Board Meeting14 Aug 2026, 07:40 pm
Primo Chemicals Board Approves Merger Scheme, Auditor Re-appointment
AI Summary
Primo Chemicals Ltd's Board of Directors met on August 14, 2026, approving the re-appointment of Kabra & Associates as Cost Accountants for FY27. The board also gave in-principle approval for a Scheme of Amalgamation of Flow Tech Chemical? Private Limited with Primo Chemicals Limited, subject to completion of Primo's acquisition of the remaining 51% stake in Flow Tech. The 51st Annual General Meeting is scheduled for September 30, 2026, with the register of members and share transfer books closed from September 24 to September 30. The merger aims to simplify structure, reduce compliance costs, and provide direct access to Flow Tech's operations.
Key Highlights
- Board approved re-appointment of Cost Auditor for FY27.
- In-principle approval for merger of Flow Tech Chemical? Private Limited.
- AGM scheduled for September 30, 2026.
- Share transfer books closed for AGM from Sept 24-30.
- Merger contingent on acquiring remaining 51% of Flow Tech.
Price Impact
More from PRIMO