Premier Q1 FY27 Results: Rs 176 Lakh Loss, Going Concern Doubt
PREMIER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.2 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Premier Limited, under CIRP since Jan 2021, posted Q1 FY27 standalone loss of Rs 176 lakhs (vs Rs 194 lakhs loss in Q1 FY26). Zero revenue from operations; Chakan plant remains shut since March 2020. Auditor Jayesh Dadia & Associates issued a qualified review report flagging fully eroded net worth, material going concern uncertainty, and non-appointment of Company Secretary and internal auditor. CoC-approved resolution plan by Fab Metals Pvt Ltd (92.47 percent assent) still awaits NCLT approval.
High risk: operations suspended, going concern doubtful, but NCLT clearance of the resolution plan could be a major positive trigger. Stock remains speculative.