its transmission of shares from NRI to promotor.
Bad result by premco. RM cost increased due to crude and they couldn’t pass it on as due to supply to OEM their is usually lag of few months to pass on.
Also employe cost increased due to more sales & mkting guy employed
Good example of management not walking the talk. Crude is still much low compared to historic levels. Last AGM they talked about successfully negotiating price contracts only to end up in deep red.
Did they held a concall. If anyone could post the Minutes of meeting will be more than helpful for other boarders
Results are out… Thank God not a loss this time
Dividend 2 per share
cost of RM has increased and looks like not able to pass on as they supply directly to company in long term contract. will get more clarification only in AGM