Reply to Clarification- Financial results

Kanak Jani Chartered Accountant & Insolvency Professional IBBI Reg No. IBBI/IPA-001/IP-P-01757/2019 -2020/12685 Date: 12th February, 2026 National Stock Exchange of India Ltd Listing Department ’Exchange Plaza’, Bandra-Kurla Complex, Bandra (E), Mumbai 400051 NSE Symbol: PREMIER Subject: Re. Email dated 11th February 2026 about the deficiency or non-submission Dear Sir/ Ma’am, This is with reference to your E-mail dated 11th February 2026 pertaining to deficiency/ non submission in Outcome of Board Meeting-Financial Results for the period ended March 31, 2023. Query 1: Segment details not submitted Reply: We would like to clarify that our company operates exclusively within a single business segment, specifically Engineering. As our operations are confined to this single segment, segment- wise reporting is not applicable or required under the current reporting standards. Therefore, in accordance with the applicable accounting and regulatory guidelines, we have not included segment reporting in our financial disclosures. Query 2: The company has not submitted the Statement of Modified Opinion or in case of unmodified opinion(s), a declaration to that effect to the Stock Exchange. Reply: This is to clarify that pursuant to the order dated January 29, 2021, passed by the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench, in C.P. (IB) No. 1224/MB/2020, Corporate Insolvency Resolution Process (CIRP) was initiated against Premier Limited (“the Company”) under the provisions of the Insolvency and Bankruptcy Code, 2016 (“the Code”). The undersigned was appointed as the Interim Resolution Professional (IRP) and subsequently confirmed as the Resolution Professional (RP) by the Committee of Creditors (CoC) and has been managing the affairs of the Company since then. In response to your email, we would like to inform you that Statement of Impact of Audit Qualification is already Attached in the Financial for the FY ended March 31, 2023, We kindly request you to re-verify the submitted document and take the same on record Registered. Office: 17, Sai Moreshwar Luxuria, Plot No. 74, Sector 18, Kharghar, Next to Sanjeevani International School, Navi Mumbai, Maharashtra -410210 Correspondence Office: 4th Floor, Indian Mercantile Mansion Extn, Madame Cama Road, Colaba, Mumbai 400005 Email Id: premier.cirp@gmail.com | Contact No: 9819875760 Kanak Jani Chartered Accountant & Insolvency Professional IBBI Reg No. IBBI/IPA-001/IP-P-01757/2019 -2020/12685 Query 3: Consolidated Reconciliation of profit and loss not submitted Reply: In response to your email, we wish to inform you that inadvertently two pages were missed during the earlier scanning process. The complete document has attached for your ready reference. We have also uploaded the revised and complete document on the BSE portal on 14th June 2023. Kindly take the same on record and oblige. Query 4: Financial results not signed by authorized signatory/ies Reply: This is to clarify that pursuant to the order dated January 29, 2021, passed by the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench, in C.P. (IB) No. 1224/MB/2020, Corporate Insolvency Resolution Process (CIRP) was initiated against Premier Limited (“the Company”) under the provisions of the Insolvency and Bankruptcy Code, 2016 (“the Code”). The undersigned was appointed as the Interim Resolution Professional (IRP) and subsequently confirmed as the Resolution Professional (RP) by the Committee of Creditors (CoC) and has been managing the affairs of the Company since then. In response to your query, we wish to clarify that the Financial Results have already been duly signed by the Authorized Signatory, i.e., Kanak Jani, Resolution Professional of the Corporate Debtor. We kindly request you to re-verify the submitted document and take the same on record. Thanking You, Yours Faithfully, For Premier Limited Kanak Jani Resolution Professional IP Reg. No: IBBI/IPA-001/IP-P-01757/2019 -2020/12685 AFA Valid till: 31-12-2026 