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Primo Chemicals MD, chairman, board of directors and AGM

NSE: PRIMOBSE: 506852Chemicals & PetrochemicalsSmall Cap

Last close ₹21.99down ₹0.84 (3.68%)BSE ₹22.18

Share price at the NSE close on 23 Oct 2026. Previous close ₹22.83.

52-week range of traded prices to 23 Oct 2026
₹16.10Low, 24 Mar 2026₹29.80High, 28 Sep 2026
Market cap
₹533 Cr1,815th largest listed
P/E
33.4
P/B
1.3
Dividend yield
Nonein the last 12 months
ROE
4.0%
ROCE
2.9%
Debt to equity
0.32
Volume, NSE
1,72,50460.2% delivered

Primo Chemicals board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonSukhbir Singh DahiyaRelated to the promoter
  • Managing directorNaveen Chopra
  • Company Secretary and Compliance OfficerSugandha Kukreja

9 directors5 independent2 executive2 non-executive

  • Sukhbir Singh Dahiya · ChairpersonNon-executive · joined Oct 2020 · reappointed Dec 2020 · 1 listed board · 1 committee seat, 1 as chair
  • Jagbir Singh AhlawatNon-executive · joined Oct 2020 · reappointed Dec 2020 · 1 listed board
  • Jatin DahiyaExecutive · joined Oct 2020 · reappointed Apr 2024 · 1 listed board
  • Tilak Raj BajaliaIndependent · joined Oct 2020 · reappointed Dec 2025 · 70 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • Ashok GoyalIndependent · joined Oct 2020 · reappointed Dec 2025 · 70 months as independent · 2 listed boards · 2 as independent · 1 committee seat, 1 as chair
  • Naveen Chopra · Managing directorExecutive · joined Oct 2020 · reappointed Oct 2023 · 1 listed board · 2 committee seats
  • Dipti JainIndependent · joined Nov 2025 · reappointed Nov 2025 · 10 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Dibarkar SarkarIndependent · joined May 2026 · reappointed May 2026 · 4 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Sobhag Mal JainIndependent · joined May 2026 · reappointed May 2026 · 4 months as independent · 4 listed boards · 4 as independent · 4 committee seats

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

2 directors who left
  • Kuldip Singh Suhag, left 18 Mar 2026: Others
  • Teesta Sandhu, left 23 Oct 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 25 Sep 20269 of 9 present5 independent · 41 days in between
    • 14 Aug 20269 of 9 present5 independent · 42 days in between
    • 2 Jul 20268 of 9 present5 independent · 57 days in between
    • 5 May 20267 of 7 present3 independent

  • Audit Committee

    Chair Tilak Raj Bajalia

    Naveen Chopra, Sobhag Mal Jain, Dipti Jain

    • 25 Sep 20264 of 4 present3 independent · 41 days in between
    • 14 Aug 20264 of 4 present3 independent · 42 days in between
    • 2 Jul 20264 of 4 present3 independent · 57 days in between
    • 5 May 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Dibarkar Sarkar

    Sukhbir Singh Dahiya, Tilak Raj Bajalia, Ashok Goyal

    • 14 Aug 20264 of 4 present3 independent · 42 days in between
    • 2 Jul 20264 of 4 present3 independent · 57 days in between
    • 5 May 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Sukhbir Singh Dahiya

    Naveen Chopra, Dibarkar Sarkar

    • 26 Aug 20263 of 3 present1 independent · 28 days in between
    • 28 Jul 20263 of 3 present1 independent · 25 days in between
    • 2 Jul 20263 of 3 present1 independent · 50 days in between
    • 12 May 20263 of 3 present1 independent · 38 days in between
    1 earlier meeting
    • 3 Apr 20263 of 3 present1 independent

  • Risk Management Committee

    Chair Naveen Chopra

    Jatin Dahiya, Dipti Jain, Jagbir Singh Ahlawat

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair Ashok Goyal

    Jagbir Singh Ahlawat, Jatin Dahiya

    • 5 May 20263 of 3 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • S Tandon and Associates LLPPeer-review certificate valid to Nov 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Primo Chemicals AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Primo Chemicals share news and announcements

