Premier Limited to Conduct 80th AGM Amidst Ongoing Insolvency Proceedings

Premier Limited (In CIRP) has scheduled its 80th Annual General Meeting (AGM) for September 30, 2026, at 12:30 PM IST via Video Conferencing (VC) and Other Audio-Visual Means (OAVM).

Reader Takeaway: Statutory AGM proceedings for an insolvent firm, with governance remaining strictly under the Resolution Professional's control.

What just happened

The company has issued notice for its 80th AGM to comply with statutory mandates. The agenda includes the adoption of standalone and consolidated financial statements for the fiscal year ended March 31, 2026, and the re-appointment of Mrs. Rohita M. Doshi as a director by rotation.

Why this matters

As the company is undergoing Corporate Insolvency Resolution Process (CIRP) since January 2021, the Board of Directors remains suspended. The AGM is being convened under the authority of the Resolution Professional, Ms. Kanak Jani, to meet mandatory compliance requirements. The re-appointment of directors is subject to the final Resolution Plan approved by the NCLT.

Voting and Important Dates

• Cut-off date for e-voting eligibility: September 23, 2026.
• Book closure period: September 24 to September 30, 2026.
• Remote e-voting window: September 26, 2026, to September 29, 2026.
• Ms. Anisha Jhunjhunwala has been appointed as the Scrutinizer for the voting process.

Context

Premier Limited has been under insolvency proceedings following an NCLT Mumbai order dated January 29, 2021. Shareholders should view this meeting as a procedural requirement rather than a signal of change in operational control.