108 191 78 196 229 184 3 222 158 54 242 216 175 4 219 80 74 241 185 183 5 101 142 156 193 210 215 6 191 191 191 229 229 229 Hyperlink 12 57 111 115 172 240 Followed Hyperlink 108 191 78 196 229 184 Lines 50 56 62 Highlights 12 57 111 TABLE /Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 28 Financial Performance Revenue mix Revenue mix by geography Revenue mix by business 24% 22% 12% 24% 18% 75% 78% 88% 71% 77% 4% 4% Q2 FY 2026 Q3 FY 2026 Q4 FY 2026 Q1 FY 2027 Q2 FY 2027 Domestic - Cell Domestic - Module Domestic - Transcon Exports 99% 99% 100% 99% 98% Q2 FY 2026 Q3 FY 2026 Q4 FY 2026 Q1 FY 2027 Q2 FY 2027 Exports Domestic sales
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COLOR PALETTE Text 50 56 62 Title bar/Bullets 12 57 111 ACCENTS 1 12 57 111 115 172 240 2 108 191 78 196 229 184 3 222 158 54 242 216 175 4 219 80 74 241 185 183 5 101 142 156 193 210 215 6 191 191 191 229 229 229 Hyperlink 12 57 111 115 172 240 Followed Hyperlink 108 191 78 196 229 184 Lines 50 56 62 Highlights 12 57 111 TABLE /Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 29 Financial Performance Other financial indicators Net debt INR Mn (5,673) 3,867 10,464 16,417 19,108 Q2 FY 2026 Q3 FY 2026 Q4 FY 2026 Q1 FY 2027 Q2 FY 2027 0.72 Total D/E September 2026 Net working capital Days 0.72 CFO/ PAT H1 FY 2027 83 72 77 113 FY 2024 FY 2025 FY 2026 H1 FY 2027
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COLOR PALETTE Text 50 56 62 Title bar/Bullets 12 57 111 ACCENTS 1 12 57 111 115 172 240 2 108 191 78 196 229 184 3 222 158 54 242 216 175 4 219 80 74 241 185 183 5 101 142 156 193 210 215 6 191 191 191 229 229 229 Hyperlink 12 57 111 115 172 240 Followed Hyperlink 108 191 78 196 229 184 Lines 50 56 62 Highlights 12 57 111 TABLE /Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 30 Consolidated P&L Financial Performance Amount, INR Mn Q2 FY 2027 Q2 FY 2026 Y-O-Y Q1 FY 2027 Q-O-Q Revenue from operations 26,318.52 18,368.65 43.28% 24,625.94 6.87% Other Income 241.92 845.01 -71.37% 450.43 -46.29% Total Income 26,560.44 19,213.66 38.24% 25,076.37 5.92% Cost of materials consumed 17,878.77 12,706.37 40.71% 13,470.84 32.72% Purchases of stock-in-trade 1,066.27 973.86 - 2,536.03 - Changes in inventories (2,557.26) (2,839.51) - (855.98) - Other manufacturing and EPC project expenses 75.37 149.34 -49.53% 26.30 186.58% Employee benefits expense 638.87 389.78 63.91% 488.65 30.74% Sales, administration and other expenses 1,858.89 1,380.04 34.70% 1,816.49 2.33% Operational EBITDA 7,357.61 5,608.77 31.18% 7,143.61 3.00% % Margin 27.96% 30.53% - 29.01% - EBITDA 7,599.53 6,453.78 17.75% 7,594.04 0.07% % Margin 28.61% 33.59% - 30.28% - Depreciation and amortisation expenses 1,166.29 1,456.79 -19.94% 956.29 21.96% Finance costs 422.00 324.50 30.05% 439.34 -3.95% Profit before tax, share net of tax profit from associates 6,011.24 4,672.49 28.65% 6,198.41 -3.02% Share of profit/(loss) from associates 1.46 (0.36) - 5.41 -73.01% Profit before tax 6,012.70 4,672.13 28.69% 6,203.82 -3.08% Tax expenses 1,388.84 1,137.74 22.07% 1,484.64 -6.45% PAT 4,623.86 3,534.39 30.82% 4,719.18 -2.02% % Margin 17.41% 18.40% - 18.82% -
