Premier Limited — Board Meeting, 11-08-2025: Outcome of Board Meeting

Premier Ltd., currently under Corporate Insolvency Resolution Process (CIRP), reported a consolidated net loss of Rs 1.94 Cr for Q1 FY26. The company generated minimal revenue, and its manufacturing operations remain suspended since March 2020 due to working capital challenges. Auditors issued a qualified opinion, highlighting the complete erosion of net worth and significant doubt about the company's ability to continue as a going concern. A resolution plan was previously approved by the Committee of Creditors and is now awaiting final approval from the NCLT.