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.

Primo Chemicals filed its 51st Annual Report for FY26 with exchanges on September 8, 2026, ahead of its AGM scheduled for September 30, 2026, reporting a consolidated profit after tax of ₹15.37 crore against ₹3.56 crore in the previous year.

The company fixed September 23, 2026 as the record date for remote e-voting. The Register of Members and Share Transfer Books will remain closed from September 24, 2026 to September 30, 2026, both days inclusive. The AGM will be held at 2:00 pm through Video Conferencing or other Audio Visual Means.

FY26 Financial Performance

Primo Chemicals delivered improved profitability in FY26, supported by stable revenue, lower finance costs, and a strong contribution from associate Flow Tech Chemicals Private Limited. The following table summarises the key financial highlights.

Standalone revenue from operations stood at ₹561.69 crore, up 1.10% from ₹555.56 crore. Finance costs moderated to ₹18.50 crore from ₹23 crore in the previous year, a decline of 19.64%. Combined average sales realisation improved to ₹40,660 per ECU from ₹38,423 per ECU. The company recorded capacity utilisation of 82% with total Caustic Soda Lye production of 1,36,055 MT.

Associate Company Performance

Flow Tech Chemicals Private Limited, in which Primo holds a 49% equity stake, reported total revenue of ₹342.42 crore with profit before tax of ₹13.02 crore, compared to revenue of ₹275.44 crore and profit before tax of ₹3.56 crore in the previous year. The Board approved the acquisition of the remaining 51% stake in Flow Tech Chemicals on July 2, 2026, with shareholders according consent through postal ballot on August 5, 2026, to make it a wholly owned subsidiary.

Key Performance Indicators

The annual report disclosed the following five-year trend in key financial metrics.

Strategic Initiatives and Energy Investment

In January 2026, the Board approved a ₹21 crore investment to acquire a 26% equity stake in TPCS Private Limited, a special purpose vehicle established to develop a 49.998 MW AC captive solar power plant under an OPEX model. The Power Purchase Agreement was executed in May 2026, granting Primo pari passu rights with the promoter group and a Right of First Refusal on any future stake transfer. The company's existing 35 MW captive power plant at Naya Nangal completed its first full year of operation in FY26, supported by a long-term coal linkage with Northern Coalfields Limited for an Annual Contracted Quantity of 1,25,000 MT.

Credit Rating and Governance

CRISIL assigned a fresh rating of BBB with a Stable outlook, a notch above the previous BBB- from CARE. CARE Ratings had revised its rating to CARE BBB-; Stable on July 23, 2025, with outlook revised from Negative. The Board was strengthened during the year with the appointment of CA Dipti Jain as Woman Independent Director in November 2025, and Shri Dibakar Sarkar and CA Sobhag Mal Jain as Independent Directors in May 2026. CA Anoop Kumar Kabra was appointed Chief Financial Officer with effect from February 27, 2026. Foreign Institutional Investor participation rose to 0.32% by June 2026 from below 0.11% in the preceding twelve months, while promoter holding increased from 31.35% to 32.40%.

Key Financial Ratios

CSR and Voting Details

The company spent ₹74.84 lakh on CSR activities against a total obligation of ₹74.56 lakh, after setting off ₹34.41 lakh from the previous year's excess expenditure. The Board did not recommend any dividend for FY26. Remote e-voting opens September 27, 2026 at 10:00 am and closes September 29, 2026 at 5:00 pm, with the cut-off date of September 23, 2026. The disclosures were made pursuant to Regulation 30 read with Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE607A01022/3042daee-c9f5-4902-8219-97a2b1008144.pdf