Premier Ltd Declares Unaudited Q1 FY27 Results Amidst CIRP

Premier Ltd has announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company is currently under Corporate Insolvency Resolution Process (CIRP) following an NCLT order dated January 29, 2021. The results, prepared on a going concern basis despite a net worth erosion and a loss of ₹176 Lakhs for the quarter, indicate significant going concern uncertainties. The auditors have issued a qualified conclusion due to issues including unassessed asset impairment, pending resolution plan approvals, and discrepancies in creditor claims. The company also faces non-compliance with certain Companies Act provisions regarding internal auditors and company secretaries.