PREMIER POLYFILM LIMITED has informed the Exchange about Resignation of Statutory Auditor

Auditor Resigned MidtermManagement Changes View source PDF

PREMIERPOL · price

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+0.5%1-day move

₹60.51

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₹58.90

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AI summary

Premier Polyfilm Limited's statutory auditor MARS & Associates (appointed 26 September 2022, term until 30 September 2027) ceased to act as auditor with effect from 11 February 2026. The reason is a routine ICAI-approved merger of MARS & Associates into A D V AND CO LLP, which caused the erstwhile firm to dissolve as a separate legal entity. A D V AND CO LLP, as the successor firm, has issued the cessation notice under Section 140(2) of the Companies Act, 2013, and will continue providing audit services to the company. The auditor has explicitly stated there is no dispute, disagreement, dissatisfaction with management, pending fees, or adverse remarks against the company.

Likely market impact

This is a routine, technical change driven by the audit firm's own merger, not a governance red flag. Shareholders should not be concerned — the same engagement is continuing under the successor firm with no break in audit coverage.