News Stocks Premier Polyfilm Limited Announces Change in Statutory Auditor Following Firm MergerPremier Polyfilm Limited Announces Change in Statutory Auditor Following Firm Merger
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.
*this image is generated using AI for illustrative purposes only.
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 |
| 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 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.44% | -0.13% | +13.91% | +4.44% | -25.50% | +37.38% |
15
