Acquisitions5 May 2026, 07:31 pm
Primo Chemicals: New Director Appointments & Flow Tech Stake Buy
AI Summary
Primo Chemicals Ltd's board meeting on May 5, 2026, approved the appointment of Mr. Dibakar Sarkar and Mr. Sobhag Mal Jain as Additional Directors (Non Executive Independent) for a 5-year term, subject to shareholder approval. The board also approved the acquisition of the remaining 51% stake in Flow Tech Chemicals Private Limited, a Promoter Group Company. Additionally, Mr. Munish Aggarwal resigned from his position as Senior Vice President (Operations), effective May 10, 2026.
Key Highlights
- Dibakar Sarkar and Sobhag Mal Jain appointed as Additional Directors.
- Primo Chemicals to acquire remaining 51% stake in Flow Tech Chemicals.
- Munish Aggarwal resigns as Senior Vice President (Operations), effective May 10, 2026.
- Appointments are subject to shareholder approval.