Premier Ltd Reports Q3 Loss, Net Worth Erased Amid Corporate Insolvency Resolution Process

Premier Ltd, a company under Corporate Insolvency Resolution Process (CIRP), has reported a loss for the quarter ended 31st December 2025. The net worth of the company has been completely eroded as of the same period. The company's operations have remained suspended due to lack of working capital. The company has not assessed impairment of carrying value of property, plant and equipment, capital work in progress and intangible assets. The Resolution Professional is managing the operations of the company on a going concern basis during the CIRP. The approved resolution plan's terms and conditions are not available to the auditor for comment on possible financial impacts.