Primech Holdings (Nasdaq: PMEC) Subsidiary Earns 2026 LowCarbonSG Gold Leader Recognition Following 17.5% Year-on-Year Reduction in Scope 1 and 2 Emissions

The subsidiary met reduction thresholds of at least 5% for both absolute emissions and emissions intensity by revenue.

Rhea-AI Summary

Primech Holdings (PMEC) announced that subsidiary Primech A & P earned the 2026 LowCarbonSG Gold Leader recognition for reducing operational emissions.

Combined Scope 1 and Scope 2 greenhouse gas emissions fell approximately 17.5%, from approximately 115,006 kg CO₂e in April 2024–March 2025 to approximately 94,885 kg CO₂e in April 2025–March 2026. Scope 1 emissions decreased 31.7%, while Scope 2 emissions decreased 8.8%. Gold Leader is the programme’s highest recognition tier. Primech is progressively adopting electric operational vehicles, rooftop solar panels and energy-efficiency practices. The subsidiary plans to continue monitoring its carbon footprint through LowCarbonSG.

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Market move: PMEC +16.67% vs previous close. 2026 LowCarbonSG recognition

$0.54 – $0.63 Day Range

$24.20M Market Cap

On Oct 8, the day this news came out, the latest delayed price for PMEC is 16.67% above the previous close. The latest delayed price is $0.63.

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Key Figures

Combined Scope 1 and 2 emissions: approximately 115,006 kg CO₂e to approximately 94,885 kg CO₂e Combined emissions reduction: approximately 17.5% Scope 1 emissions reduction: 31.7% +2 more

Combined Scope 1 and 2 emissions

approximately 115,006 kg CO₂e to approximately 94,885 kg CO₂e

April 2024–March 2025 compared with April 2025–March 2026

Combined emissions reduction

approximately 17.5%

Year-on-year reduction in Scope 1 and Scope 2 emissions

Scope 1 emissions reduction

31.7%

Year-on-year

Scope 2 emissions reduction

8.8%

Year-on-year

Gold Leader eligibility threshold

at least 5%

Required year-on-year reduction in both absolute emissions and emissions intensity by revenue

Key Terms

scope 1 and scope 2 emissions, emissions intensity by revenue, kg CO₂e, decarbonisation

4 terms

scope 1 and scope 2 emissions technical

"Absolute Scope 1 and Scope 2 greenhouse gas emissions;"

Scope 1 emissions are the greenhouse gases a company produces directly from sources it owns or controls, like fuel burned in company vehicles or on-site boilers. Scope 2 emissions are the indirect greenhouse gases tied to the electricity, heat or steam a company buys from others — imagine pollution created at the power plant that supplies a factory. Investors use these measures to understand a company's operational carbon footprint, potential regulatory and cost exposure, and how resource-intensive its business is compared with peers.

emissions intensity by revenue technical

"Scope 1 and Scope 2 emissions intensity by revenue"

Emissions intensity by revenue is a carbon accounting metric that measures a company’s greenhouse gas emissions divided by its revenue for the same reporting period, typically expressed as tonnes of CO2-equivalent (tCO2e) per unit of revenue (e.g., per million dollars). The numerator states which emissions are included (commonly Scope 1 and Scope 2, sometimes including selected Scope 3 categories), the denominator is usually gross revenue and must specify currency and period; choices about scope boundaries, accounting methods, and one-time revenue or emissions items can materially change the ratio. It therefore shows emissions generated per dollar of sales but should be interpreted with awareness of what emissions and revenue are included, exchange-rate effects, and differences in industry mix or business model that affect comparability.

kg CO₂e technical

"approximately 94,885 kg CO₂e for the period from April 2025"

kg CO2e means kilograms of carbon dioxide equivalent, a unit that expresses the global warming impact of a release of greenhouse gases as the mass of CO2 that would have the same warming effect. Different gases (for example CO2, methane, nitrous oxide, fluorinated gases) are multiplied by their Global Warming Potential (GWP) to convert them into CO2-equivalent kilograms; the numerical result depends on which GWP values and time horizon (commonly 100 years) are used, so comparisons should note the GWP source and year. It measures the mass of emitted gases weighted by climate impact, not concentration in the atmosphere or economic cost.

decarbonisation technical

"the decarbonisation arm of the UN Global Compact Network Singapore"

Decarbonisation is the process of cutting the amount of carbon dioxide and similar greenhouse gases a company or economy produces, by switching to cleaner energy, improving efficiency, or capturing emissions. For investors it matters because it changes costs, regulatory exposure and future demand—like renovating a house to avoid fines and attract buyers, companies that decarbonise can reduce risk and access new markets while those that don’t may face higher costs or stranded assets.

