Premier Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 30, 2025
PREMIER · price
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Premier Limited held its 79th AGM on September 30, 2025, at 12:30 PM via video conferencing, concluding at 12:55 PM. The meeting was chaired by Resolution Professional Kanak Jani under powers conferred by Section 17 of the Insolvency and Bankruptcy Code, 2016, as the company is currently undergoing Corporate Insolvency Resolution Process (CIRP) following an NCLT Mumbai order dated January 29, 2021. The suspended Board of Directors did not attend. Two ordinary business items were taken up: adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, and re-appointment of Mrs. Rohita M. Doshi as Director via rotation. The Chairperson informed members that the Committee of Creditors (CoC) has approved a Resolution Plan, which is pending approval before the NCLT Mumbai Bench. Voting results will be declared within 48 hours.
Premier Limited remains under CIRP with its Board suspended and operations managed by the Resolution Professional. The approval of a Resolution Plan by the CoC is a positive step toward exiting insolvency, but the final outcome depends on NCLT approval. Shareholders currently have limited control, and the stock remains a high-risk, event-driven investment tied to the resolution outcome.