|Premier Polyfilm Ltd. (PPL) was incorporated on 17th of July 1992 and having its registered office at C-4, Commercial Centre, Safdarjung Development Area, New Delhi - 16. The certificate for commencement of business was issued on 4th August 1992. It has set up a project at
Sahibabad, Distt. Ghaziabad, UP at a total capital cost of Rs. 960 lacs for manufacture of 6600 MT p.a of PVC films and sheets for various thickness and rigidity. The project was financed by a term loan of Rs. 383 lacs from Industrial Development Bank of India, Equity of Rs. 472 lacs and unsecured loans/deferred payment to creditors of Rs. 105
lakhs. The Public Issue of Rs. 210 lacs was made in January 1994 and the shares are listed on Delhi, Bombay, Jaipur, Calcutta and Ahmedabad Stock Exchanges. The commercial production was commenced on first November 1993.
2002- Premier Polyfilm Ltd has informed the Exchange that the resolution to reappoint Mr. Ashok Kumar Sureka, the retiring Director of the company, has been lost at the AGM of the company held on October 29, 2002 and as a consequent Mr. Ashok Kumar Sureka ceases to be a Director of the company.
2003 -Premier Polyfilm Declared as Sick Company from BIFR.
-Premier Polyfilm Ltd has appointed Shri. Arvind Goenka as an Additional Director of the Company.