PREMIER POLYFILM LIMITED has informed the Exchange about Resignation of Statutory Auditor
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Premier Polyfilm Limited's statutory auditor MARS & Associates (FRN: 010484N) has ceased to exist as a separate legal entity following its merger into A D V AND CO LLP (FRN: 003467N/N500063), effective February 11, 2026, with ICAI approval. MARS & Associates was originally appointed on September 26, 2022, with a term scheduled to expire on September 30, 2027, meaning the cessation is mid-term. A D V AND CO LLP has assumed all professional obligations and will continue as the statutory auditor in continuation of MARS & Associates' engagement. The filing explicitly states the cessation is not due to any dispute, dissatisfaction with management, pending fees, or professional differences, and the firm has no adverse remarks against the company. The latest limited review report for December 2025 was submitted on January 12, 2026, without issues.
This is a routine, non-adverse change driven entirely by the audit firm's own internal restructuring (merger). Shareholders should see no governance red flags or impact on the stock price, as the successor firm A D V AND CO LLP will seamlessly continue the audit relationship.