PREMIER2023-04-012023-06-30 PREMIER2023-04-012023-06-30in-bse-fin:OneOperatingExpenses01Member PREMIER2023-06-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 500540 PREMIER NOTLISTED Premier Limited Equity 2023-04-01 2024-03-31 2023-08-14 2023-08-04 INR Lakhs First quarter 14:00:00 16:30:00 2023-08-14 2023-08-14 Not applicable Single segment ENGINEERING 2023-04-01 2023-06-30 Unaudited Standalone 0.00 1500000.00 1500000.00 0.00 0.00 0.00 0.00 4200000.00 23500000.00 5900000.00 33600000.00 -32100000.00 0.00 -32100000.00 0.00 0.00 0.00 0.00 -32100000.00 0.00 0.00 0.00 0.00 -32100000.00 0.00 -32100000.00 0.00 0.00 303700000.00 10 -1.06 -1.06 0.00 0.00 -1.06 -1.06 (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 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 have approved the resoluttion 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. (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) The Company is having funds available of Rs.27.45 lakhs in its separately earmarked Unclaimed Fixed Deposits bank account . Since these amounts remained unclaimed for more than 7 years as at 30th June, 2023, they were due for transfer to the Investor Education & Protection Fund (IEPF). The Company is 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 June, 2023 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 for the quarter ended 31st March, 2023 are the balancing figures between the audited figures in respect of the full previous financial year and the unaudited published year-to-date figures up to the third quarter of the relevant financial year, which were subjected to limited review. (8) Previous period/year figures have been regrouped / restated and / or rearranged wherever necessary. Other Expenses 5900000.00 0.00 0.00