Premier Synthetics Limited Reports No Deviation in IPO Proceeds Usage for Q4FY26

1 min read     Updated on 11 Apr 2026, 12:57 AM
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AI Summary

Premier Synthetics Limited has submitted its Q4FY26 Statement of Deviation to BSE, confirming no deviations in IPO proceeds usage and maintaining unchanged share capital structure. The company reported no corporate actions including buybacks, bonus issues, or employee stock options over the last three financial years, demonstrating regulatory compliance under SEBI LODR requirements.

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Premier Synthetics Limited has filed its quarterly compliance statement with BSE Limited, confirming no deviation in the utilization of proceeds from its Initial Public Offer (IPO) for the quarter ended 31st March, 2026. The submission was made on 10th April, 2026, in accordance with Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance Statement

The company has formally confirmed that there have been no deviations or variations in the use of public issue proceeds raised from its IPO. This statement was submitted pursuant to SEBI Circular No. CIR/CFD/CMD1/162/2019 dated 24th December, 2019, demonstrating the company's commitment to regulatory transparency and compliance.

Share Capital Structure Remains Unchanged

Premier Synthetics has maintained a stable share capital structure over the last three financial years. The company provided detailed confirmation regarding various corporate actions:

Corporate Action: Status
Buy Back of Securities: No securities bought back
Sweat Equity Shares: No sweat equity shares issued
Bonus Shares: No bonus shares issued
Public Issue/Right Issue/QIP: No such issues undertaken
Employee Stock Option Plan: No stock option scheme provided

Regulatory Framework Applicability

The company has clarified that Regulation 32 of SEBI (LODR) Regulations, 2015, which pertains to the Statement of Deviation or Variation for proceeds of Public Issue, Right Issue, Preferential Issue, and QIP, is not applicable to the company given its current corporate structure and activities.

Company Information

The filing was signed by Vinod Rana, Company Secretary (ICSI Membership No. A47963), on behalf of Premier Synthetics Limited. The company operates under CIN L70100GJ1970PLC100829 and maintains its registered office in Ahmedabad, Gujarat, with manufacturing facilities in Gandhinagar district.

Historical Stock Returns for Premier Synthetics

1 Day5 Days1 Month6 Months1 Year5 Years
+8.33%+9.52%+12.84%-20.37%-17.06%-13.57%

What are Premier Synthetics' strategic plans for utilizing the IPO proceeds in the upcoming quarters?

Will the company consider any capital restructuring activities like bonus issues or buybacks in the next financial year?

How might Premier Synthetics' stable capital structure position it for potential expansion or acquisition opportunities?

Premier Synthetics Limited Submits Q4 FY26 Compliance Certificate Under SEBI Regulations

1 min read     Updated on 11 Apr 2026, 12:51 AM
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Reviewed by
Radhika SScanX News Team
AI Summary

Premier Synthetics Limited submitted its Q4 FY26 confirmation certificate under SEBI Regulation 74(5) on 10th April, 2026. The certificate, issued by Registrar & Transfer Agent Skyline Financial Services Private Limited, confirms no physical share certificates were received for dematerialization during the quarter ended 31st March, 2026, maintaining regulatory compliance.

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Premier synthetics Limited has completed its quarterly regulatory filing by submitting the confirmation certificate under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st March, 2026. The compliance document was filed with BSE Limited on 10th April, 2026.

Regulatory Compliance Details

The certificate submission relates to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, which mandates quarterly reporting regarding dematerialization activities. Company Secretary Vinod Kanubhai Rana signed and submitted the document to BSE's Department of Corporate Service.

Parameter: Details
Filing Date: 10th April, 2026
Quarter Covered: Q4 FY26 (ended 31st March, 2026)
Regulation: SEBI Regulation 74(5)
BSE Scrip Code: 509835

Certificate Confirmation

Skyline Financial Services Private Limited, serving as the company's Registrar & Transfer Agent, issued the confirmation certificate dated 1st April, 2026. The certificate confirms that no physical share certificates were received for dematerialization of equity shares during the quarter ended 31st March, 2026.

Parveen Sharma, as the authorized signatory for Skyline Financial Services Private Limited, validated the certificate. The document specifically addresses the dematerialization status of the company's equity shares under the CIN L70100GJ1970PLC100829.

Company Information

Premier Synthetics Limited operates from its registered office at Surana House, behind Klassic Chambers, Swastik Cross Road, opposite Narnarayan Complex, Navrangpura, Ahmedabad-380009, Gujarat. The company maintains regular communication channels through phone numbers 079-26430946 and 079-26431558, with email contact at premiersynthetics@gmail.com .

This quarterly filing demonstrates the company's continued adherence to SEBI's regulatory framework for depositories and participants, ensuring transparency in share dematerialization processes.

Historical Stock Returns for Premier Synthetics

1 Day5 Days1 Month6 Months1 Year5 Years
+8.33%+9.52%+12.84%-20.37%-17.06%-13.57%

What factors might be contributing to Premier Synthetics' lack of physical share dematerialization activity, and could this indicate changing investor behavior patterns?

How might Premier Synthetics' compliance track record with SEBI regulations impact its ability to access capital markets for future expansion plans?

Will Premier Synthetics consider transitioning to a fully digital share certificate system to streamline future regulatory compliance processes?

More News on Premier Synthetics

1 Year Returns:-17.06%