Premco Global Limited, a prominent player in the textile industry, has announced significant changes in its leadership and corporate structure. The company's Board of Directors convened on July 30, 2025, making several key decisions that are set to shape its future trajectory.

CEO Resignation

In a notable development, Ramesh Chandra Panwar has stepped down from his position as Chief Executive Officer (CEO) of Premco Global Limited. The resignation, effective July 30, 2025, was attributed to personal commitments. The company acknowledged Panwar's valuable contributions during his tenure and has completed the necessary regulatory disclosures regarding this leadership change.

Financial Performance and Dividend Declaration

The Board approved the unaudited financial results for the quarter ended June 30, 2025. While specific financial figures were not disclosed in the available information, the company's performance appears to have been satisfactory enough to warrant a dividend declaration.

Premco Global announced a first interim dividend of ₹4.00 per equity share (face value ₹10.00) for the financial year 2025-26, representing a 40% dividend. The record date for determining shareholder eligibility for this dividend has been set as August 8, 2025.

Upcoming Annual General Meeting

The company has scheduled its 41st Annual General Meeting (AGM) for September 3, 2025, at 15:00 hours (IST). In line with modern practices, the AGM will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM).

Key dates related to the AGM include:

Other Corporate Actions

The Board has also approved the following:

• Appointment of Bigshare Services Private Limited as the e-voting platform provider
• Appointment of CS Abbas Lakdawalla as the Scrutinizer for the AGM and e-voting process
• Revision in remuneration for the Managing Director, Whole Time Director, and Executive Directors, subject to shareholder approval at the AGM

These developments signal a period of transition and strategic realignment for Premco Global Limited. Shareholders and market watchers will be keenly observing how these changes impact the company's performance and direction in the coming months.

Premco Global , a leading textile company, has released its financial results for the first quarter and made several key announcements, including an interim dividend declaration and a change in leadership.

Q1 Financial Performance

The Board of Directors of Premco Global approved the unaudited standalone and consolidated financial results for the quarter ended June 30, at a meeting held on July 30. The consolidated results include the performance of the company's foreign subsidiary, Premco Global Vietnam Company Limited.

For the quarter, the foreign subsidiary reported:

The financial results were prepared in accordance with Indian Accounting Standards and reviewed by statutory auditors S. P. Jain & Associates.

Interim Dividend Declaration

In a move that will please shareholders, the Board declared a first interim dividend of Rs. 4.00 per equity share (40%). The record date for determining eligibility for this dividend has been set as Friday, August 8.

CEO Resignation

In a significant leadership change, Mr. Ramesh Chandra Panwar has resigned from his position as Chief Executive Officer (CEO) of Premco Global, effective July 30. Mr. Panwar cited personal reasons for his departure. The Board expressed its appreciation for Mr. Panwar's valuable contributions during his tenure and wished him success in his future endeavors.

Upcoming Annual General Meeting

Premco Global has scheduled its 41st Annual General Meeting (AGM) for Wednesday, September 3, at 15:00 Hours (IST). The meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM).

Key dates related to the AGM include:

• Book closure: August 28 to September 3 (both days inclusive)
• E-voting period: August 30 (9:00 a.m. IST) to September 2 (5:00 p.m. IST)
• Cut-off date for e-voting eligibility: August 27

The company has appointed Bigshare Services Private Limited as the authorized agency to provide the e-voting platform for the AGM.

Additional Corporate Actions

• The Board has fixed August 27 as the record date for determining eligibility for the final dividend of Rs. 2.00 per equity share for the financial year ended March 31, subject to shareholder approval at the AGM.
• The company will be revising the remuneration of its Managing Director, Whole Time Director, and Executive Directors, subject to shareholder approval at the upcoming AGM.

Premco Global continues to demonstrate financial stability and commitment to shareholder value, even as it navigates leadership changes and adapts to the evolving business landscape.