Annual general meeting, 30 Sep 2026

48,572 shareholders on the register on 23 Sep 2026; present: 10 promoters and 48 others; votes counted by AJAY K. ARORA / A.ARORA & CO..The company's voting result (opens in a new tab)

  1. Adoption of (i) The Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2026, the Reports of the Board of Directors’ and Auditors’ thereon; and (ii) The Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2026, and the reports of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 66.32% · promoters 100.00% · institutions 85.41% · other public 48.99%

  2. Appointment of a Director in place of Shri Jatin Dahiya (DIN: 08106876), who retires by rotation and being eligible offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 66.32% · promoters 100.00% · institutions 85.41% · other public 48.99%

  3. According of approval to ratify the Remuneration of M/s. Kabra and Associates, Cost Accountants as the Cost Auditors of the Company for the financial year 2026-27 at a remuneration of Rs.80,000/- plus GST besides the reimbursement of out of pocket expenses.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 66.32% · promoters 100.00% · institutions 85.41% · other public 48.99%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 5 Aug 2026, 5 resolutions

49,055 shareholders on the register on 3 Jul 2026; votes counted by AJAY K. ARORA / A. ARORA & CO.The company's voting result (opens in a new tab)

  1. Appointment of Shri Dibakar Sarkar (DIN:07761581) as Director (Non-Executive Independent) on the Board of Directors of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 66.51% · promoters 100.00% · institutions 83.60% · other public 49.32%

  2. Appointment of Shri Sobhag Mal Jain (DIN:08770020) as Director (Non-Executive Independent) on the Board of Directors of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 66.51% · promoters 100.00% · institutions 83.60% · other public 49.32%

  3. Approval for Acquisition of balance 51% stake of Flow Tech Chemicals Private Limited making it a Wholly owned Subsidiary of the Company.
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 34.11% · promoters 0.00% · institutions 83.60% · other public 49.32%

  4. Approval of the remuneration payable to Shri Naveen Chopra (DIN: 08465391), Managing Director of the Company for the remaining two (2) years of his current term of office.
    Special
    99.81% for0.19% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.59%

    Turnout: all 50.00% · promoters 100.00% · institutions 83.60% · other public 24.06%

  5. Approvalofthe remuneration payable to ShriJatin Dahiya (DIN: 08106876), Executive Director of the Company for the remaining two (2) years of his current term of office.
    SpecialPromoters have an interest in it
    99.73% for0.27% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.29%

    Turnout: all 34.11% · promoters 0.00% · institutions 83.60% · other public 49.32%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 12 Feb 2026, 1 resolution

49,927 shareholders on the register on 9 Jan 2026; votes counted by AJAY K. ARORA / A. ARORA & CO..The company's voting result (opens in a new tab)

  1. Appointment of Ms. Dipti Jain (DIN: 10685596) as Woman Director (Non-Executive Independent) on the Board of Directors of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 66.41% · promoters 100.00% · institutions 93.89% · other public 48.99%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Sep 2025, 8 resolutions

50,829 shareholders on the register on 23 Sep 2025; present: 8 promoters and 52 others; votes counted by AJAY K. ARORA / A.ARORA & CO..The company's voting result (opens in a new tab)

  1. Adoption of (i) the Audited Standalone Financial Statements of the company for the financial year ended 31st March, 2025, the Reports of the Board of Directors and Auditors thereon and (ii) the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2025 and the Report of Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 61.97% · promoters 85.43% · institutions 93.96% · other public 49.97%

  2. Appointment of a Director in place of Shri Jagbir Singh Ahlawat (DIN: 01139187), Non Executive and Non- Independent Director who retires by rotation and being eligible, offers himself for re-appointment.MoreLess
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 55.57% · promoters 65.03% · institutions 93.96% · other public 49.97%

  3. According of approval to ratify the Remuneration of M/s. Kabra & Associates, Cost Accountants as the Cost Auditors of the Company for the financial year 2025-26 at a remuneration of Rs. 80,000/- plus GST besides the reimbursement of out of pocket expenses.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 61.97% · promoters 85.43% · institutions 93.96% · other public 49.97%

