| Premco Narrow Fabrics Ltd. was incorporated as a private limited company on 15th September 1986 for the manufacture of narrow elastic tapes and woven fabrics.
Subsequently by a special resolution at the Extra Ordinary General Meeting dated 28th September, 1994 it was converted into a Public Limited Company and the Registrar of Companies has issued a fresh certificate of incorporation consequent upon such conversion on 12th October, 1994. The company changed its name to Premco Global Limited vide fresh certificate of incorporation issued by the Registrars of Companies dated December 1, 1994.
Premco Global Ltd., (PGL) established its first unit in 1988 to manufacture 'Woven Narrow Fabrics' and knitted elastic tapes with six looms in Palghar. Over the years the promoters have established five other associate concerns namely: Naroleen Silk Mills Pvt. Ltd. (NSMPL), Sell more Pvt. Ltd. (SPL), Goldstar Elastics Pvt. Ltd. (GEPL), Silverline Elastics Pvt. Ltd. (SEPL) and Fem Elastics Pvt. Ltd. (FEPL) and installed another 17 looms in these companies at the existing site in Palghar. All the above mentioned companies were engaged in processing jobs for PGL.
All the associate existing profit making companies mentioned above have been amalgamated with the company with effect from 1st April, 1994, in terms of the court order dated 25th October, 1994 and endorsement made by ROC on 31st October, 1994. The amalgamation was entirely at Book
Value. The main promoters of the above mentioned companies are Mr. Bhagwandas Harjani and Mr. Ashok B. Harjani.
The installed capacity of the Company together with the constituents before merger was 200 lacs meters per annum.
2007
-The Comoany has recommended a Dividend of 8% i.e. Rs 0.80 per share.
2008
-The Company has recommended a dividend of 12% i.e. Rs 1.20 per share.
2009
-The Company has recommended a Dividend of 12% i.e. Rs 1.20 per share.
2010
-The Company has declared the dividend @ 12%
2011
-The Company has recommended a dividend of Rs. 1.20 per equity share of Rs. 10 each i.e. 12% for the year.
2012
-The Company has recommended a dividend of Rs. 1.20 per equity share of Rs. 10 each i.e. 12% for the year.
2013
-Premco Global Ltd has recommended a dividend of Rs. 1.80 per equity share of Rs. 10 each i.e. 18% for the year ended March 31, 2013
2014
-Premco Global Ltd has recommended a dividend of Rs. 2.00 per equity share of Rs. 10 each i.e. 20% for the year ended March 31, 2014
2022
-Premco Global moved into a new office in Lower Parel, Mumbai after almost 50 years at the Andheri location.
2023
-Premco Global opens a new state of the art facility in Gujarat.
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