Company Overview

Premco Global Limited (CIN: L18100MH1986PLC040911), listed on BSE, is primarily engaged in manufacturing Knitted & Narrow woven Elastics. The company submitted its Annual Report for FY 2025-26 and notice for its 42nd AGM to be held virtually on September 2, 2026.

Financial Performance

Standalone Performance (₹ in Lakhs):

  • Revenue from Operations: ₹5,176.47 (decrease from PY ₹6,382.49)
  • Other Income: ₹2,197.38 (significantly boosted by ₹1,575.82 lakhs dividend income from subsidiary)
  • Net Profit After Tax: ₹1,393.18 (4.64% increase from PY ₹1,331.33)
  • Basic & Diluted EPS: ₹42.16 (PY: ₹40.28)

Consolidated Performance (₹ in Lakhs):

  • Revenue from Operations: ₹9,368.04 (decrease from PY ₹10,947.51)
  • Net Profit After Tax: ₹598.73 (37.02% decline from PY ₹950.75)
  • Basic & Diluted EPS: ₹18.12 (PY: ₹28.77)

The decrease in consolidated profitability was primarily attributable to tariff measures imposed by the United States and prevailing geopolitical uncertainties.

Dividend Declaration

The Board recommended a Final Dividend of ₹2.00 per equity share for FY 2025-26, subject to shareholder approval. This is in addition to interim dividends already paid:

  • 1st Interim Dividend: ₹4 per share (August 2025)
  • Special Dividend: ₹36 per share (November 2025)
  • 2nd Interim Dividend: ₹2 per share (February 2026)

Total dividend payout for FY 2025-26 amounts to ₹44 per equity share (₹1,454.11 lakhs total paid). Record Date for final dividend is August 26, 2026.

AGM Details and Voting

The 42nd AGM will be held on September 2, 2026 at 3:00 PM IST through Video Conferencing. Business includes adoption of financial statements, dividend declaration, and re-appointment of Mrs. Sonia Harjani as Director. Remote e-voting period begins on August 29, 2026 and ends on September 1, 2026.

Balance Sheet Position (Standalone)

  • Total Assets: ₹8,853.29 lakhs (decrease from PY ₹9,194.74)
  • Cash & Cash Equivalents: ₹978.17 lakhs (167.6% increase)
  • Inventories: ₹953.51 lakhs (25.7% decrease)
  • Trade Receivables: ₹696.80 lakhs (23.7% decrease)
  • Total Equity: ₹7,408.43 lakhs

Exceptional Items and Subsidiary Performance

The company recognized an exceptional item of ₹94.05 lakhs for ex-gratia payments to contractual employees due to factory relocation. Premco Global Vietnam Company Limited (100% subsidiary) reported:

  • Total Income: ₹4,631.21 lakhs
  • Net Profit After Tax: ₹789.82 lakhs
  • Dividend Paid: ₹1,575.82 lakhs

Compliance and Governance

The Secretarial Audit Report noted one non-compliance regarding publication of advertisements. Auditors issued an unqualified opinion, confirming compliance with Ind AS and Companies Act, 2013. The company transferred ₹3.96 lakhs of unclaimed dividend and 2,020 shares to IEPF during the year.

Key Management Personnel

Remuneration to Key Management Personnel totaled ₹333.35 lakhs, including:

  • Ashok B. Harjani (Chairman & MD): ₹146.11 lakhs
  • Lokesh P. Harjani (Director): ₹112.25 lakhs
  • Nisha P. Harjani (Director & CFO): ₹65.47 lakhs

The Board comprises 8 Directors (4 Executive and 4 Non-Executive Independent Directors) with 3 women directors.