Flowtech Industrial Projects Increases Stake in Primo Chemicals to 5.01%

Primo Chemicals has reported significant changes in its ownership structure as Flowtech Industrial Projects Private Limited increased its shareholding through multiple transactions.

Latest Transaction Details

Aspect	Details
Acquirer	Flowtech Industrial Projects Private Limited
Shares Acquired	25,25,000 equity shares
Acquisition Type	Open market purchases
Percentage Acquired	1.04%

Impact on Flowtech's Holding

Metric	Value
Previous Ownership Percentage	3.97%
New Ownership Percentage	5.01%

This recent acquisition has pushed Flowtech Industrial Projects' stake in Primo Chemicals above the 5% threshold, triggering disclosure requirements under SEBI takeover regulations.

Previous Transaction

Prior to this, Flowtech had acquired shares through an off-market transaction:

Aspect	Details
Seller	M/s Advance Chemicals
Shares Acquired	7,66,550 equity shares
Acquisition Date	January 23, 2024
Acquisition Type	Off-market inter-se transfer
Percentage Acquired	0.32%

After that transaction, Flowtech's total holding stood at 96,26,710 shares, representing 3.98% of the company's equity.

About Primo Chemicals

Primo Chemicals, formerly known as Punjab Alkalies & Chemicals Limited, is a company listed on the BSE Limited. These recent transactions highlight ongoing changes in its shareholder composition, which may be of interest to market participants and existing shareholders.

The combination of off-market and open market acquisitions suggests a strategic move by Flowtech Industrial Projects to steadily increase its stake in Primo Chemicals. While the immediate impact on day-to-day operations may be limited, such changes in ownership structure can potentially influence the company's long-term strategic decisions.

Investors and market analysts may want to monitor any further developments or disclosures from Primo Chemicals regarding these changes in shareholding pattern.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.50%	-5.56%	+3.77%	-4.16%	-14.41%	-14.41%

Primo Chemicals Limited (PCL) has announced the resignation of Ms. Teesta Sandhu from her position as an Independent Director on the company's Board, effective October 23, 2025. The decision, attributed to personal and professional commitments, was disclosed in a regulatory filing to the stock exchanges.

Key Details of the Resignation

Aspect	Details
Director Name	Ms. Teesta Sandhu
DIN	09415955
Position	Independent Director
Effective Date	October 23, 2025
Reason	Personal and professional commitments
Additional Role Affected	Member of Risk Management Committee

Impact on Board Composition

With Sandhu's departure, Primo Chemicals will need to reconfigure its Risk Management Committee, as she will also cease to be a member of this crucial oversight body. The company has not yet announced a replacement for either position.

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Primo Chemicals has promptly informed the stock exchanges about this change in board composition. The company has also provided the necessary details as required by SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Additional Information

Ms. Sandhu has confirmed that there are no material reasons for her resignation other than those stated in her resignation letter. It's worth noting that she did not hold directorship positions in any other listed entities at the time of her resignation.

The resignation letter and related disclosures have been received and acknowledged by the company's Board of Directors. Primo Chemicals' Company Secretary and Chief HR Officer, Sugandha Kukreja, has signed off on the regulatory filing, ensuring transparency in the process.

As the company adjusts to this change in its leadership structure, stakeholders will be watching closely to see how Primo Chemicals addresses the vacancy and maintains the effectiveness of its Risk Management Committee.