Quarterly Result27 May 2026, 05:23 pm
Premier Ltd: FY26 Net Loss ₹587 Lakhs, Net Worth Eroded
AI Summary
Premier Ltd declared its audited financial results for the year ended March 31, 2026. The company is under Corporate Insolvency Resolution Process (CIRP) since January 29, 2021, with the Resolution Professional managing the company's affairs. The auditor's report expresses a qualified opinion, highlighting that the company's net worth has been completely eroded and it incurred a loss of ₹587 Lakhs for the year. The auditor also noted that the company has not assessed impairment of assets.
Key Highlights
- Premier Ltd's net worth has been completely eroded as of March 31, 2026.
- The company incurred a loss of ₹587 Lakhs for the year ended March 31, 2026.
- Auditors issued a qualified opinion due to going concern uncertainty and impairment assessment issues.
- The company is currently under Corporate Insolvency Resolution Process (CIRP).
- Financial results were signed by Ms. Kanak Jani, Resolution Professional.
Price Impact
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