PREMIER2024-07-012024-09-30 PREMIER2024-07-012024-09-30 PREMIER2024-07-012024-09-30in-bse-fin:OneOperatingExpenses01Member PREMIER2024-07-012024-09-30in-bse-fin:OneOperatingExpenses02Member PREMIER2024-07-012024-09-30in-bse-fin:OneOperatingExpenses03Member PREMIER2024-07-012024-09-30in-bse-fin:OneOperatingExpenses04Member PREMIER2024-07-012024-09-30in-bse-fin:OneOperatingExpenses05Member PREMIER2024-07-012024-09-30in-bse-fin:OneOperatingExpenses06Member PREMIER2024-07-012024-09-30in-bse-fin:OneOperatingExpenses07Member PREMIER2024-07-012024-09-30in-bse-fin:OneOperatingExpenses08Member PREMIER2024-07-012024-09-30in-bse-fin:OneOperatingExpenses09Member PREMIER2024-07-012024-09-30in-bse-fin:OneOperatingExpenses10Member PREMIER2024-07-012024-09-30in-bse-fin:FourOperatingExpenses01Member PREMIER2024-07-012024-09-30in-bse-fin:FourOperatingExpenses02Member PREMIER2024-07-012024-09-30in-bse-fin:FourOperatingExpenses03Member PREMIER2024-07-012024-09-30in-bse-fin:FourOperatingExpenses04Member PREMIER2024-07-012024-09-30in-bse-fin:FourOperatingExpenses05Member PREMIER2024-07-012024-09-30in-bse-fin:FourOperatingExpenses06Member PREMIER2024-07-012024-09-30in-bse-fin:FourOperatingExpenses07Member PREMIER2024-07-012024-09-30in-bse-fin:FourOperatingExpenses08Member PREMIER2024-07-012024-09-30in-bse-fin:FourOperatingExpenses09Member PREMIER2024-07-012024-09-30in-bse-fin:FourOperatingExpenses10Member PREMIER2024-09-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 500540 PREMIER NOTLISTED Premier Limited Equity 2024-04-01 2025-03-31 2024-11-14 2024-11-08 INR Lakhs Half yearly 12:00:00 16:35:00 2024-11-14 2024-11-14 true Cash Flow Indirect Not applicable Single segment ENGINEERING 2024-07-01 2024-09-30 Unaudited Consolidated 0.00 2400000.00 2400000.00 0.00 0.00 0.00 0.00 3700000.00 14000000.00 4300000.00 22000000.00 -19600000.00 0.00 -19600000.00 0.00 0.00 0.00 0.00 -19600000.00 0.00 0.00 0.00 0.00 -19600000.00 0.00 -19600000.00 0.00 0.00 303726000.00 10 0.65 0.65 0.00 0.00 0.65 0.65 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 Directors are suspended since CIRP initiation, and erstwhile Management has resigned, these financial results have been prepared by the company and have been taken on record by the Resolution Professional Ms. Kanak Jani [IP Registration no. IBBIIPA-001/IP-P-01757/2019-2020/12685). These unaudited standalone 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 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 currentily 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'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. 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 September, 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 standalone financial results for the quarter ended 30th September, 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. Previous period/year figures have been regrouped/restated and/or rearranged wherever necessary. Single segment 2024-04-01 2024-09-30 Unaudited Consolidated 0.00 4830000.00 4830000.00 0.00 0.00 0.00 0.00 7497000.00 27937000.00 8276000.00 43710000.00 -38880000.00 0.00 -38880000.00 0.00 0.00 0.00 0.00 -38880000.00 0.00 0.00 0.00 0.00 -38880000.00 0.00 -38880000.00 0.00 0.00 303726000.00 10 -1.28 -1.28 0.00 0.00 -1.28 -1.28 Insurance 0.00 Net Loss on foreign currency transaction 0.00 Other Assets 0.00 Other expenses 4300000.00 Printing & Stationary Expenses 0.00 Professional & Legal fees 0.00 Remuneration to Auditors 0.00 Rent 0.00 Repairs and Maintenance of other Assets 0.00 Travelling and conveyance 0.00 Insurance 100000.00 Net Loss on foreign currency transaction 21000.00 Other Assets 1000.00 Other expenses 2134000.00 Printing & Stationary Expenses 1000.00 Professional & Legal fees 3258000.00 Remuneration to Auditors 100000.00 Rent 2288000.00 Repairs and Maintenance of other Assets 1000.00 Travelling and conveyance 372000.00 323333000.00 35195000.00 859722000.00 0.00 0.00 25000.00 0.00 19475000.00 29456000.00 48956000.00 0.00 371873000.00 1639079000.00 0.00 0.00 0.00 140037000.00 13875000.00 64838000.00 537000.00 219287000.00 1689000.00 6423000.00 227399000.00 0.00 0.00 1866478000.00 303995000.00 -3640669000.00 -3336674000.00 -3336674000.00 98051000.00 0.00 0.00 98051000.00 51055000.00 0.00 149106000.00 1677010000.00 155243000.00 2784335000.00 4616588000.00 429472000.00 7986000.00 0.00 0.00 5054046000.00 0.00 0.00 5203152000.00 1866478000.00 7483000.00 0.00 0.00 -77000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1138000.00 0.00 27937000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4378000.00 0.00 245000.00 0.00 0.00 0.00 0.00 0.00 32348000.00 -6532000.00 0.00 0.00 0.00 390000.00 0.00 -6922000.00 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 4348000.00 0.00 0.00 0.00 4348000.00 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 -2574000.00 0.00 -2574000.00 142611000.00 140037000.00 0.00 0.00 0.00 0.00