  4. According of approval for Appointment of M/s. A. Arora and Co., Practicing Company Secretaries, as the Secretarial Auditors of the Company, for a term of five (5) consecutive years with effect from Financial Year 2025-26 to Financial Year 2029-30.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 61.97% · promoters 85.43% · institutions 93.96% · other public 49.97%

  5. According of approval for re-appointment of Shri Tilak Raj Bajalia (DIN:02291892) as an Independent Director of the Company, to hold office for a Second term of five (5) consecutive years with effect from 1st December, 2025.MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 61.97% · promoters 85.43% · institutions 93.96% · other public 49.97%

  6. According of approval for re-appointment of Shri Ashok Goyal (DIN:08930828) as an Independent Director of the Company, to hold office for a Second term of five (5) consecutive years with effect from 1st December, 2025.MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 61.97% · promoters 85.43% · institutions 93.96% · other public 49.97%

  7. According of approval for re-appointment of Shri Kuldip Singh Suhag (DIN:08925842) as an Independent Director of the Company, to hold office for a Second term of five (5) consecutive years with effect from 1st December, 2025.MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 61.94% · promoters 85.43% · institutions 93.96% · other public 49.93%

  8. According of approval to acquire balance stake of 51% in Flow Tech Chemicals Private Limited.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 35.18% · promoters 0.00% · institutions 93.96% · other public 49.97%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 12 Feb 2026, 1 fund house

  • Appointment of Ms. Dipti Jain (DIN: 10685596) as Woman Director (Non-Executive Independent) on the Board of Directors of the Company.
    1 for0 against

Mutual fund votes, meeting of 30 Sep 2025, 1 fund house

  • Adoption of (i) the Audited Standalone Financial Statements of the company for the financial year ended 31st March, 2025, the Reports of the Board of Directors and Auditors thereon and (ii) the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2025 and the Report of Auditors thereon.MoreLess
    1 for0 against
  • Appointment of a Director in place of Shri Jagbir Singh Ahlawat (DIN: 01139187), Non Executive and Non- Independent Director who retires by rotation and being eligible, offers himself for re-appointment.MoreLess
    1 for0 against
  • According of approval to ratify the Remuneration of M/s. Kabra & Associates, Cost Accountants as the Cost Auditors of the Company for the financial year 2025-26 at a remuneration of Rs. 80,000/- plus GST besides the reimbursement of out of pocket expenses.MoreLess
    1 for0 against
  • According of approval for Appointment of M/s. A. Arora and Co., Practicing Company Secretaries, as the Secretarial Auditors of the Company, for a term of five (5) consecutive years with effect from Financial Year 2025-26 to Financial Year 2029-30.MoreLess
    1 for0 against
  • According of approval for re-appointment of Shri Tilak Raj Bajalia (DIN:02291892) as an Independent Director of the Company, to hold office for a Second term of five (5) consecutive years with effect from 1st December, 2025.MoreLess
    1 for0 against
  • According of approval for re-appointment of Shri Ashok Goyal (DIN:08930828) as an Independent Director of the Company, to hold office for a Second term of five (5) consecutive years with effect from 1st December, 2025.MoreLess
    1 for0 against
  • According of approval for re-appointment of Shri Kuldip Singh Suhag (DIN:08925842) as an Independent Director of the Company, to hold office for a Second term of five (5) consecutive years with effect from 1st December, 2025.MoreLess
    1 for0 against
  • According of approval to acquire balance stake of 51% in Flow Tech Chemicals Private Limited.
    1 for0 against
2 earlier meetings

