Primo Chemicals Limited released a board outcome notice detailing key corporate developments, including the re-appointment of M/s Kabra & Associates as Cost Auditors for the financial year 2026-27, scheduling its 51st Annual General Meeting for September 30, 2026, and granting in-principle approval to draft a Scheme of Amalgamation for merging Flow Tech Chemicals Private Limited into Primo following the acquisition of its remaining 51% stake.

The board meeting convened on August 14, 2026, where the management moved forward with structural consolidation plans to simplify corporate operations, lower compliance burdens, and gain direct access to Flow Tech’s resources. The proposed merger will proceed once Primo finishes acquiring the remaining 51% shareholding of Flow Tech to make it a wholly owned subsidiary, subject to statutory, shareholder, and regulatory approvals including the National Company Law Tribunal.

Primo Chemicals Limited functions prominently in the chemical manufacturing space, producing essential industrial chemicals like caustic soda, chlorine, and hydrochloric acid. Throughout 2025, the company focused extensively on optimizing manufacturing efficiencies and reinforcing its supply chain infrastructure to navigate cyclical raw material costs and fluctuating market demand across northern India.

During the financial year 2025, the company recorded resilient operational revenues backed by strategic product positioning, though profitability saw fluctuating trends across various quarters due to input cost pressures. Notable institutional entities such as Quant Mutual Fund (Quant Small Cap Fund) hold significant stakes in the company, alongside various domestic and foreign institutional investors tracking its growth trajectory in the specialty chemicals sector.