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Premier Explosives Limited is engaged in the manufacturing of industrial explosives and detonators. It also undertakes operation and maintenance (O&M) services of solidpropellant plants at the Sriharikota Centre of ISRO and Solid Fuel Complex at Jagdalpurunder the umbrella of DRDO.
SEBI approved Apollo Micro Systems' open offer to acquire 26% (1.4 Cr shares) of Premier Explosives for ₹698/share (~₹975.7 Cr). Tendering starts within 12 working days of CCI approval. Acquirer to pay 10% annual interest on delayed payments to shareholders.
Premier Explosives’ Q1 FY27 saw revenue at ₹102.6 Cr (-28% YoY) and PAT at ₹3 Cr (-80% YoY), attributed to dispatch delays and elevated raw material costs. Management expects a rebound as headwinds ease, targeting ₹600 Cr revenue and 15-20% EBITDA for FY27. The order book is robust at ₹1,393...