Postal ballot: 2 director appointments, MD remuneration, subsidiary acquisition
PRIMO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Primo Chemicals has sent a postal ballot notice for 5 resolutions. These include appointing Dibakar Sarkar and Sobhag Mal Jain as Independent Directors for 5 years each, approving remuneration for MD Naveen Chopra and Executive Director Jatin Dahiya for their remaining 2 year tenure, and acquiring the remaining 51 percent stake in Flow Tech Chemicals (3.88 lakh shares at Rs 1,418.20 per share, about Rs 55.16 crores) to make it a wholly owned subsidiary. E-voting runs from July 7 to August 5, 2026.
Shareholders vote by August 5 on director appointments, MD pay, and full ownership of Flowtech subsidiary worth about Rs 55 crores.