Premco Global Limited Declares Interim Dividend, Approves Q2 Results, and Announces CEO Resignation

Premco Global Limited , a prominent player in the textile industry, has made several significant announcements following its board meeting held on July 30, 2025. The company has declared an interim dividend, approved its quarterly results, and announced the resignation of its CEO.

Interim Dividend Declaration

The Board of Directors has approved a first interim dividend of Rs. 4.00 per equity share (40%) for the financial year 2025-26. The record date for determining shareholder eligibility has been set as August 8, 2025. This move signals the company's commitment to delivering value to its shareholders.

Quarterly Financial Results

Premco Global Limited has approved its unaudited financial results for the quarter ended June 30, 2025. While specific financial figures were not disclosed in the available information, the company has complied with regulatory requirements by submitting these results to the stock exchange.

CEO Resignation

In a significant management change, Mr. Ramesh Chandra Panwar has resigned from his position as Chief Executive Officer (CEO) of Premco Global Limited, effective July 30, 2025. The company cited personal reasons for Mr. Panwar's departure. The Board has expressed its appreciation for Mr. Panwar's contributions during his tenure.

Annual General Meeting and Dividend Details

The company has scheduled its 41st Annual General Meeting (AGM) for September 3, 2025, to be held via video conferencing. Shareholders will have the opportunity to participate in remote e-voting from August 30 to September 2, 2025.

Additionally, Premco Global Limited has proposed a final dividend of Rs. 2.00 per share for the financial year ended March 31, 2025, subject to shareholder approval at the AGM. The record date for this final dividend is set as August 27, 2025.

Remuneration Revision

The Board has approved revisions in the remuneration of the Managing Director, Whole Time Director, and Executive Directors, subject to shareholder approval at the upcoming AGM.

Conclusion

These announcements reflect Premco Global Limited's focus on shareholder returns, corporate governance, and strategic management changes. Investors and stakeholders will be keenly watching how these developments impact the company's future performance and direction.