Premco Global Limited successfully concluded its board meeting on January 6, 2026, resulting in the appointment of a new Company Secretary and Compliance Officer. The meeting, which commenced at 4:00 PM and concluded at 4:15 PM, addressed critical corporate governance requirements under regulatory frameworks.

Board Meeting Outcome

The board of directors approved the appointment of Ms. Niharika Goyal as Company Secretary and Compliance Officer, effective January 6, 2026. This appointment represents a change from the originally proposed candidate due to unforeseen circumstances.

Candidate Change and Approval Process

In continuation of the company's intimation dated December 30, 2025, it was initially proposed to appoint Ms. Tanaya Khilari as Company Secretary and Compliance Officer. However, subsequent to her withdrawal of consent due to personal reasons, the board, upon recommendation of the Nomination and Remuneration Committee, approved Ms. Niharika Goyal's appointment.

Professional Background

Ms. Niharika Goyal brings relevant experience to her new role as Company Secretary and Compliance Officer. Her professional background includes:

Regulatory Compliance

The appointment ensures compliance with statutory requirements under Section 203 of the Companies Act, 2013, and related rules, as well as Regulation 6 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The formal communication was signed by Ashok Harjani, Managing Director (DIN: 00725890), and submitted under security code 530331.

This appointment strengthens Premco Global Limited's corporate governance framework and ensures continued adherence to regulatory disclosure requirements and listing obligations.

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.