Premier Polyfilm Limited has informed the Exchange regarding Outcome of Board Meeting held on March 16, 2026.
PREMIERPOL · price
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Premier Polyfilm Limited's board, which met on March 16, 2026, approved a change in statutory auditor. The existing auditor M/s M A R S & Associates ceased to exist after merging into M/s A D V AND CO LLP effective February 11, 2026, with the formal resignation letter dated February 25, 2026. The board appointed M/s A D V AND CO LLP as the new statutory auditor for FY 2025-26, subject to shareholder approval via postal ballot. The outgoing auditor had already issued limited review reports for the first three quarters of FY 2025-26 (latest for Q3 ending December 31, 2025, dated January 12, 2026) and confirmed there are no disputes, adverse remarks, or disagreements with the company's management. The postal ballot cut-off date is March 27, 2026, with e-voting running from April 1 to April 30, 2026, and Mr. Sumit Bajaj appointed as scrutinizer.
This is a routine auditor change driven solely by the merger of two audit firms, not by any governance or financial concerns. Shareholders will get to approve the new auditor through postal ballot, but the transition is procedural and unlikely to materially affect the stock price or business operations.