The Exchange had sought clarification from Premier Limited for the quarter ended 31-Dec-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Segment details not submitted. The response of the Company is enclosed.
PREMIER · price
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Awaiting price reaction for this filing.
NSE had asked Premier Limited why segment details were not submitted along with the December 2025 quarter results. The company replied that it operates in only one business segment — Engineering — so segment-wise reporting is not required. The filing also contains the full Q3 FY26 (Oct-Dec 2025) results, which show zero revenue from operations and a net loss of Rs. 175 lakhs for the quarter, taking the nine-month loss to Rs. 411 lakhs. Premier has been under the Corporate Insolvency Resolution Process (CIRP) since January 29, 2021, and its Chakan plant has remained shut since March 2020 due to lack of working capital. The Committee of Creditors approved a resolution plan from Fab Metals Pvt. Ltd. in January 2022 with 92.47% voting share, but NCLT approval is still awaited. The auditor issued a qualified review report, flagging fully eroded net worth, no impairment assessment of assets, and compliance lapses including no whole-time Company Secretary and no internal auditor.
Shareholders remain in limbo as the stock continues to trade for a company with no operations, mounting losses, and an unresolved insolvency plan awaiting NCLT approval. Until the resolution plan is cleared by NCLT, the equity has very limited upside and significant risk of dilution or restructuring losses.