Acquisitions2 Jul 2026, 06:30 pm
Primo Chemicals to acquire 51% stake in Flow Tech Chemicals
AI Summary
Primo Chemicals Ltd announced that its Board of Directors has approved the acquisition of the remaining 51% equity stake in Flow Tech Chemicals Private Limited, making it a wholly-owned subsidiary. This acquisition was previously approved by shareholders in stages. The company also approved a Postal Ballot Notice for member approval on director appointments and remuneration for key management personnel. The cut-off date for voting eligibility is July 3, 2026, with e-voting from July 7 to August 5, 2026. Flow Tech Chemicals reported a turnover of ₹341.66 Crores and PAT of ₹9.80 Crores in FY26.
Key Highlights
- Primo Chemicals to acquire remaining 51% stake in Flow Tech Chemicals.
- Flow Tech Chemicals to become a wholly-owned subsidiary.
- Board approved Postal Ballot Notice for director appointments.
- Remuneration for MD and Executive Director approved.
- Flow Tech FY26 turnover ₹341.66 Cr, PAT ₹9.80 Cr.
Price Impact
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