Primo Chemicals has completed the acquisition of the remaining 51% equity stake in Flow Tech Chemicals Private Limited, establishing it as a wholly owned subsidiary. The transaction was finalized on September 16, 2026.

The move follows shareholder approval obtained through a postal ballot on August 5, 2026. This step consolidates Primo’s control over Flow Tech, aligning with its earlier disclosure dated July 2, 2026.

Transaction Details

Primo executed the second Supplementary Share Purchase Agreement to acquire the balance stake from existing shareholders other than itself. The acquisition brings Flow Tech entirely under Primo’s ownership structure.

Regulatory Compliance

The disclosure is made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Primo notified the stock exchanges of the completion of the acquisition.

Primo Chemicals submitted its Business Responsibility and Sustainability Report (BRSR) for FY26 to stock exchanges on September 8, 2026. The filing discloses environmental, social, and governance performance data, including energy intensity and waste management outcomes.

Environmental Metrics

The company reported total energy consumption of 36,265,907,141.40 Joules in FY26, up from 20,144,047,722 Joules in the previous year. This increase drove energy intensity per rupee of turnover to 6.65 Joules/₹, compared to 3.78 Joules/₹ in FY25.

Water withdrawal remained entirely from surface sources, totaling 1,177,078 kiloliters in FY26 versus 1,004,448 kiloliters in FY25. The entity maintains a Zero Liquid Discharge philosophy, treating effluent through Multiple Effect Evaporators (MEE) and Reverse Osmosis (RO) plants before recycling permeate into cooling towers.

Greenhouse gas emissions showed a slight rise in Scope 1 emissions to 0.293 metric tonnes of CO2 equivalent, while Scope 2 emissions increased to 1.552 metric tonnes. Total waste generated decreased to 5,391.88 metric tonnes from 5,576.81 metric tonnes in the prior year.

Social and Governance Data

The workforce comprised 125 employees and 646 workers as of year-end. Permanent employees saw a turnover rate of 16.23%, down from 18.96% in FY25. Female representation among permanent employees stood at 5.98%.

The board includes one female director, representing 14.29% of the seven-member board. Key Management Personnel included one female member, accounting for 50% of that group. The company reported no fatalities or lost-time injuries during the fiscal year.

What the Numbers Show

Energy consumption nearly doubled in absolute terms while revenue grew by approximately 2.2% (from ₹5,335.8 crore to ₹5,452.4 crore). This divergence suggests a significant increase in production volume or operational scale that outpaced top-line growth, resulting in higher energy intensity per rupee of sales.