Mutual fund votes, meeting of 26 Sep 2024, 1 fund house

  • 1. Adoption of (i) the Audited Standalone Financial Statements for the financial year ended 31st March,2024, the Reports of the Directors and Auditors thereon and (ii) the Audited Consolidated Financial Statements for the financial year ended 31st March, 2024 and the Report of Auditors thereon. - (As anOrdinary Resolution) 2. Appointment of a Director in place of Shri Sukhbir Singh Dahiya (DIN: 00169921), Non Executive and Non- Independent Director who retires by rotation and being eligible, offers himself for re-appointment. - (As an Ordinary Resolution) 3. According of approval to ratify the Remuneration of M/s. Kabra and Associates, Cost Accountants as the Cost Auditors of the Company for the financial year 2024-25 at a remuneration of Rs. 80,000/- plus GST besides the reimbursement of out of pocket expenses.- (As an Ordinary Resolution) 4. According of approval for re-classification / removal of name of M/s. Advance Chemicals from `Promoter group` to `Non-Promoter/Public Category` of Primo Chemicals Limited under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.- (As an Ordinary Resolution)MoreLess
    1 for0 against

Mutual fund votes, meeting of 29 Sep 2023, 1 fund house

  • 1. Adoption of (i) the Audited Standalone Financials Statements for the financial year ended 31st March, 2023 and the Reports of the Directors and Auditors thereon and (ii) the Audited Consolidated Financial Statements for the financial year ended 31st March, 2023 and the Report of Auditors thereon. - (As an Ordinary Resolution) 2. Appointment of a Director in place of Shri Naveen Chopra (DIN: 08465391), who retires by rotation and being eligible, offers himself for re-appointment. - (As an Ordinary Resolution) 3. According of approval to ratify the Appointment and Remuneration of M/s. Kabra and Associates, Cost Accountants as the Cost Auditors of the Company for the financial year 2023-24 at a remuneration of Rs. 70,000/- besides the reimbursement of out of pocket expenses.- (As an Ordinary Resolution) 4. According of approval for variation in terms of remuneration payable to Shri Naveen Chopra, Managing Director with effect from 1st April, 2023.- (As a Special Resolution) 5. According of approval for variation in terms of remuneration payable to Shri Jatin Dahiya, Executive Director with effect from 1st April, 2023.- (As a Special Resolution) 6. According of approval for re-appointment of Shri Naveen Chopra as Managing Director of the Company for further period of 5 years.- (As a Special Resolution) 7. According of approval for re-appointment of Shri Jatin Dahiya as Executive Director of the Company for further period of 5 years.- (As a Special Resolution) 8. According of approval for adoption of new set of Articles of Association in accordance with the provisions of Companies Act, 2013 (As a Special Resolution) 9. According of approval for adoption of new set of Memorandum of Association in accordance with the provisions of Companies Act, 2013. (As a Special Resolution) 10. According of approval to acquire balance stake of 51% in Flow Tech Chemicals Private Limited.- (As a Special Resolution) 11. According of approval for providing Corporate Guarantee to HDFC Bank Limited, as security for credit facilities of Rs.62.03 crores sanctioned by HDFC Bank Limited to Flow Tech Chemicals Private Limited, Associate Company.-(As a Special Resolution) 12. According of approval of the Company to the Board of Directors of the Company to enter into contracts/ arrangements/ agreements/ transactions on arm`s length basis with related parties within the meaning of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.-(As an Ordinary Resolution) 13. According of approval of the Company to the Board of Directors under Section 180(1)(c) of the Companies Act, 2013 and other applicable Rules to borrow money(ies) to the extent of Rs.1000 Crores or the aggregate of the paid up capital and free reserves of the Company, whichever is higher.- (As a Special Resolution) 14. According of approval of the Company to the Board of Directors of the Company, to (i) give any loan to any person or other body corporate; (ii) give any guarantee or provide any security in connection with a loan to any other body corporate or person and (iii) acquire by way of subscription, purchase or otherwise, the securities of any other body corporate which, shall not exceed a sum of Rs.1000 Crores (Rupees One Thousand Crores only) over and above the limit of 60% of the paid-up share capital, free reserves and securities premium account of the Company or 100% of free reserves and securities premium account of the Company, whichever is more, as prescribed under Section 186 of the Companies Act, 2013. - (As a Special Resolution)MoreLess
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Stakes in unlisted companies

Reported in the filing for the quarter to Sep 2026.

  • Unlisted stake boughtFlow Tech Chemicals Private LimitedSince 16 Sep 2026

    51.00% bought in the quarter; holding 100.00%, from 49.00%

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.