Primo Chemicals Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 30, 2025
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Primo Chemicals held its 50th AGM on September 30, 2025 via video conferencing, lasting about 44 minutes (2:00 PM to 2:44 PM), with 60 members present. Shareholders considered the adoption of audited standalone and consolidated financial statements for FY25 and the re-appointment of a director retiring by rotation. As special business, three independent directors (Tilak Raj Bajalia, Ashok Goyal, and Kuldip Singh Suhag) were proposed for re-appointment for a second 5-year term starting December 1, 2025. The company also proposed appointing A. Arora & Co. as secretarial auditors for five years (FY26 to FY30) and ratifying cost auditor remuneration of Rs. 80,000 plus GST for FY26. A key item was seeking shareholder approval to extend the timeline for acquiring the remaining 51% stake in Flowtech Chemicals Private Limited. Voting results are yet to be declared and will be shared with the exchanges later.
The AGM was largely procedural, but the extension of the timeline to acquire the remaining 51% in Flowtech Chemicals signals a possible delay in this acquisition, which investors should watch. Re-appointments of independent directors and auditor changes are routine. Voting outcomes on the eight resolutions, once declared, will confirm shareholder sentiment on these proposals.