Premier Limited, currently undergoing the Corporate Insolvency Resolution Process (CIRP) as per an NCLT Mumbai order dated January 29, 2021, has announced its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The results, prepared on a going concern basis by the Resolution Professional (RP) Ms. Kanak Jani, report a net loss of Rs 176 Lakhs for the quarter ended March 31, 2026, compared to a net loss of Rs 175 Lakhs for the quarter ended December 31, 2025, and a net loss of Rs 233 Lakhs for the corresponding quarter ended March 31, 2025.

*Note: Percentage change represents the reduction in loss.

Premier Limited is an industrial entity whose manufacturing activities at its Chakan plant have remained suspended since March 3, 2020, due to a lack of working capital. Under the CIRP, the powers of the Board of Directors are suspended and vested in the Resolution Professional. The Committee of Creditors (CoC) previously approved a resolution plan submitted by Fab Metals Pvt. Ltd. in January 2022, and approval from the Hon’ble NCLT is currently in progress. Additionally, the company recently received compensation of Rs 164 Lakhs related to a land parcel acquired by the Dedicated Freight Corridor Corporation (DFCC), which has been recognized as other income in the 2026 financial results.