The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Flowtech Industrial Projects Pvt Ltd
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Flowtech Industrial Projects Pvt Ltd, part of the promoter/promoter group of Primo Chemicals Ltd, acquired 25,25,000 equity shares (1.04% of total share capital) through open market purchases on November 28, 2025. Prior to this acquisition, Flowtech held 96,26,710 shares (3.97%); after the acquisition, its holding stands at 1,21,51,710 shares (5.01%). The disclosure was filed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011. The company's total equity share capital is Rs. 48.47 crore (24.23 crore equity shares of Rs. 2 each), which remained unchanged post-acquisition.
This is a positive signal of promoter confidence, as a promoter-group entity has voluntarily increased its stake in Primo Chemicals via open market buying. The holding has crossed the 5% disclosure threshold, meaning further creeping acquisition by this entity will need to be tracked against SEBI's annual creeping limits (typically 5% per financial year for non-promoters, with specific rules for promoters).