Premier Polyfilm: Promoter Relative Manvi Goenka Acquires Additional Shares

1 min read     Updated on 02 Mar 2026, 10:31 AM
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Reviewed by
Riya DScanX News Team
Overview

Premier Polyfilm Limited received regulatory disclosure regarding share acquisition by promoter relative Manvi Goenka, who purchased 63,140 equity shares through open market on 27-02-2026. The acquisition increased her shareholding from 0.13% to 0.19% of total equity, with proper compliance under SEBI regulations and notifications sent to stock exchanges and company officials.

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Premier Polyfilm Limited has received official disclosure under SEBI regulations regarding the acquisition of equity shares by Manvi Goenka, an immediate relative of the company's promoters. The transaction was completed through open market purchases and has been formally reported to stock exchanges and regulatory authorities through comprehensive documentation.

Share Acquisition Details

The acquisition involved a purchase of equity shares through open market transactions, with specific details outlined in the regulatory filing:

Parameter: Details
Shares Acquired: 63,140
Percentage of Total Shareholding: 0.06%
Transaction Date: 27-02-2026
Mode of Acquisition: Open Market
Disclosure Date: 28-02-2026

Shareholding Position Analysis

The disclosure provides a comprehensive view of Manvi Goenka's shareholding position before and after the transaction:

Holding Period: Number of Shares Percentage
Before Acquisition: 1,39,762 0.13%
Shares Acquired: 63,140 0.06%
After Acquisition: 2,02,902 0.19%

Company Capital Structure

Premier Polyfilm Limited's equity share capital remained unchanged following this transaction. The company maintains its existing capital structure with specific parameters:

Capital Details: Amount/Shares
Total Equity Share Capital: Rs. 10,47,42,475
Number of Equity Shares: 10,47,42,475 shares of Rs. 1 each
Diluted Share Capital: Rs. 10,47,42,475

Regulatory Compliance and Documentation

The disclosure was made in accordance with Regulation 29(2) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Manvi Goenka, being an immediate relative of the promoters, falls under the promoter group category and is required to make such disclosures for transparency and regulatory compliance.

Notifications were sent to multiple stakeholders including BSE Limited, National Stock Exchange of India Limited, the company's compliance officer, and the chairperson of the audit committee. The formal disclosure ensures all relevant parties are informed of the shareholding changes within the promoter group structure. The company secretary Heena Soni facilitated the regulatory filing process on behalf of Premier Polyfilm Limited.

Historical Stock Returns for Premier Polyfilm

1 Day5 Days1 Month6 Months1 Year5 Years
-4.03%-0.55%+11.87%+0.38%-27.21%+32.21%

Premier Polyfilm Limited Announces Change in Statutory Auditor Following Firm Merger

2 min read     Updated on 26 Feb 2026, 12:14 PM
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Reviewed by
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Overview

Premier Polyfilm Limited announced a change in statutory auditor from M/s M A R S & Associates to M/s A D V AND CO LLP following a merger effective February 11, 2026. The merger was approved by ICAI, with all audit responsibilities transferring to the new firm. The company will seek board and shareholder approval for the auditor appointment as per regulatory requirements.

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Premier Polyfilm Limited has announced a change in its statutory auditor firm following a merger between audit firms. The company informed BSE Limited and National Stock Exchange of India Limited about this development through a regulatory filing dated February 26, 2026.

Merger Details and Timeline

The company received intimation via email on February 25, 2026 at 16:15 hours from its current statutory auditor, M/s M A R S & Associates, regarding the firm's merger with M/s A D V AND CO LLP. The merger became effective from February 11, 2026, with approval from the Institute of Chartered Accountants of India (ICAI).

Parameter Details
Merger Effective Date February 11, 2026
Intimation Received February 25, 2026 at 16:15 hours
Regulatory Approval Institute of Chartered Accountants of India (ICAI)
Current Auditor M/s M A R S & Associates
New Auditor Firm M/s A D V AND CO LLP

Impact on Audit Services

As a result of the merger, M/s M A R S & Associates has ceased to exist as a separate entity. All engagements, responsibilities, and professional obligations of the erstwhile firm have been assumed by M/s A D V AND CO LLP. The audit firm has assured continuity of service, with the same partners and professional staff handling Premier Polyfilm's audit engagement under the new merged firm's banner.

New Auditor Firm Details

A D V AND CO LLP will serve as the company's new statutory auditor following the necessary approvals. The firm's registration details and contact information have been updated accordingly.

Particulars Details
Firm Name A D V AND CO LLP
Registration Number 003467N/N500463
Head Office 202 JAIN BHAWAN 18/12 WEA, PUSA LANE KAROL BAGH, NEW DELHI-110005
Branch Office E-15/144-145, SECOND FLOOR, SHIVA ROAD, SECTOR-8, ROHINI, DELHI-110085
Email advandcollp@gmail.com
Contact Number 011-49856999

Regulatory Compliance and Next Steps

Premier Polyfilm Limited proposes to formally record this change and appoint M/s A D V AND CO LLP as its statutory auditor, subject to approval from the Board of Directors and company members as required under the Companies Act, 2013 and other applicable laws. The company will submit detailed disclosure as required under Regulation 30 read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 upon board approval.

The new audit firm will issue a revised engagement letter to Premier Polyfilm Limited separately, ensuring all regulatory formalities are completed for the transition. This change ensures continuity in audit services while maintaining compliance with statutory requirements.

Historical Stock Returns for Premier Polyfilm

1 Day5 Days1 Month6 Months1 Year5 Years
-4.03%-0.55%+11.87%+0.38%-27.21%+32.21%

More News on Premier Polyfilm

1 Year Returns:-27.21%