PREMIER2024-01-012024-03-31 PREMIER2024-01-012024-03-31 PREMIER2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member PREMIER2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member PREMIER2024-03-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 500540 PREMIER NOTLISTED Premier Limited Equity 2023-04-01 2024-03-31 2024-05-24 2024-05-17 INR Lakhs Yearly 17:00:00 19:20:00 2024-05-24 2024-05-24 true Cash Flow Indirect Statement on impact of audit qualification Single segment Engineering 2024-01-01 2024-03-31 Audited Consolidated 0.00 3800000.00 3800000.00 0.00 0.00 0.00 0.00 3900000.00 14100000.00 4400000.00 22400000.00 -18600000.00 0.00 -18600000.00 0.00 0.00 0.00 0.00 -18600000.00 0.00 0.00 0.00 0.00 -18600000.00 0.00 -18600000.00 0.00 0.00 303700000.00 10 -0.61 -0.61 0.00 0.00 -0.61 -0.61 1)The Company is undergoing Corporate Insolvency Resolution Process (“CIRP”) vide order no. C.P. (IB) 1224/MB/2020 pronounced 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). Pursuant to the order, the management of 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, and erstwhile Management has resigned, these financial results have been prepared by the company and have been signed by the Resolution Professional Ms. Kanak Jani [IP Registration no.IBBI/IPA-001/IP-P-01757/2019-2020/12685]. These audited consolidated financial results for the quarter and year ended 31st March, 2024 have been prepared in accordance with the Indian Accounting Standards ( Ind-AS ) as specified under Section 133 of the Companies Act, 2013 read with rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 (as amended from time to time) and the provisions of the Companies Act, 2013. 2)The above audited consolidated financial results for the quarter & year ended 31st March, 2024 were audited by the Statutory Auditor of the Company, under Regulation 33 of Securities & Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. A qualified report was issued by them thereon. 3)The Committee of Creditors (COC), in its 17th meeting held on 22nd January, 2022, discussed the Resolution plans submitted by the seven prospective resolution applicants (PRA) and had approved the resolution 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. Accordingly, the further approval from the Hon’able NCLT, Mumbai Bench is in progress currently. 4)The Company is being managed as a going concern during the CIRP. As mentioned in note no. 2 above the CIRP period shall continue till the Resolution Plan accepted by the CoC is approved by Hon’able NCLT, Mumbai Bench. The future prospects of the Company would be determined on the completion of CIRP. Therefore, the financial results have been prepared on a going concern basis. 5)The manufacturing activities at Company's plant at Chakan remain suspended since 3rd March, 2020 due to lack of working capital as reported during the previous quarters/year end. Further, the operations remain affected due to the inability of the Company to function normally and continuing suspension of production post mid March 2020. 6)There has been a delay in transferring unclaimed matured fixed deposits & interest thereon amounting to Rs. 36.16 lakhs to the Investor Education & Protection Fund (“IEPF”) in compliance with the provisions of section 125 of the Companies Act, 2013, which was due for transfer as at 31st March, 2024. However, the entire amount is already funded by the Company and maintained in designated bank accounts. We are in the process of transferring the said amount to the IEPF as per Section 125 of the Companies Act, 2013. 7)The figures for the quarter ended March are the balancing figures between the audited figures in respect of the full financial year and the unaudited, reviewed and published year to date figures upto the quarter ended 31st December for the respective financial year. 8)Previous period/year figures have been regrouped / restated and / or rearranged wherever necessary. Single segment 2023-04-01 2024-03-31 Audited Consolidated 0.00 8918000.00 8918000.00 0.00 0.00 0.00 0.00 16343000.00 77142000.00 19515000.00 113000000.00 -104082000.00 0.00 -104082000.00 0.00 0.00 0.00 0.00 -104082000.00 0.00 0.00 0.00 0.00 -104082000.00 0.00 -104082000.00 0.00 0.00 303700000.00 10 0.00 -3.43 -3.43 0.00 0.00 -3.43 -3.43 Other Expenses 4400000.00 Other Expenses 19515000.00 351270000.00 35195000.00 859722000.00 0.00 0.00 0.00 0.00 25000.00 0.00 0.00 19475000.00 29003000.00 48478000.00 0.00 371873000.00 1666563000.00 0.00 0.00 0.00 142611000.00 13835000.00 64838000.00 547000.00 221831000.00 1299000.00 7023000.00 230153000.00 0.00 0.00 1896716000.00 303995000.00 -3601788000.00 -3297793000.00 -3297793000.00 0.00 0.00 97560000.00 97560000.00 51055000.00 0.00 0.00 2784208000.00 2932823000.00 1671103000.00 154735000.00 14642000.00 1840480000.00 413220000.00 7986000.00 0.00 0.00 2261686000.00 0.00 0.00 5194509000.00 1896716000.00 16337000.00 0.00 0.00 0.00 0.00 0.00 4000.00 0.00 0.00 700000.00 0.00 0.00 0.00 77142000.00 0.00 0.00 0.00 0.00 0.00 59000.00 0.00 8052000.00 0.00 576000.00 0.00 0.00 0.00 0.00 0.00 86766000.00 -17316000.00 0.00 0.00 0.00 805000.00 0.00 -18121000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8169000.00 0.00 -435000.00 0.00 7734000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 42000.00 0.00 0.00 -42000.00 -10429000.00 0.00 -10429000.00 153042000.00 142613000.00