Primo Chemicals to merge wholly-owned subsidiary Flow Tech Chemicals

Primo Chemicals Limited announced that its Board of Directors has approved a draft Scheme of Amalgamation for merging its wholly-owned subsidiary, Flow Tech Chemicals Private Limited, with itself. The merger aims to consolidate operations, optimize capital utilization, and simplify the group structure. The appointed date for the amalgamation is October 1, 2026. Primo Chemicals is involved in manufacturing Caustic Soda Lye, Liquid Chlorine, and other related chemicals, while Flow Tech Chemicals produces Chlorinated Paraffin and Hydrochloric Acid. The company stated that while the transaction involves a related party, it will not fall under the purview of related party transactions as per Section 188 of the Companies Act, 2013.