Premier Ltd Reports Q3 Loss of Rs. 411 Lakhs, Net Worth Completely Eroded

Premier Ltd, a company under Corporate Insolvency Resolution Process (CIRP), has reported a loss of Rs. 411 Lakhs for the quarter ended 31st December 2025. The company's net worth has been completely eroded and the operations have remained suspended due to lack of working capital. The financial results have been prepared on a going concern basis, but there is a material uncertainty that may cast significant doubt on the entity’s ability to continue as a going concern. The company has not assessed impairment of carrying value of property, plant and equipment, capital work in progress and intangible assets. The amount of claim admitted by the Resolution Professional may be different than the amount reflecting in the financial results of the Company. The company has delayed transferring unclaimed matured fixed deposits & interest thereon amounting to Rs. 46.55 lakhs to the Investor Education & Protection Fund.