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PRIMO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Primo Chemicals' Board meeting on 5th May 2026 approved two key appointments: Mr. Dibakar Sarkar and Mr. Sobhag Mal Jain as Additional Directors (Non-Executive Independent) for a 5-year term each, subject to shareholder approval. Mr. Munish Aggarwal, Senior Vice President - Operations, has tendered his resignation effective 10th May 2026, citing personal reasons. Separately, Primo Chemicals will acquire the remaining 51% stake in Flow Tech Chemicals Private Limited (a Promoter Group company) by 31st March 2027, making it a wholly-owned subsidiary. Flow Tech posted turnover of Rs. 34,166.14 lakhs and PAT of Rs. 979.58 lakhs in FY 2025-26. The acquisition at cash consideration will give Primo better control over its chlorine supply chain and expand its chemical product portfolio.
The resignation of a senior operations executive may cause temporary disruption, though shareholder approvals for new independent directors could bring fresh governance perspectives. The acquisition of Flow Tech will strengthen Primo's backward integration in chlorine disposal and expand its product offerings.