PREMIER2024-04-012024-06-30 PREMIER2024-04-012024-06-30in-bse-fin:OneOperatingExpenses01Member PREMIER2024-04-012024-06-30in-bse-fin:OneOperatingExpenses02Member PREMIER2024-04-012024-06-30in-bse-fin:OneOperatingExpenses03Member PREMIER2024-04-012024-06-30in-bse-fin:OneOperatingExpenses04Member PREMIER2024-04-012024-06-30in-bse-fin:OneOperatingExpenses05Member PREMIER2024-04-012024-06-30in-bse-fin:OneOperatingExpenses06Member PREMIER2024-04-012024-06-30in-bse-fin:OneOperatingExpenses07Member PREMIER2024-04-012024-06-30in-bse-fin:OneOperatingExpenses08Member PREMIER2024-06-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 500540 PREMIER NOTLISTED Premier Limited Equity 2024-04-01 2025-03-31 2024-08-13 2024-08-05 INR Lakhs First quarter 11:30:00 14:20:00 2024-08-13 2024-08-13 Not applicable Single segment ENGINEERING 2024-04-01 2024-06-30 Unaudited Consolidated 0.00 2480000.00 2480000.00 0.00 0.00 0.00 0.00 3813000.00 13968000.00 3948000.00 21729000.00 -19249000.00 0.00 -19249000.00 0.00 0.00 0.00 0.00 -19249000.00 0.00 0.00 0.00 0.00 -19249000.00 0.00 -19249000.00 0.00 0.00 303726000.00 10 -0.63 -0.63 0.00 0.00 -0.63 -0.63 1) The Company is undergoing Corporate Insolvency Resolution Process ( CIRP ) vide order no CP (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 Directors 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 unaudited consolidated financial results 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 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 have 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'ble NCLT Mumbai Bench is in progress currently 3) 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'ble 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 4) 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 5) There has been a delay in transferring unclaimed matured fixed deposits & interest thereon amounting to Rs 45.54 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 30th June 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 6) The above unaudited consolidated financial results for the quarter ended 30th June 2024 are reviewed by the Statutory Auditor of the Company under regulation 33 of Securities & exchange Board of India (Listing obligation and disclosure requirements) regulation 2015 as amended A qualified limited review report was issued by them thereon 7) The figures of the quarter ended March 31 2024 and the corresponding quarter ended in the previous year as reported in these financial results are the balancing figures between the audited figures in respect of the full financial year and the published year to date figures up to the end of the third quarter of the relevant financial year 8) Previous period/year figures have been regrouped / restated and / or rearranged wherever necessary Insurance 53000.00 Net Loss on foreign currency transaction 4000.00 Other Expenses 880000.00 Professional and Legal Fees 1736000.00 Remuneration of Auditors -50000.00 Rent 1144000.00 Repairs and Maintenance of other Assets 1000.00 Travelling and conveyance 180000.00 0.00 0.00