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.

Premier Polyfilm Limited delivered impressive financial results for the third quarter of FY26 ended December 31, 2025, demonstrating strong operational performance across key metrics. The company, which specializes in manufacturing flexible PVC flooring, film and sheets, reported significant growth in both quarterly and nine-month periods.

Quarterly Financial Performance

The company's Q3FY26 performance showed robust growth across all major financial parameters:

The sequential quarter comparison also reflects positive momentum, with revenue growing from ₹8,317 lakhs in Q2FY26 to ₹8,911 lakhs in Q3FY26, representing a 7.14% quarter-on-quarter increase. Net profit improved from ₹801 lakhs to ₹928 lakhs, marking a 15.86% sequential growth.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Premier Polyfilm maintained consistent growth trajectory:

Cost Structure and Operational Efficiency

The company's expense management remained disciplined during Q3FY26. Cost of materials consumed increased to ₹4,874 lakhs from ₹3,584 lakhs in Q3FY25, primarily reflecting higher business volumes. Employee benefits expense rose to ₹755 lakhs compared to ₹673 lakhs in the previous year quarter. Finance costs decreased significantly to ₹21 lakhs from ₹26 lakhs, indicating improved financial management.

Key Financial Ratios and Metrics

Premier Polyfilm demonstrated strong financial health through improved key ratios:

The company maintained its paid-up equity share capital at ₹1,059 lakhs with a face value of ₹1 per share. Reserves excluding revaluation reserves stood at ₹10,728 lakhs compared to ₹8,384 lakhs in the previous year.

Corporate Governance and Compliance

The Board of Directors approved these unaudited standalone financial results in their meeting held on January 12, 2026. The results were reviewed by the Audit Committee and subjected to limited review by statutory auditors M A R S & Associates. The company confirmed no exceptional items during the quarter and maintained its focus on manufacturing and sale of flexible PVC flooring, film and sheets as a single business segment.