Primo Chemicals' Independent Director Teesta Sandhu Steps Down

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.22%	-0.42%	-7.56%	-15.87%	-16.02%	-16.02%

Primo Chemicals Limited has announced a series of strategic decisions and its financial results for the first quarter of the fiscal year 2025-26. The company's board meeting, held on August 14, 2025, approved several significant measures and disclosed the financial performance for the quarter ended June 30, 2025.

Financial Performance

Primo Chemicals reported a consolidated net profit of Rs 407.76 crore for Q1 FY2025-26, a substantial improvement from the loss of Rs 1,124.97 crore in the same quarter of the previous year. The company's revenue from operations stood at Rs 1,419.38 crore, up from Rs 1,219.28 crore in Q1 FY2024-25.

Here's a breakdown of the key financial metrics:

Particulars (in Rs crore)	Q1 FY2025-26	Q1 FY2024-25
Revenue from Operations	1,419.38	1,219.28
Total Income	1,472.12	1,278.02
Profit Before Tax	70.87	30.37
Net Profit	407.76	(1,124.97)

The company's performance shows a significant turnaround, with a notable increase in profitability compared to the previous year.

Key Board Decisions

Secretarial Auditor Appointment

The board approved the appointment of M/s. A. Arora & Co., Practicing Company Secretary, as the Secretarial Auditor for a term of five consecutive years from FY2025-26 to FY2029-30, subject to shareholder approval.

Re-appointment of Independent Directors

The board approved the re-appointment of three Independent Directors - Shri Tilak Raj Bajalia, Shri Ashok Goyal, and Shri Kuldip Singh Suhag - for a second term of five years, from December 1, 2025, to November 30, 2030, subject to shareholder approval.

Acquisition of Flow Tech Chemicals

Primo Chemicals approved the acquisition of the remaining 51% stake in Flow Tech Chemicals Private Limited, a promoter group company. Primo already holds a 49% stake in Flow Tech, which manufactures chlorinated paraffin and hydrochloric acid. Flow Tech reported a turnover of Rs 275.01 crore in FY2024-25.

Annual General Meeting

The company's 50th Annual General Meeting is scheduled for September 30, 2025, to be held via video conferencing. The register of members and share transfer books will be closed from September 24, 2025, to September 30, 2025, for the purpose of the AGM.

These strategic decisions and the improved financial performance indicate Primo Chemicals' focus on strengthening its corporate governance and expanding its business operations. The acquisition of Flow Tech Chemicals is expected to enhance the company's product portfolio and market presence in the chemical industry.