Premier Synthetics has dispatched its annual report and notice for the 56th Annual General Meeting (AGM) for the financial year ending March 31, 2026. The meeting is scheduled for Monday, September 28, 2026.

The company confirmed the dispatch of documents to shareholders in compliance with the Companies Act, 2013 and SEBI Listing Regulations. Vinod Kanubhai Rana, Company Secretary, issued the communication on August 29, 2026.

Dispatch Details

The Annual Report and AGM notice have been sent electronically to shareholders with registered email IDs with their depository participants. For members without registered emails, the notice along with a link to access the full annual report has been couriered.

Shareholders can also view the documents on the company’s official website. The announcement was made pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Schedule

The 56th AGM will commence at 11:00 am at the company’s registered office in Ahmedabad. Shareholders will convene to approve the financial statements for FY26. No dividend declaration or other specific agenda items were detailed in this intimation.

Premier Synthetics Ltd reported a net profit of ₹21.87 lakh for the first quarter of FY27 (ended June 30, 2026), marking a significant turnaround from the ₹5.12 lakh profit recorded in the corresponding period of FY26. The Ahmedabad-based textile trading firm also saw its revenue from operations contract by nearly 60% to ₹134.05 lakh, down from ₹321.64 lakh in Q1FY26.

The Board of Directors approved the unaudited financial results and the limited review report submitted by the statutory auditors during a meeting held on August 14, 2026. The company operates in a single segment focused on the trading of textiles.

Financial Performance

While top-line growth slowed, profitability improved due to lower operational costs and reduced finance expenses. Total income stood at ₹160.91 lakh against total expenses of ₹139.04 lakh.

Key expense components included purchases of stock-in-trade at ₹145.83 lakh and employee benefits at ₹4.04 lakh. Finance costs dropped significantly to ₹0.49 lakh from ₹11.66 lakh in the previous year’s quarter.

What the Numbers Show

A notable divergence exists between revenue contraction and profit expansion. While revenue fell 58%, net profit surged over 300%. This improvement was driven primarily by a disproportionate reduction in expenses; total expenses declined 59%, outpacing the revenue drop. Specifically, finance costs decreased by more than 95%, contributing to a wider margin despite lower sales volume.

Auditor Appointment

The board addressed corporate governance matters by retiring M/s. Purushottam Khandelwal & Co. as statutory auditor due to the expiry of their tenure. In their place, the company appointed M/s. A H Mandaliya & Associates, Chartered Accountants (Firm Registration No. 146705W, Peer Review No. 021688), as the new statutory auditor for a term of five years, subject to shareholder approval at the upcoming Annual General Meeting.

The appointment was based on the recommendation and approval of the Audit Committee. The new audit firm, based in Ahmedabad, brings over eight years of experience in accounting, auditing, taxation services, GST compliances, litigation, and bank audits. The appointment aligns with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026.