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COLOR PALETTE Text 50 56 62 Title bar/Bullets 12 57 111 ACCENTS 1 12 57 111 115 172 240 2 108 191 78 196 229 184 3 222 158 54 242 216 175 4 219 80 74 241 185 183 5 101 142 156 193 210 215 6 191 191 191 229 229 229 Hyperlink 12 57 111 115 172 240 Followed Hyperlink 108 191 78 196 229 184 Lines 50 56 62 Highlights 12 57 111 TABLE /Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 31 Segmental P&L for Q2 FY 2027 Financial Performance Amount, INR Mn Solar Cells and Modules Transformers Consolidated Revenue from operations 25,096.97 1,221.55 26,318.52 Other Income 223.16 18.76 241.92 Total Income 25,320.14 1,240.30 26,560.44 Cost of materials consumed 16,881.44 997.33 17,878.77 Purchases of stock-in-trade 1,061.01 5.26 1,066.27 Changes in inventories (2,434.69) (122.57) (2,557.26) Other manufacturing and EPC project expenses 75.37 0.00 75.37 Employee benefits expense 578.39 60.48 638.87 Sales, administration and other expenses 1,740.85 118.04 1,858.89 Operational EBITDA 7,194.60 163.01 7,357.61 % Margin 28.67% 13.34% 27.96% EBITDA 7,417.77 181.76 7,599.53 % Margin 29.30% 14.65% 28.61% Depreciation and amortisation expenses 1,130.00 36.29 1,166.29 Finance costs 418.06 3.94 422.00 Profit before tax, share net of tax profit from associates 5,869.71 141.53 6,011.24 Share of profit/(loss) from associates 1.46 0.00 1.46 Profit before tax 5,871.17 141.53 6,012.70 Tax expenses 1,346.96 41.88 1,388.84 PAT 4,524.21 99.65 4,623.86 % Margin 17.87% 8.03% 17.41%
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COLOR PALETTE Text 50 56 62 Title bar/Bullets 12 57 111 ACCENTS 1 12 57 111 115 172 240 2 108 191 78 196 229 184 3 222 158 54 242 216 175 4 219 80 74 241 185 183 5 101 142 156 193 210 215 6 191 191 191 229 229 229 Hyperlink 12 57 111 115 172 240 Followed Hyperlink 108 191 78 196 229 184 Lines 50 56 62 Highlights 12 57 111 TABLE /Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 32 Consolidated balance sheet & cash flow statements Amount, INR Mn H1 FY 2027 FY 2026 H1 FY 2026 Shareholders' Funds 51,693.88 43,077.16 34,540.61 Non-controlling interest 2,764.69 26.46 0.00 Non-Current Liabilities 32,697.86 33,331.47 13,925.02 Current Liabilities 40,175.22 32,013.54 28,878.99 Total Liabilities 1,27,331.65 1,08,448.63 77,344.62 Fixed Assets 55,098.16 38,905.31 19,800.27 Goodwill 2,422.20 0.06 0.06 Other Non-Current Assets 9,763.15 10,852.08 5,890.70 Current Assets 60,048.14 58,691.18 51,653.59 Total Assets 1,27,331.65 1,08,448.63 77,344.62 Particulars, INR Mn H1 FY 2027 FY 2026 H1 FY 2026 Cash Flow From Operating Activities 6,687.25 12,610.56 6,196.82 Cash Flow From Investing Activities (15,670.17) (21,558.70) (1,573.60) Cash Flow From Financing Activities (1,648.23) 15,587.54 (4,570.25) Net Increase / (Decrease) in Cash and Cash Equivalent (10,631.15) 6,639.40 52.97 Cash and Cash Equivalents at Beginning of Period 14,665.22 8,025.82 8,025.82 Effect of Foreign Exchange in Cash & Cash Equivalent 0.02 0.00 0.00 Cash and Cash Equivalents at End of Period 4,034.09 14,665.22 8,078.79 Financial Performance
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/Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 33 ANNEXURE – CO MPAN Y BACKG RO UN D
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COLOR PALETTE Text 50 56 62 Title bar/Bullets 12 57 111 ACCENTS 1 12 57 111 115 172 240 2 108 191 78 196 229 184 3 222 158 54 242 216 175 4 219 80 74 241 185 183 5 101 142 156 193 210 215 6 191 191 191 229 229 229 Hyperlink 12 57 111 115 172 240 Followed Hyperlink 108 191 78 196 229 184 Lines 50 56 62 Highlights 12 57 111 TABLE /Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 34 30+ years of solar manufacturing excellence Company Background 1995 1999 2011 2021 2022-2024 Incorporation First module line First cell line 2024 IPO Fresh capital raise of INR 12.9 Bn INR 1.8 Bn Equity investment Capacity expansion Capacity Cells 2,000 MW Module 4,134 MW Capacity Cell 75 MW Module 100 MW Capacity Cell 500 MW Module 1,220 MW 2025 Capacity expansion plus BESS, inverter and transformer foray Capacity Cell 3,200 MW Module 5,100 MW 2026 Capacity Cell 10,600 MW Module 11,100 MW Capacity expansion and EPC business JV
