Premier Limited has informed the Exchange about Corporate Insolvency Resolution Process
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Premier Limited, which is currently under Corporate Insolvency Resolution Process (CIRP), has informed the exchanges that its 19th meeting of the Committee of Creditors (CoC) is scheduled on June 20, 2025 at 4:00 PM. The communication is filed by Kanak Jani, the appointed Resolution Professional (IBBI registered), confirming the company continues to operate under insolvency proceedings. The filing is made under SEBI Listing Regulations (Regulation 30, Schedule III) to keep stakeholders informed. No specific agenda or outcome details of the meeting have been disclosed in this intimation.
This is a procedural update confirming that the company's insolvency resolution process is still ongoing, with the 19th CoC meeting taking place. The repeated CoC meetings suggest that a resolution plan is yet to be finalized, which keeps the stock in uncertainty and trading risk for shareholders.