Premier Energies to acquire 51% stake in Transcon Ind Limited for ₹500.3 crore

* Premier Energies Limited (PEL) announced that its Board of Directors approved entering into a Securities Subscription and Shareholders’ Agreement (SSSHA) for the subscription of Equity Shares in M/s Transcon Ind Limited. * This acquisition will result in PEL holding 51% of the issued and paid-up Equity share capital of Transcon Ind Limited, making it a subsidiary of Premier Energies Limited. * Transcon Ind Limited, incorporated on August 29, 2025, is primarily engaged in the manufacturing and selling of various types of transformers. * The acquisition is strategic, aiming to diversify PEL into power transformer manufacturing, establish a presence in this critical segment, and position the company as a full-spectrum energy solutions provider by bridging the gap between generation and transmission. * The company expects to leverage established brand equity, marketing channels, and dealer networks to rapidly penetrate the market and scale operations efficiently. * Significant operational and market synergies are anticipated with PEL’s existing solar module manufacturing business, enhancing the ability to deliver integrated energy solutions and cross-sell products. * No governmental or regulatory approvals are required for this acquisition. * The indicative time period for completion of the acquisition is within 90 days from the date of execution of the SSSHA (October 23, 2025). * The consideration for the acquisition is cash. * The cost of acquisition is ₹48,069 per share for 1,04,082 Equity shares, amounting to a total of ₹500.3 crore.