Primo Chemicals Ltd — Important, 05-05-2026: Company Update

Primo Chemicals Limited's board has approved the termsheet and incorporation structure for its investment in a Special Purpose Vehicle (SPV) for a 50 MW Solar Power Plant. The SPV, TPCSP Private Limited, was incorporated on February 13, 2026. This strategic investment aims for a 26% equity stake for Rs. 21 Cr. This move is anticipated to generate cost savings of up to Rs. 24 Cr per annum for Primo Chemicals once the solar plant, operating under a captive model, is commissioned. The company is currently finalizing the Power Purchase and Shareholder Agreements.