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Primech A & P Achieves Highest Recognition Tier Following Measurable Reductions in Absolute Emissions and Emissions Intensity

Key Facts At-a-Glance

• Who: Primech A & P Pte. Ltd., a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), based in Singapore.
• What: Attained the 2026 LowCarbonSG Gold Leader recognition, the highest of the programme’s three tiers, awarded for year-on-year reductions of at least 5% in both absolute Scope 1 and 2 emissions and emissions intensity by revenue.
• When: Recognition awarded in 2026, based on emissions recorded from April 2025 to March 2026, compared with April 2024 to March 2025.
• Where: Singapore. LowCarbonSG is led by CPLC Singapore, the decarbonisation arm of the UN Global Compact Network Singapore, with support from the National Environment Agency and Enterprise Singapore.
• Why it matters: Recognises Primech A & P’s measurable progress in reducing operational carbon emissions and reflects its continued commitment to adopting more sustainable practices across its facility services operations.
• How much: Combined Scope 1 and 2 emissions decreased by approximately 17.5%; Scope 1 emissions decreased by 31.7%, while Scope 2 emissions decreased by 8.8%.

SINGAPORE, Oct. 08, 2026 (GLOBE NEWSWIRE) -- Primech Holdings Limited (Nasdaq: PMEC) (“Primech” or the “Company”), a leading technology-driven facility services provider serving public and private sectors across Singapore, today announced that its subsidiary, Primech A & P Pte. Ltd. (“Primech A & P”), has attained the 2026 LowCarbonSG Gold Leader recognition, the highest of the programme’s three recognition tiers, following an approximately 17.5% year-on-year reduction in combined Scope 1 and Scope 2 greenhouse gas emissions.

LowCarbonSG is a capability-building programme led by the decarbonisation arm of the UN Global Compact Network Singapore (“UNGCNS”), with support from the National Environment Agency (“NEA”) and Enterprise Singapore. The programme supports Singapore companies in measuring, tracking and recording their carbon footprint as part of their decarbonisation efforts.

Achieving 2026 LowCarbonSG Gold Leader Recognition

The 2026 LowCarbonSG Gold Leader recognition is awarded to participating companies that have made a second or subsequent carbon emissions submission and achieved a year-on-year reduction of at least 5% in both:

• Absolute Scope 1 and Scope 2 greenhouse gas emissions; and
• Scope 1 and Scope 2 emissions intensity by revenue.

Based on data submitted through the Carbon & Emissions Recording Tool (“CERT”), Primech A & P’s combined Scope 1 and Scope 2 emissions decreased from approximately 115,006 kg CO₂e for the period from April 2024 to March 2025 to approximately 94,885 kg CO₂e for the period from April 2025 to March 2026. This represents a year-on-year reduction of approximately 17.5%.

Primech A & P also achieved the required year-on-year reduction in Scope 1 and Scope 2 emissions intensity by revenue, meeting the criteria for the 2026 LowCarbonSG Gold Leader recognition.

Advancing Primech’s Sustainability Strategy

The recognition reflects Primech A & P’s continued efforts to integrate environmental responsibility into its operations while expanding its facility services business.

Primech is progressively adopting more sustainable operating practices, including the transition from diesel-powered operational vehicles to electric vehicles, the use of rooftop solar panels and efforts to improve energy and resource efficiency across its operations. The Group also continues to incorporate smart-cleaning technologies and robotics into its service delivery to support greater operational efficiency.

Primech A & P will continue measuring and monitoring its carbon footprint through the LowCarbonSG programme and identifying practical opportunities to reduce emissions across its business operations.

Management Commentary

“Attaining the 2026 LowCarbonSG Gold Leader recognition represents an important milestone in our sustainability journey and reflects the measurable progress we have made in reducing our operational carbon emissions,” said Ken Ho, Chairman and Chief Executive Officer of Primech Holdings Limited.

“As we continue to grow our facility services business, we remain focused on improving efficiency and incorporating more sustainable practices into our day-to-day operations. This recognition reflects the progress we have made in managing our operational carbon footprint. We will continue to strengthen our carbon-management capabilities and explore technology-driven solutions that support more sustainable facility operations.”

About Primech Holdings Limited

Primech Holdings Limited (Nasdaq: PMEC) is a Singapore-headquartered, technology-driven facilities services and AI robotics group with operations in Singapore and Hong Kong. Through its subsidiaries, the Group provides cleaning, facilities maintenance, stewarding, waste management and pest control services to public and private sector clients.

Through its subsidiary Primech AI, the Group develops HYTRON, an autonomous restroom-cleaning robot that combines AI perception with robotic manipulation. The Group also operates HomeHelpy, a digital home-services booking platform serving the consumer market.

Primech Holdings was incorporated in 2020 and listed on the Nasdaq Capital Market in October 2023. For more information, visit investor.primechholdings.com.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, including, for example, statements regarding the Company’s sustainability initiatives, efforts to improve operational efficiency and resource efficiency, adoption of technology-driven solutions, and future business strategies, growth and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s Annual Report on Form 20-F for the fiscal year ended March 31, 2026, filed with the SEC on July 29, 2026, and its other filings with the SEC.

Investor Relations

Primech Holdings Limited
ir@primechholdings.com
www.primechholdings.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c3b61b58-fcd7-4f7f-a2eb-9efd43217018