Premier Polyfilm Limited — Important, 08-02-2025: Updates

Premier Polyfilm Limited has submitted the Notice of Postal Ballot, detailing key resolutions for member approval through remote e-voting. Two significant items are on the agenda:

1. **Appointment of Non-Executive Independent Director**: The company proposes to appoint Shri Manish Bajoria as a Non-Executive Independent Director, effective from January 27, 2025, for a term of five years. His background in auditing and taxation aligns with the company’s governance needs, especially following the upcoming vacancy due to the term completion of Smt. Rashmee Singhania.

2. **Approval of Related Party Transactions**: The proposed related party transactions with RMG Polyvinyl India Limited for FY 2025-2026 are anticipated to exceed ₹10,000 crore. These transactions, which include sales and purchases of materials, are crucial for revenue generation and profitability, driven by competitive market terms. The Audit Committee has vetted these arrangements, confirming they will be conducted at arm's length and are in the company’s best interest.

Voting will take place from February 10, 2025, to March 11, 2025. Members are encouraged to participate via the provided e-voting platform.