Primo Chemicals Ltd — Important, 15-05-2026: Company Update

Primo Chemicals has executed key agreements to acquire a 26% equity stake in TPCS Private Limited for 21 Cr. This investment enables Primo to own and operate a 49.998 MW AC Solar Power Plant under a captive OPEX model. The company signed a Power Purchase Agreement and a Share Subscription and Shareholders' Agreement. Primo Chemicals secures significant rights, including a first refusal on future stake transfers and control over critical decisions of TPCS, safeguarding its investment and ensuring favorable operational conditions for the solar power project.