Premier Polyfilm Clarifies Auditor Appointment Details

Premier Polyfilm Limited has issued an addendum to its postal ballot notice, correcting a clerical error in the name of the proposed statutory auditor. The correct name of the auditor firm is M/s A D V AND CO LLP. The proposed annual fee for these auditors is ₹1,25,000 plus applicable GST for the fiscal year 2025-2026.

Shareholders who have already cast their votes have the opportunity to modify them. This must be done by April 30, 2026, which marks the end of the e-voting period. The postal ballot process began on April 1, 2026. Upon member approval via the postal ballot, the appointment of M/s A D V AND CO LLP as Statutory Auditors for FY 2025-2026 will become effective. Results of the ballot are expected within two working days after April 30, 2026.

Accurate identification of statutory auditors is crucial for maintaining transparency and adhering to corporate governance norms. This correction ensures all official communications and records correctly reflect the appointed auditor, underscoring the company's commitment to procedural accuracy in critical appointments.

Premier Polyfilm, a manufacturer of BOPP films, has a history of engaging shareholders through postal ballots for significant decisions, a standard mechanism for obtaining member approval on matters like director appointments and related-party transactions.

The company has faced past regulatory issues, including a ₹3 lakh fine from SEBI in December 2024 for related-party transaction (RPT) violations and a ₹50,000 penalty from the NSE in February 2026 for delayed RPT disclosures. These events highlight the importance of consistent compliance vigilance.

Key players in India's flexible packaging sector, such as UFlex Ltd and EPL Limited, also appoint statutory auditors and maintain robust corporate governance frameworks, regularly seeking shareholder approvals to ensure transparency.

Investors will be monitoring the results of the postal ballot to confirm the official appointment of M/s A D V AND CO LLP. Additionally, the company's ongoing adherence to SEBI and exchange regulations, particularly after past penalties, and its financial results for FY 2025-2026 will be points of interest.