PREMIERPOLNSEPremier Polyfilm Limited· Plastic And Plastic ProductsMediumNeutral
Announced Thu, 26 Feb · 11:57 IST

Premier Polyfilm Limited has informed the Exchange about General Updates

Management Changes View source PDF

PREMIERPOL · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Premier Polyfilm Limited has informed the exchanges about a change in its Statutory Auditor arising from a merger at the audit firm level. The company's existing Statutory Auditor, M/s M A R S & Associates, has been merged into M/s A D V AND CO LLP, effective February 1, 2026, with approval from the Institute of Chartered Accountants of India (ICAI). As a result, M A R S & Associates has ceased to exist as a separate entity, and all its engagements, responsibilities, and professional obligations have been taken over by A D V AND CO LLP. The same partners and professional staff will continue to handle Premier Polyfilm's audit under the new merged firm, ensuring continuity of service. The appointment of A D V AND CO LLP as the new Statutory Auditor is subject to approval from the Board of Directors and Members, and the detailed disclosure under SEBI's Regulation 30 will be submitted after Board approval.

Likely market impact

This is a routine administrative change driven by a structural merger of the audit firm, with no change in the actual audit team or service quality. It is unlikely to have any material impact on the company's operations or stock price, though the company will need to file Form ADT-1 to formally record the change with the Registrar of Companies.