Summary of Key Information:
Reporting Period (Quarter/Year): Not Applicable
Nature of Filing / Announcement: Outcome of Board Meeting - Approval of Scheme of Amalgamation
Key Financial Highlights:
Financial information provided for both entities as of 31st March, 2026 [Amount in Rs. Lakhs]:
Primo Chemicals Limited:
- Total Income: Not Specified
- Revenue from Operations: Not Specified
- Net Profit: Not Specified
Flow Tech Chemicals Private Limited:
- Total Income: ₹2,019.27 Lakhs
- Revenue from Operations: Not Specified
- Net Profit: Not Specified
Corporate Actions:
The Board approved the Draft Scheme of Amalgamation of Flow Tech Chemicals Private Limited (Transferor Company) with Primo Chemicals Limited (Transferee Company).
Key details of the amalgamation:
- Appointed Date: 1st October, 2026
- Flow Tech is a wholly-owned subsidiary of Primo Chemicals Limited
- No cash consideration involved
- No share exchange ratio applicable
- No change in shareholding pattern of Primo Chemicals Limited post-amalgamation
- Requires approvals from NCLT, members, creditors, and other regulatory authorities
Business Rationale for Amalgamation:
The amalgamation is expected to provide:
- More efficient utilization of capital
- Creation of consolidated asset base for future growth
- Simplification of overall group structure
- Full integration of Flow Tech's operations within Primo
- Reduction of administrative, managerial and other costs
- Synergy benefits including competitive edge and consolidation of growth opportunities
- Pooling of proprietary information, personnel, financial, and managerial resources
Business Areas:
Primo Chemicals Limited: Manufacturing of Caustic Soda Lye, Caustic Soda Flakes, Liquid Chlorine, Sodium Hypochlorite, Hydrogen Gas, SBP and Chloride. Main products are caustic soda lye and liquid chlorine.
Flow Tech Chemicals Private Limited: Manufacturing of Chlorinated Paraffin and Hydrochloric Acid.
Additional Information:
The announcement is in response to BSE query dated 26th September, 2026, seeking additional details as per SEBI Circular dated 30th January, 2026.