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COLOR PALETTE Text 50 56 62 Title bar/Bullets 12 57 111 ACCENTS 1 12 57 111 115 172 240 2 108 191 78 196 229 184 3 222 158 54 242 216 175 4 219 80 74 241 185 183 5 101 142 156 193 210 215 6 191 191 191 229 229 229 Hyperlink 12 57 111 115 172 240 Followed Hyperlink 108 191 78 196 229 184 Lines 50 56 62 Highlights 12 57 111 TABLE /Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 35 Ownership Company Background Promoters Domestic funds and institutions FIIs and other foreign investors Retail investors GEF Capital
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COLOR PALETTE Text 50 56 62 Title bar/Bullets 12 57 111 ACCENTS 1 12 57 111 115 172 240 2 108 191 78 196 229 184 3 222 158 54 242 216 175 4 219 80 74 241 185 183 5 101 142 156 193 210 215 6 191 191 191 229 229 229 Hyperlink 12 57 111 115 172 240 Followed Hyperlink 108 191 78 196 229 184 Lines 50 56 62 Highlights 12 57 111 TABLE /Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 36 Corporate structure Company Background PREMIER ENERGIES LIMITED Premier Energies Photovoltaic Private Limited 100% Premier-Green Aluminium Private Limited 80% Premier Energies Global Environment Private Limited 100% Premier Solar Powertech Private Limited 100% Premier Energies International Private Limited 74% Premier Battery Technologies Private Limited 100% Premier Energies Storage Solutions Private Limited 100% Transcon Ind Limited 51% Neotrafo Solutions Private Limited 72% HeliosAnthos Energies Private Limited 51% PREMIER ENERGIES SOLAR ALUMINIUM FRAMES BESS TRANSFORMERS EPC
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COLOR PALETTE Text 50 56 62 Title bar/Bullets 12 57 111 ACCENTS 1 12 57 111 115 172 240 2 108 191 78 196 229 184 3 222 158 54 242 216 175 4 219 80 74 241 185 183 5 101 142 156 193 210 215 6 191 191 191 229 229 229 Hyperlink 12 57 111 115 172 240 Followed Hyperlink 108 191 78 196 229 184 Lines 50 56 62 Highlights 12 57 111 TABLE /Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 37 Our leadership team ADAPA SRINIVAS CHIEF GROWTH OFFICER Business Development, Sales & Marketing NAND KISHORE KHANDELWAL CHIEF FINANCIAL OFFICER Finance and IT CHANDRA MAULI KUMAR CHIEF PRODUCTION OFFICER Production & Plant Engineering VISHNU HAZARI CHIEF OPERATING OFFICER Logistics & Operations VINAY RUSTAGI CHIEF BUSINESS OFFICER Corporate Strategy Investor Relations Strategic Advisorto theBoard SURENDER PAL SINGH SALUJA CHAIRMAN Company Vision and Operations Oversight CHIRANJEEV SINGH SALUJA MANAGING DIRECTOR Government Relations & Indirect Taxation REVATHIROHINI BURAGADDA EXECUTIVE DIRECTOR SUDHIRMOOLA CHIEF STRATEGY OFFICER & DIRECTOR New Projects & Initiatives NIYATHI N.MADASU CHIEF HUMAN RESOURCES OFFICER People and Culture Company Background
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COLOR PALETTE Text 50 56 62 Title bar/Bullets 12 57 111 ACCENTS 1 12 57 111 115 172 240 2 108 191 78 196 229 184 3 222 158 54 242 216 175 4 219 80 74 241 185 183 5 101 142 156 193 210 215 6 191 191 191 229 229 229 Hyperlink 12 57 111 115 172 240 Followed Hyperlink 108 191 78 196 229 184 Lines 50 56 62 Highlights 12 57 111 TABLE /Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 38 Mission 2028 To become India’s leading provider of cleantech solutions with a portfolio of complementary products Vertically integrated capacity of 10 GW+ Allied products and services Transformers BESS solutions Inverters Diversified product portfolio with new engines of growth Allied products expected to contribute about 25% of group revenues Strong sales synergies – lower cost of customer acquisition and better margins Company Background EPC servicesIngots Wafers Cells Modules
