Sapphire Universe Holdings Ltd Increases Stake in Primech Holdings Ltd to 74.33%

Sapphire Universe Holdings Ltd filed a Schedule 13D/A on April 10, 2026, reporting an increased stake in Primech Holdings Ltd (PMEC). As of the event date on March 25, 2026, the reporting person beneficially owns 30,787,500 ordinary shares, representing 74.33% of the class. This reflects a recent acquisition of 1,500,000 ordinary shares on March 23, 2026. Sapphire Universe Holdings Ltd is a British Virgin Islands holding company. Its ownership structure involves Bright Oracle Limited, Oriental Unicorn Limited, and Shining Valkyrie Development Limited. Key control persons identified include Mr. Kin Wai Ho, Mr. Jin Ngee Vernon Kwek, and Mr. Cyrus Jun Ming Wen, who are deemed to have indirect beneficial ownership through these entities. The reporting person stated they have no present plans for major corporate changes but may review their position and seek to influence management or the Board of Directors in the future. The calculation of the ownership percentage is based on 38,417,987 ordinary shares and 3,000,000 Class B Preference Shares outstanding as of March 17, 2026.