Premier Limited — Board Meeting, 22-05-2025: Outcome of Board Meeting

Premier Ltd has announced a board meeting approving its audited consolidated financial results for FY 2025, posting a net loss of Rs 814 Lakhs. Operations remain suspended due to working capital issues, and net worth is fully eroded. Manufacturing at the Chakan plant has been halted since March 2020. The company is still under the Corporate Insolvency Resolution Process, with a resolution plan approved by creditors and awaiting NCLT approval. No dividend has been declared. Key management vacancies persisted during the year, but the company continues as a going concern pending resolution finalization.