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COLOR PALETTE Text 50 56 62 Title bar/Bullets 12 57 111 ACCENTS 1 12 57 111 115 172 240 2 108 191 78 196 229 184 3 222 158 54 242 216 175 4 219 80 74 241 185 183 5 101 142 156 193 210 215 6 191 191 191 229 229 229 Hyperlink 12 57 111 115 172 240 Followed Hyperlink 108 191 78 196 229 184 Lines 50 56 62 Highlights 12 57 111 TABLE /Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 39 Consistent growth track record Total Revenue INR Mn EBITDA INR Mn PAT INR Mn 234 488 1,047 2,431 3,570 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 Cell production MW 537 1,129 5,053 19,142 25,787 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 7,670 14,632 31,713 66,521 80,259 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 (144) (133) 2,314 9,371 15,097 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 Module production MW Note: All numbers are rounded off to the nearest whole number. 110 228 769 1,611 2,268 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 Company Background
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COLOR PALETTE Text 50 56 62 Title bar/Bullets 12 57 111 ACCENTS 1 12 57 111 115 172 240 2 108 191 78 196 229 184 3 222 158 54 242 216 175 4 219 80 74 241 185 183 5 101 142 156 193 210 215 6 191 191 191 229 229 229 Hyperlink 12 57 111 115 172 240 Followed Hyperlink 108 191 78 196 229 184 Lines 50 56 62 Highlights 12 57 111 TABLE /Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 40 Wide-ranging recognition in the industry Company Background 2026 Best in Industry in the Energy, Oil & Gas Sector 2025 ‘A’ Grade in Global Solar Module Manufacturer Ranking 2026 United Nations Global Compact Initiative Participant 2026 Ranked 13 in Terawatt PV’s top 100 Global Module Manufacturers India’s Most Respected Entrepreneur and Star of City Award 2026 2026 CII National EHS Excellence Award 2025 - Bronze Winner 2026 India’s Most Trusted Workplaces 2026 CII Excellence Award for R&D Governance & Leadership
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/Admin/ADVANCED GRAPHICS/Cover and Template/2024/2024_04/4226796-001_Premier Energies_Niwas Kumar_Cover & Template 41 Thank you! Corporate office 8th floor, Orbit Tower 1, Sy. No. 83/1, Hyderabad Knowledge City, TSIIC, Raidurgam, Hyderabad- 500081, Telangana, India Web www.premierenergies.com Email investors@premierenergies.com Production facilities Plot No. 8/B/1&2, E-City, (Fab City) Maheshwaram Mandal, Raviryala Village, Ranga Reddy District, Telangana 501359, India Sy No 303 304 305 and 306/2, EMC Maheshwaram Ranga Reddy District, Maheshwaram, Ranga Reddy District, Telangana 501359, India Plot No. S-95-96, S 100-104, Maheshwaram Mandal, Srinagar Village, Fab City, Raviryala, Ranga Reddy District, Telangana 501359, India Plot No. UDL-5, IP Seetharampur, Ranga Reddy District, Telangana 509217, India Plot no. 144, APIIC Industrial Park, APIIC MP SEZ Industrial area, Palachuru Village, Naidupeta, Tirupati District, Andra Pradesh 524421, India (Under construction) PREMIER ENERGIES LIMITED CIN: U40106TG1995PLC019909