Premier Polyfilm Appoints M/s A D V AND CO LLP as Statutory Auditor for FY 2025-26
Premier Polyfilm Limited's Board approved the appointment of M/s A D V AND CO LLP as Statutory Auditor for FY 2025-26, following the merger of the previous auditor, M/s M A R S & Associates. Shareholder approval will be sought via postal ballot. E-voting is scheduled from April 1 to April 30, 2026.
The appointment of a new statutory auditor is a significant corporate governance event that can affect the reliability of financial reporting. It also requires shareholder approval, indicating a process that impacts the company's regulatory compliance.
The change in auditors is a routine corporate action and does not inherently carry positive or negative implications for the company's financial performance or operations.
Premier Polyfilm Limited announced an update following its Board of Directors meeting held on March 16, 2026. The Board took note of the cessation of M/s M A R S & Associates as the company's Existing Statutory Auditor. This cessation is due to the merger of M/s M A R S & Associates into M/s A D V AND CO LLP, effective from February 11, 2026.
Following the recommendation of the audit committee, the Board approved the appointment of M/s A D V AND CO LLP as the new Statutory Auditor for the Financial Year 2025-2026. This appointment is subject to the approval of shareholders through a postal ballot to fill the casual vacancy arising from the merger. The company also approved the Postal Ballot Notice, which will be circulated to members. The cut-off date for determining eligibility for voting on the postal ballot has been set as Friday, March 27, 2026. E-voting will commence on Wednesday, April 1, 2026, and conclude on Thursday, April 30, 2026. Mr. Sumit Bajaj, Practicing Company Secretary, has been appointed as the Scrutinizer for the postal ballot process.
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Premier Polyfilm Limited filed this with the NSE as a statutory disclosure, categorised under auditor changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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