Q1FY27 results: Rs 176L loss, ops suspended, CIRP continues

Going-concern doubtQualified audit opinionEmphasis of matterNet loss reportedResults restatedResults View source PDF Explain this filing

PREMIER · price

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Price reactionminutes from the announcement price · days from the prior close

-3.1%Reaction day

₹2.89

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-3.2% vs market

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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Reaction day

-3.1+0.1-3.2

Next day

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AI summary

Premier Limited (under CIRP since Jan 2021) reported Q1FY27 standalone net loss of Rs 176 lakhs, versus Rs 194 lakhs loss in Q1FY26. Revenue from operations is nil; total income is Rs 23 lakhs. Manufacturing at Chakan plant remains suspended since March 2020 due to lack of working capital. Net worth is fully eroded (reserves negative at Rs 44,545 lakhs). Auditor issued a qualified review report flagging going concern uncertainty, pending NCLT approval of the Fab Metals resolution plan approved by CoC in Jan 2022, and non-compliance with Companies Act (no whole-time CS, no internal auditor).

Likely market impact

Operations remain shut under CIRP. Shareholders face high dilution or wipeout risk pending NCLT approval of Fab Metals resolution plan.