Premier Q2 FY26: Nil revenue, Rs 236L loss, ops shut under CIRP
PREMIER · price
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Premier Limited, under CIRP since Jan 2021, filed Q2 FY26 results with NIL revenue from operations. Net loss for H1 FY26 was Rs. 235.88 lakhs. Manufacturing at Chakan remains shut since March 2020. Net worth fully eroded. Auditor issued a qualified review report citing going concern uncertainty. CoC approved Fab Metals resolution plan in Jan 2022 but NCLT approval is still pending. Rs. 46.55 lakhs IEPF transfer delayed. No Company Secretary or internal auditor appointed.
Stock remains under insolvency. Operations shut since 2020, losses continue, NCLT approval of resolution plan awaited. High uncertainty for shareholders.