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Primech shareholders approve up to 200-for-1 reverse split

Primech Holdings Ltd (PMEC) shareholders approved all 11 proposals at the October 14, 2026 annual general meeting.

(Moderate)

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Form Type
6-K

Rhea-AI Filing Summary

Primech Holdings Ltd (PMEC) shareholders approved all 11 proposals at the October 14, 2026 annual general meeting. They adopted the audited financial statements for the year ended March 31, 2026, re-elected directors Kin Wai Ho and Yuen Poi Lam William, approved payment of US$155,000 in directors’ fees for that year, and appointed Weinberg & Co. LA, LLP and Paul Wan & Co as auditors for the year ending March 31, 2027.

The approvals authorize directors to issue ordinary shares, including under the Primech 2025 Employee Incentive Plan; consolidate each class at a ratio of 200 issued shares into one, or a lesser whole-number ratio of at least two into one, using the same ratio for both classes; and make on-market Nasdaq purchases of up to 20% of issued ordinary shares, excluding treasury shares and subsidiary holdings. The purchase price is capped at the higher of the highest independent bid or last independent transaction price. Directors may also issue Kin Wai Ho Class B Preference Shares equivalent to up to 10% of issued ordinary shares from time to time, and make or grant related offers, agreements or options.

Approved AGM proposals 11 proposals Annual general meeting held October 14, 2026
Directors’ fees US$155,000 Approved for the financial year ended March 31, 2026
Ordinary shares outstanding 38,417,987 shares As of the August 20, 2026 record date
Class B Preference Shares outstanding 3,000,000 shares As of the August 20, 2026 record date
Maximum consolidation ratio 200 issued shares into 1 share Authorized for both share classes at the same ratio
Minimum consolidation ratio 2 issued shares into 1 share Authorized for both share classes at the same ratio
Share repurchase limit Up to 20% of issued ordinary shares Excluding treasury shares and subsidiary holdings
Class B issuance authorization to Kin Wai Ho Equivalent to 10% of issued ordinary shares Aggregate authorization from time to time
share consolidation technical
"authorize the Directors to consolidate"
Share consolidation is a process where a company reduces the total number of its shares by combining multiple existing shares into a smaller number of higher-value shares. This can make each share more expensive and potentially improve the company’s image. For investors, it often means their ownership remains the same, but the value of each share increases, which can influence how the stock is perceived and traded.
treasury shares financial
"excluding treasury shares and subsidiary holdings"
Treasury shares are a company’s own stock that it has repurchased and keeps on its books instead of canceling or leaving in the hands of outside investors. Think of them like coupons a business puts back in a drawer: they don’t vote or receive dividends while held, but they can be reissued later for employee pay or fundraising. For investors this matters because buybacks change the number of shares that count toward earnings and ownership, can boost per‑share metrics, and use corporate cash that might otherwise go to growth or dividends.
subsidiary holdings financial
"excluding treasury shares and subsidiary holdings"
highest independent bid financial
"not exceeding the highest independent bid"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What are the terms of PMEC’s approved share repurchase authority?

Shareholders authorized on-market purchases on Nasdaq of up to 20% of issued ordinary shares, excluding treasury shares and subsidiary holdings. The purchase price may not exceed the higher of the highest independent bid or the last independent transaction price. The authorization is subject to applicable Singapore law and Nasdaq rules.

What share consolidation did PMEC shareholders authorize?

Shareholders authorized the directors to consolidate each class at a ratio of 200 issued shares into one, or a lesser whole-share amount of at least two into one. Any consolidation must apply to both ordinary shares and Class B Preference Shares at the same ratio.

Can PMEC issue Class B Preference Shares to Kin Wai Ho?

Shareholders authorized the directors to issue Kin Wai Ho, in aggregate, up to a number of Class B Preference Shares equivalent to 10% of issued ordinary shares from time to time. The authorization also covers offers, agreements or options that might or would require those shares to be issued.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR Accepted by SEC EDGAR Learn about SEC filing dates

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of October 2026

 

Commission File Number: 001-41829

 

Primech Holdings Ltd.

 

60 MacPherson Road,

Siemens Centre, #04-08,

Singapore 348615

+65 6286 1868

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F ☒       Form 40-F ☐

 

 

 

 

 

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

Submission of Matters to a Vote of Security Holders.

 

On October 14, 2026, Primech Holdings Ltd (the “Company”) held the Company’s Annual General Meeting of Shareholders (the “AGM”) at 60 MacPherson Road, Siemens Centre, #04-08, Singapore 348615. On August 20, 2026 (the “Record Date”), the record date for the AGM, there were 38,417,987 of the Company’s ordinary shares (the “Ordinary Shares”) and 3,000,000 Class B Preference Shares issued and outstanding and entitled to vote at the AGM. Each holder of the Company’s Ordinary Shares shall be entitled to one vote in respect of each Ordinary Share held by such holder and each holder of the Class B Preference Share is entitled to ten votes in respect of each Class B Preference Share held by such holder on the Record Date. Eleven items of business were acted upon by the Company’s shareholders at the AGM, each of which was approved by the shareholders.

