Primo Chemicals to merge with 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 assets and resources for future growth and enhance shareholder value. The appointed date for the amalgamation is set for October 1, 2026. The transaction details, as required by SEBI LODR, have been provided, noting that while it involves a wholly-owned subsidiary, it will not be considered a related party transaction under Section 188 of the Companies Act, 2013. Primo Chemicals is involved in manufacturing chemicals like Caustic Soda Lye and Chlorine, while Flow Tech produces Chlorinated Paraffin and Hydrochloric Acid.