Pursuant to Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 read with relevant SEBI Circular issued from time to time, we are enclosing herewith ....
PREMIER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Premier Ltd, currently under Corporate Insolvency Resolution Process (CIRP) since January 29, 2021, has submitted its Annual Secretarial Compliance Report. Resolution Professional Kanak Jani is managing the company as the board remains suspended. A resolution plan submitted by Trab Metals Pvt Ltd and persons acting in concert has been approved by the Committee of Creditors and is awaiting NCLT Mumbai Bench approval. The report flags multiple non-compliances: no Company Secretary appointed since July 2020, no functional company website, no Structured Digital Database for insider trading regulations, delayed filing of June 2024 quarterly results to NSE, and unpaid annual listing fees to NSE. Stock exchanges BSE and NSE imposed a cumulative fine of Rs. 6,49,000. No board, committee, or independent director meetings were held during FY25 due to CIRP.
The multiple regulatory non-compliances and outstanding fines add to existing governance concerns for shareholders. The company remains in limbo pending NCLT approval of the resolution plan, with the stock likely to remain thinly traded and risky. Investors should monitor NCLT proceedings closely as the plan's approval will be the key catalyst.