Nature of Disclosure: Regulatory filing pursuant to SEBI LODR Regulation 30 regarding completion of acquisition of remaining equity stake in subsidiary.
Key Transaction Details:
- Primo Chemicals Limited executed the 2nd Supplementary Share Purchase Agreement on September 16, 2026
- Acquired the balance 51% equity stake in Flow Tech Chemicals Private Limited from its existing shareholders (other than Primo Chemicals Limited)
- Transaction follows earlier disclosure via Letter No. PCL:SEC:2026:248 dated July 2, 2026
Approval Process:
- Shareholder approval obtained through Postal Ballot by e-voting on August 5, 2026
- Approval specifically for acquisition of balance 51% equity stake in Flow Tech Chemicals
Outcome:
- Flow Tech Chemicals Private Limited has become a wholly owned subsidiary of Primo Chemicals Limited
- No financial consideration or valuation details disclosed in the filing
Regulatory Context:
- Disclosure made under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Filed with both BSE Limited and National Stock Exchange of India Ltd.
Financial Impact: Financial impact not quantified in the disclosure.