Registered. Office: 17, Sai Moreshwar Luxuria, Plot No. 74, Sector 18, Kharghar, Next to Sanjeevani International School, Navi Mumbai, Maharashtra -410210 Correspondence Office: 4th Floor, Indian Mercantile Mansion Extn, Madame Cama Road, Colaba, Mumbai 400005 Email Id: premier.cirp@gmail.com | Contact No: 9819875760 PREMIERLTD. Regd.O ffice :169 Gat Village SawardariT aluka Khed (Chakan IndustrialA rea) Pune 410501 CIN: L34103PN1944PLCO20842 E-mail: investors@premier.co.in Statemento f Audited ConsolidatedF inancial Results for the Quartera nd Year ended 31st March, 2023 (Rs Lakhs) Consolidated Quarter ended Year ended Particulars 31.03.2023 31.12.2022 31.03.2022 31.03.2023 31.03.2022 (Unaudited/ (Unaudited/ (Audited) (Audited) (Audited) Reviewed) Reviewed) 1 Revenue from operations | 39 2 Other Income 20 7 35 44 3 Total Income 20 7 4 35 83 4 Expenses (a)Cost of materials consumed (b) Changes in inventorieso f finished goods, work in progress and stock-in 100 trade (c)|Employeeb enefitse xpense (d) Finance Costs 43 45 47 180 191 (e)Depreciationa nd Amortisation 178 260 293 1023 1342 (Loss on sale of fixed assets 600 (g)Other Expenses 61 51 86 197 311 TotalE xpenses 282 356 426 1401 2544 Profit /( Loss) before exceptionali tems 5 and taX (262) (349) (422) (1365) (2461) Exceptional ltems 7 Profit / (Loss) before tax (262) (349) (422) (1365) (2461) 8 Tax Expenses a) Current Tax - - b) Deferred Tax (212) (212) c) Provision for taxationfor earlier year 9 Net Profit/(Loss)f or the period (7-8) (262) (349) (210) (1365) (2249) 10 Other Comprehensive income (a) (i) items that will not be reclassified to Profit or loss (i) Income tax relating to items that will not be reclassified to Profit or loss. (b)() items that will be reclassified to Profit or loss. (ii) Income tax relating to items that will |be reclassifiedt o Profit or loss Total Comprehensive income for the 11 (262) (349) (210) (1365) (2249) period (9+10) Page 1 of 4 Paid-up Equity Share Capital (face 12 value Rs. 10 each) 3037 3037 3037 3037 3037 13 Earning per equity share (face value of (a) Basic (0.86) (1.15) (0.69) (4.49) (7.41) (b) Diluted (0.86) (1.15) (0.69) (4.49) (7.41) Notes: 1) The Company is undergoing Corporate Insolvency Resolution Process (CIRP") vide order no. C.P. (B) 1224/MB/2020p ronounced on 29th January,2021 by The Hon'ble National Company Law Tribunal ("NCLT"), Mumbai Bench under the provisions of the Insolvency and Bankruptcy Code, 2016 (the Code). Pursuantt o the order, the managemento f affairs of the Company and powers of the Board of Directors of the Company are now vested with the Resolution Professional( RP") who is appointed by the Hon'ble National Company Law Tribunal and reconfirmed by COC in first COC meeting . As the powers of the Board of Diretors are suspended since CIRP initiation, these financial results have been prepared by the company and have been signed by the Resolution ProfessionalM s. Kanak Jani IP Registrationn o.IBBI/IPA-001UIP-P-01757I2019-2020/12685]. 2) The Committee of Creditors (COC), in its 17th meeting held on 22nd January, 2022, discussed the Resolution plans submitted by the seven prospectiver esolution applicants (PRA) and have approved the resoluttion plan submitted by Fab Metals Pvt. Ltd. with 92.47% assent through e-voting. The same has already been disclosed to the Stock Exchanges on 26th January, 2022. Accordingy. the further approval from the Hon'able NCLT, Mumbai Bench is in progress currentlily. 3) The Company is being managed as a going concern during the CIRP. As mentioned in note no. 2 above the CIRP period shall continue til the Resolution Plan accepted by the CoC is approved by Hon'able NCLT, Mumbai Bench. The future prospects of the Company would be determinedo n the completion of CiRP. Therefore,t he financial results have been prepared on a going concern basis. 4) The manufacturing activities at Company's plant at Chakan remain suspended since 3rd March, 2020 due to lack of working capital as repo [Showing first 8,000 characters — download PDF for full document]