StockWatch
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Commodity Chemicals
Merger25 Sept 2026, 03:22 pm

Primo Chemicals to merge wholly-owned subsidiary Flow Tech Chemicals

AI Summary

Primo Chemicals Limited announced that its Board of Directors has approved a draft scheme of amalgamation to merge its wholly-owned subsidiary, Flow Tech Chemicals Private Limited, with itself. The amalgamation aims to create a consolidated base of assets and resources for future growth, simplify the group structure, and reduce management overlaps. The appointed date for the scheme is October 1, 2026. The merger involves integrating Flow Tech's business, including its Chlorinated Paraffin and Hydrochloric Acid manufacturing, into Primo Chemicals' existing operations.

Key Highlights

  • Board approves draft scheme of amalgamation for merger.
  • Flow Tech Chemicals, a wholly-owned subsidiary, will merge with Primo Chemicals.
  • Appointed date for amalgamation set as October 1, 2026.
  • Merger aims for operational efficiencies and simplified group structure.
  • Flow Tech manufactures Chlorinated Paraffin and Hydrochloric Acid.