 

1. Shareholders approved receiving and adopting the Directors’ Statement, the audited financial statements of the Company for the financial year ended March 31, 2026. The voting results were as follows:

 

For

(Ordinary Shares)

 

For

(Class B Preference Shares)

  Against   Abstain
31,506,352   30,000,000   21    2,500 

 

2. Shareholders approved receiving and adopting the audited financial statements in relation to Form 20-F for the financial year ended March 31, 2026. The voting results were as follows:

 

For

(Ordinary Shares)

 

For

(Class B Preference Shares)

  Against   Abstain
31,506,351   30,000,000    22   2,500 

 

3. Shareholders approved the re-election of the following Directors who are retiring by rotation pursuant to Regulation 88 of the Constitution of the Company and who, being eligible, offer themselves for re-election as Directors. The voting results were as follows:

 

  

For

(Ordinary Shares)

  

For

(Class B Preference Shares)

   Against   Abstain 
Kin Wai Ho   31,505,181    0    3,652    30,000,040 
Yuen Poi Lam William   31,505,180    30,000,000    3,653    40 

 

4. Shareholders approved payment of Directors’ fees of US$155,000 for the financial year ended March 31, 2026. The voting results were as follows:

 

For

(Ordinary Shares)

 

For

(Class B Preference Shares)

  Against   Abstain
31,505,128   30,000,000    1,157   2,588

 

5. Shareholders approved the appointment of Weinberg & Co. LA, LLP, as auditor of the Company for the financial year ending March 31, 2027 and that the Directors be empowered to fix the auditors’ remuneration in their absolute discretion. The voting results were as follows:

 

For

(Ordinary Shares)

 

For

(Class B Preference Shares)

  Against   Abstain
31,507,812   30,000,000    1,031   30

 

6. Shareholders approved the appointment of M/s Paul Wan & Co, as auditor of the Company for the financial year ending March 31, 2027 and that the Directors be empowered to fix the auditors’ remuneration in their absolute discretion. The voting results were as follows:

 

For

(Ordinary Shares)

 

For

(Class B Preference Shares)

  Against   Abstain
31,507,749   30,000,000    1,094   30

 

7. Shareholders approved to adjourn the AGM to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of Proposal One, Proposal Two, Proposal Three, Proposal Four, Proposal Five and/or Proposal Six. The voting results were as follows:

 

For

(Ordinary Shares)

 

For

(Class B Preference Shares)

  Against   Abstain
31,505,127   30,000,000    1,206   2,540

 

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8. Shareholders approved to authorize the Directors to issue Ordinary Shares and make or grant offers, agreements or options that might or would require the issuance of Ordinary Shares, including under the Primech 2025 Employee Incentive Plan. The voting results were as follows:

 

For

(Ordinary Shares)

 

For

(Class B Preference Shares)

  Against   Abstain
31,492,163   30,000,000    14,174   2,536

 

9. Shareholders approved to authorize the Directors to consolidate: (i) every two hundred (200) issued ordinary shares in the capital of the Company (or such lesser whole share amount as the Directors may determine, such amount not to be less than two (2)) into one (1) ordinary share of the Company; and (ii) every two hundred (200) issued Class B Preference Shares in the capital of the Company (or such lesser whole share amount as the Directors may determine, such amount not to be less than two (2)) into one (1) Class B Preference Share of the Company, provided that any such share consolidation undertaken must be in respect of both issued ordinary shares and issued Class B Preference Shares, and at the equivalent consolidation ratio for both classes of shares. The voting results were as follows:

 

For

(Ordinary Shares)

 

For

(Class B Preference Shares)

  Against   Abstain
31,505,022   0   1,351   30,002,500

 

10. Shareholders approved to authorize the Directors to purchase or otherwise acquire issued ordinary shares in the capital of the Company (the “Shares”) not exceeding 20% of the issued Shares (excluding treasury shares and subsidiary holdings), at such price(s) not exceeding the highest independent bid or the last independent transaction price, whichever is higher, of the Shares quoted on the Nasdaq Capital Market (“Nasdaq”), as the case may be, by way of an on-market purchase transacted on the Nasdaq as may be determined or formulated by the Directors as they consider fit, and shall satisfy all the conditions prescribed by the Singapore Companies Act 1967, and otherwise in accordance with all other laws, regulations and listing rules of Nasdaq as may for the time being be applicable. The voting results were as follows:

 

For

(Ordinary Shares)

 

For

(Class B Preference Shares)

  Against   Abstain
31,505,217   30,000,000    1,156   2,500

  

11. Shareholders approved to authorize the Directors to issue to Kin Wai Ho, in aggregate, up to such number of Class B Preference Shares equivalent to 10% of issued Ordinary Shares from time to time and make or grant offers, agreements or options that might or would require the issuance of Class B Preference Shares to Kin Wai Ho. The voting results were as follows:

 

For

(Ordinary Shares)

 

For

(Class B Preference Shares)

  Against   Abstain
31,492,210   0   14,133   30,002,530

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Primech Holdings Ltd.
     
Date: October 16, 2026 By: /s/ Kin Wai Ho
  Name:  Kin Wai Ho
  Title: Chief Executive Officer

 

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