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.

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.