Premier Polyfilm Limited has announced the resignation of Independent Director Mr. Umesh Kumar Agarwalla from the company's Board of Directors, effective from the closing of business hours on January 12, 2026. The announcement was made through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details and Timeline

Mr. Agarwalla submitted his resignation letter on January 8, 2026, which was received by the company on January 12, 2026. The resignation becomes effective from the closing of business hours on the same date.

Reasons for Resignation

In his resignation letter, Mr. Agarwalla cited several professional reasons for stepping down from his position:

• Increasing business engagements
• Involvement in various other professional assignments
• Inability to devote sufficient time due to extensive travel commitments

The director confirmed that there were no other material reasons for his resignation beyond those stated above.

Board Impact and Compliance

With Mr. Agarwalla's resignation, he will also cease to be a member of any Board Committees, if applicable, with effect from January 12, 2026. The company has fulfilled its regulatory obligations by filing the necessary intimations with the stock exchanges and statutory authorities as required under SEBI regulations.

Director's Tenure and Acknowledgment

Mr. Agarwalla had been associated with Premier Polyfilm Limited since May 28, 2019, serving as an Independent Director for nearly seven years. In his resignation letter, he expressed gratitude for the opportunity to contribute to the company's growth and governance, acknowledging the cooperation and support received from the Board, management, and fellow Directors throughout his tenure.

The resignation letter was reviewed and accepted by the company on January 12, 2026, with Company Secretary and Compliance Officer Heena Soni handling the regulatory communications and filings related to this board change.

Premier polyfilm Limited has been penalized ₹50,000.00 by the National Stock Exchange of India (NSE) for delayed compliance with XBRL filing requirements. The company disclosed this development on January 12, 2026, following a Board of Directors meeting that reviewed the regulatory non-compliance.

Fine Details and Compliance Issue

The penalty stems from delayed submission of Integrated Filing (XBRL) containing Related Party Transaction details under Regulation 23(9) of SEBI (LODR) Regulations, 2015. The NSE imposed the fine through its notice dated December 16, 2025, for non-compliance related to the quarter ended September 30, 2025.

Board's Response and Technical Issues

The Board of Directors addressed the matter during their meeting on January 12, 2026, determining that the delay occurred due to technical issues encountered on the NSE portal while uploading the XBRL Integrated Filing. The Board emphasized that the non-compliance was purely unintentional and arose from system-related constraints.

Significantly, the company successfully submitted the same Integrated XBRL filing to BSE within prescribed timelines on November 10, 2025, coinciding with the Board Meeting date. This demonstrates the company's intent to comply and supports their claim of technical difficulties specific to the NSE portal.

Waiver Application and Remedial Measures

Premier Polyfilm has submitted an application seeking waiver of the imposed fine to NSE authorities, with the matter currently under consideration by the Exchange. The company cited the technical nature of the delay and timely BSE submission as grounds for the waiver request.

To prevent future occurrences, the Board has recommended implementing comprehensive compliance measures:

• Two-level verification and monitoring mechanism for timely submission of statutory filings
• Proper documentation of technical issues encountered during upload processes
• Email backup system for XBRL filings to NSE team on designated email IDs for record-keeping

Regulatory Framework and Consequences

The fine falls under NSE's Standard Operating Procedure for imposing penalties in case of non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Exchange warned of potential escalatory actions if payment or compliance is not achieved within 15 days, including:

• Freezing of entire promoter shareholding in the company and other securities
• Shifting trading to 'Trade for Trade' basis or Z Category for consecutive defaults

The company maintains its commitment to ensuring full regulatory compliance and transparency while the waiver application remains under NSE's consideration.