Primo Chemicals acquires balance 51 percent in Flow Tech, makes it wholly owned unit

Strategic Transactions View source PDF Explain this filing

PRIMO · price

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Price reactionminutes from the announcement price · days from the prior close

+0.8%Reaction day

₹21.26

prior close

₹21.35

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%-0.0% vs market

Commodity Chemicals peers, median of 61sector+0.4%+0.5% vs sector

On the reaction day the stock moved in line with Nifty Microcap 250 and 0.5 pts more than its Commodity Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+2.8

10m

+2.2

15m

+2.6

30m

+2.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.8+0.8-0.0+0.4+0.5

Next day

+0.2+2.5-2.3+0.3-0.2

+4.7+2.3+2.3+0.2+4.4

+7.0+2.8+4.3+0.7+6.3

+7.9+4.1+3.8+0.9+7.0

+4.9+2.5+2.4+0.4+4.5

+33.1+1.2+31.9-0.1+33.2

15d

+23.9-0.8+24.7-2.7+26.6

+17.6-1.7+19.3-1.3+18.9

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UpDownMarket · Nifty Microcap 250Sector · Commodity Chemicals peers, median of 61Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Primo Chemicals has completed the acquisition of the remaining 51 percent equity stake in Flow Tech Chemicals Private Limited, making it a wholly owned subsidiary. Shareholders had approved the deal through postal ballot on August 5, 2026. The company signed the second supplementary share purchase agreement on September 16, 2026, buying the stake from Flow Tech's existing shareholders. Flow Tech was previously a 49 percent associate of Primo Chemicals and now becomes fully consolidated under its control.

Likely market impact

Flow Tech is now fully consolidated under Primo Chemicals, giving complete ownership and full control over its operations, revenues and bottom line.