Enclosed herewith please find Secretarial Compliance Report being filed under Regulation 24 A of SEBI( LODR) REgulation,2015 for the period ended 31st March,2026
PREMIERPOL · price
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Premier Polyfilm Ltd has filed its Secretarial Compliance Report for the year ended March 31, 2026, prepared by Practicing Company Secretaries Sumit Bajaj & Associates. The report reveals two compliance violations: (1) A Rs. 50,000 fine from NSE for delayed XBRL filing of Related Party Transaction details for Q2 FY26, where the company's waiver request was rejected despite citing technical issues; (2) A Rs. 3,00,000 penalty from SEBI's Adjudicating Officer for non-obtaining prior shareholder approval for related party transactions during FY 2023-24, including inadvertent classification of certain ordinary business transactions. Both penalties have been paid and corrective measures implemented. Additionally, the company's statutory auditors M/s MARS & Associates resigned in February 2026 due to a firm merger with M/s ADVANDCO LLP, with proper disclosures made to stock exchanges.
The penalties totaling Rs. 3.5 lakh have been paid and the company states there is no material impact on its financial position or performance. The compliance record shows historical issues with related party transaction approvals that have been addressed.