Premier Ltd. Q3 FY26 Results: Continued CIRP, Net Loss of ₹1.75 Cr
Premier Limited reported a net loss of ₹1.75 crore for Q3 FY26, both standalone and consolidated. The company remains under CIRP, with operations suspended due to lack of working capital. Auditors issued a qualified report, citing going concern uncertainties and non-compliance. A resolution plan by Fab Metals Pvt. Ltd. was approved by the CoC in January 2022, with NCLT approval pending.
The ongoing CIRP, significant losses, and the qualified audit report indicate a high impact on the company's financial health and future prospects.
The company reported a net loss and continues to be under CIRP with suspended operations and eroded net worth. The auditor's report is qualified, indicating significant uncertainties and non-compliance issues.
Premier Limited announced its unaudited standalone and consolidated financial results for the quarter ended December 31, 2025. The company continues to be under Corporate Insolvency Resolution Process (CIRP) as per the NCLT order dated January 29, 2021. The Board of Directors' powers remain suspended, with the Resolution Professional managing the company's affairs.
The meeting to approve these results commenced at 2:30 p.m. and concluded at 5:50 p.m. on February 6, 2026.
The company reported a net loss of ₹1.75 crore for the quarter ended December 31, 2025, for both standalone and consolidated results. For the nine-month period ended December 31, 2025, the net loss was ₹4.11 crore on a standalone basis and also ₹4.11 crore on a consolidated basis. The company's net worth has been completely eroded, and operations have remained suspended due to a lack of working capital. The auditors have issued a qualified limited review report, highlighting material uncertainty regarding the entity's ability to continue as a going concern and various non-compliance issues with the Companies Act, 2013, including the absence of a whole-time Company Secretary and internal auditor.
Additionally, there has been a delay in transferring unclaimed fixed deposits and interest amounting to ₹46.55 lakhs to the Investor Education & Protection Fund (IEPF), although the company is in the process of doing so. The company received ₹1.64 crore as compensation for land acquired by DFCC, which was treated as other income.
What to do with a filing like this
Premier Limited filed this with the NSE as a statutory disclosure, categorised under other results related. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Premier Limited. Read the original for the full detail.