Primo Chemicals to acquire 51% stake in Flow Tech Chemicals

Primo Chemicals Ltd announced 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 in stages by shareholders. 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.