Premco Global Limited , a prominent player in the Indian manufacturing sector, has released its unaudited financial results for the second quarter and half-year ended September 30, 2025, alongside a significant dividend announcement. The company's performance shows a mixed picture, with some challenges in revenue but a substantial special dividend payout for shareholders.

Financial Performance

The company's consolidated revenue for Q2 FY26 stood at Rs. 25.71 crore, marking a slight decrease of 1.15% compared to Rs. 26.00 crore in the corresponding quarter of the previous year. Despite the marginal decline in revenue, Premco Global managed to maintain its profitability.

Here's a breakdown of the key financial metrics for Q2 FY26:

The total comprehensive income for the quarter stood at Rs. 1.70 crore, compared to Rs. 1.80 crore in the same period last year, reflecting a 5.56% decrease.

Special Dividend Announcement

In a move that is likely to please shareholders, Premco Global's board has declared a special dividend of Rs. 36 per share (face value Rs. 10 each), representing a 360% dividend for the financial year 2025-2026. The record date for this dividend has been fixed as November 14, 2025.

Operational Changes

The company disclosed that it has relocated manufacturing operations from its Palghar facility to other plants. As part of this transition, Premco Global paid a one-time ex-gratia amount of Rs. 40.38 lakhs to contractual employees, which has been reported as an exceptional item in the financial statements.

Market Implications

The announcement of a substantial special dividend may positively impact investor sentiment, potentially offsetting concerns about the slight dip in revenue. The dividend yield, based on this special payout, could be attractive to income-focused investors, depending on the prevailing share price.

Conclusion

While Premco Global Limited faces some challenges in terms of revenue growth, the company's ability to maintain profitability and offer a significant special dividend suggests a strong financial position. The operational changes, including the relocation of manufacturing facilities, may be part of a broader strategy to optimize costs and improve efficiency in the long term.

Investors and market watchers will likely keep a close eye on how these changes impact the company's performance in the coming quarters, particularly in terms of revenue growth and profit margins. The special dividend announcement, however, provides an immediate tangible benefit to shareholders in the interim.

Premco Global has announced the resignation of its Company Secretary and Compliance Officer, Mr. Mustafa Yusuf Manasawala. The company disclosed this information in a regulatory filing to the Bombay Stock Exchange (BSE) on October 24, 2025.

Key Details of the Resignation

Additional Information

Premco Global has confirmed that there are no other material reasons for Mr. Manasawala's resignation beyond those stated in his resignation letter. The company's Managing Director, Mr. Ashok Harjani, signed the regulatory filing accepting the resignation.

Mr. Manasawala, in his resignation letter, expressed gratitude to the Board, Management, and colleagues for their support during his tenure. He also requested the Board to ensure all required filings and disclosures are made with the relevant regulatory authorities, including the Ministry of Corporate Affairs and the Stock Exchanges.

The company has not yet announced a successor for the positions vacated by Mr. Manasawala. As per regulatory requirements, Premco Global will need to fill these crucial roles to maintain compliance with corporate governance norms.

This development comes as part of the normal course of corporate transitions. Investors and stakeholders will likely be watching for announcements regarding the appointment of a new Company Secretary and Compliance Officer in the coming weeks.