Please find enclosed herewith Outcome of the postal ballot along with scrutinizer''s report and voting results for your reference.
PREMIERPOL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Premier Polyfilm Ltd has successfully completed a postal ballot for appointing M/s AD V AND CO LLP as the new Statutory Auditor. The appointment was required to fill a casual vacancy caused by the resignation of M/s MARS & Associates, which occurred due to a merger of the latter firm into AD V AND CO LLP effective February 11, 2026. The new auditor was appointed from March 16, 2026 until the conclusion of the 34th AGM. The resolution received overwhelming shareholder approval with 99.76% votes in favor (54.15 million votes) against only 0.24% against (129,930 votes). Promoter shareholders showed 100% support while public non-institutional shareholders had mixed voting with 67.51% voting against.
The appointment of a new statutory auditor following a firm merger is routine and carries no direct impact on stock price. However, it demonstrates proper corporate governance compliance and a smooth transition in audit arrangements for the PVC flooring and sheeting manufacturer.