PRIMO

CHEMICALS
PCL:SEC:2024:2209 12.11.2024

BSE Limited,
1st Floor, New Trading Ring,
Rotunda Building, P.J. Towers,
Dalal Street, Fort,
MUMBAl-400 001

Scrip Code: 506852

Sub.: Unaudited Financial Results (Standalone and Consolidated) for the Quarter and
Half Year ended 30" September 2024 and Outcome of Board Meeting held on 12"
November, 2024- Disclosure under Regulation 30 and 33 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015.

Dear Sir,

Pursuant to the Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, we would like to inform you that the Board of Directors of the
Company in its meeting held on 12" November, 2024, commenced at 12:30 Hours and
concluded at 14:50 Hours, inter-alia, has considered and approved the following:

1. Unaudited Financial Results (Standalone and Consolidated) for the Quarter and Half year
ended 30" September, 2024 alongwith Limited Review Reports issued by Statutory
Auditors; and

2. Direct Listing of Equity shares of the Company at Main Board of National Stock Exchange of
India Ltd. (NSE). The listing at NSE will Enhance visibility for the performance of the
Company, increase reach to wider shareholders base and Option to the shareholders of the
Company to execute their trades on more than one stock exchange. In the due course and
subject to completion of necessary formalities, the Company will proceed to make listing
application to NSE.

Kindly take the above on record.

Please acknowledge receipt.

Thanking you,

Yours faithfully,
For Primo Chemicals Limited
(Formerly known as Punjab Alkalies & Chemicals Limited)
Sugandha
Digitally signed by Sugandha Kukreja
DN: c=IN, o=Personal, title=8944,
pseudonym=Nawh5cKGL4BWLC7v78kgyXfDNKwS6STM,
2.5.4.20=8e48f5743a18b9bd0f732dcb54965d9eb99aa6720cf02ff

Kukreja
5ee3d5b3645ea4a21, postalCode=140603, st=Punjab,
serialNumber=7c9f38ba2bd211064bc359d4fd3e5d37c16fae928
1cceb71988f77679726c2e9, cn=Sugandha Kukreja
Date: 2024.11.12 14:53:49 +05'30'

SUGANDHA KUKREJA
Company Secretary & Chief HR Officer

Encl.as above.

PRIMO CHEMICALS LIMITED

(FOR MER LY KNOWN AS PU N JAB AL KAL IES & C H EM IC ALS L IMITED )
R EGD . OFFIC E S.C .O. 12 5- 12 7 , SEC TOR 17-B, C H AN D IGAR H -16 0 0 17 C OR POR ATE OFFIC E: PL OT N O. 4 6 -5 0 , SEC TOR 3 1-A, C H AN D IGAR H -16 0 0 3 0
PH ON E : 0 17 2 -4 0 7 2 5 0 8- 5 6 9, EMAIL : IN FO@PR IMOC H EMIC AL S.JN C IN : L 2 4 119 C H 19 7 5 PL C 0 0 3 6 0 7 WEBSITE : WWW. PRIMOCHEMIC AL S.IN
WOR KS : N AN GAL -U N A R OAD , NAYA N AN GAL-14 0 12 6 D ISTT. R OPAR , PU N JAB, IN D IA
 P RIMO CHE MICA LS LIMITE D (FORME RLY K NOWN A S P UNJ A B A LKALIE S & CHE MICA LS LIMITE D)
CIN: L24119CH1975P LC003607
Regd. Offic e: S CO 125-127, S ec tor 17-B , CHA NDIGA RH 160 017,
Corporate Office : Bay No. 46-50, Sector 31-A, Chandigarh - 160030,
Tel No. 0172-2801649, Em ail : secretarial@prim ochem icals.in, Website: www.prim ochem icals.in
Standalone Unaudited Financial Results for the Quarter and Half Year Ended 30th Septem ber, 2024
(Rs . In lak hs)

P art-I Financial Year

Quarter Half Y ear Half Y ear
S r. No. P artic ulars Quarter E nded Quarter E nded
E nded E nded E nded E nded
30.09.2024 30.06.2024 30.09.2023 31.03.2024
30.09.2023 30.09.2024
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (A udited)
(Unaudited)
13436.20 12192.82 9319.87 25629.02 20307.65 39698.02
1 Revenue from operations
586.45 587.38 483.88 1173.83 1029.87 1942.14
2 Other Incom e
14022.65 12780.20 9803.75 26802.85 21337.52 41640.16
3 Total Rev enue (1+2)
4 Exoenses:
al Cost of materials consum ed
1755.55 1787.72 1509,49 3543.27 3237.05 6443.84
i) S alt
5143.78 5199.09 4586.99 10342.87 9746,38 18551.14
ii)Power
1467.08 881.90 593.28 2348.98 1201.32 2668.23
iii) Others
8366.41 7868,71 6689.76 16235.12 14184.75 27663.21
Total
940.64 940.64 1.26 1.26
bl Purchase of Stock-in-Trade
c) Chanaes in Inventories of Finished Goods.
Work-in-Progress and Stock-in-Trade 147.70 16.14 158.67 163.84 196.27 (348.59)

1034.04 2480.25 1910.40 3869.47

d) Em plovees benefits expense 1203.33 1276.92
567.48 560.27 438.07 1127.75 741.41 1820.57
el Finance Costs
1321.98 1234.39 900.61 2556.37 1771.14 3956.05
f) Depreciation and am ortisation expense
1717,77 1520.08 1872.63 3237.85 3744.71 7820.70
a) Other expe nses
14265.31 12476,51 11093.78 26741.82 22549.94 44782.67
Total Expenses
303.69 (1290.03) 61.03 (1212.42) (3142.51)
Profit/(Loss ) Before Tax (3-4) (242.66)
Tax Expense:
al Current Tax (38.08) 55.12 (25.99) 17.04
19.19
b) Tax adjustm ents related to earlier years
(1530.96) 1419.67 93.29 (111.29) 516.90 1575.88)
cl Deferred Tax
(1569.04) 1474.79 67.30 (94.25) 516.90 (556.69)
Total
1326.38 (1171.10) (1357.33) 155.28 (1729.32) (2585.82)
7 P rofi U(Loss l after tax (5-6)
8 Other Com prehensive Incom e (OCI)
12.99 0.09 (51.24) 13.08 24.02 (10.98)
al Item s that will not be reclassifi ed to profit or loss
4.54 0.03 (17,90) 4.57 10.35 (1.88)
b) Incom e Tax relating to Item s that will not be
reclassified to profit or loss
1334.83 (1171.04) (1390.67) 163.79 (1715.65) (2594.92)
Total Com prehensive Incom e for the period (7+8)
(com prising profit/(loss) and other com prehensive Incom e
for the period)
10 E arn ings/(Loss ) per E quity Share (R s .):
0.54 (0.48)' (0.56) 0.06° (0.71 (1.07)
a) Basic (1.07)
0.54 (0.48)° (0.56) 0.06° (0.71
bl Diluted 4846.86
4846.86 4846.86 4846.86 4846.86 4846.86
11 P aid up E quity S hare Capital
2.00 2.00 2.00 2.00 2.00 2.00
12 Fac e value (In Rs .)
29735.74
13 Reserve excluding Revaluation Reserve.
P A RTII
Quarter Half Y ear Half Y ear Financial Year
S r. No. Particulars Quarter Ended Quarter Ended
E nded E nded E nded E nded
30.09.2024 30.06.2024 30.09.2024 30.09.2023 31.3.2024
30.09.2023
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (A udited)

A P ARTIC ULA RS OF SHA REHOLDING

P ublic S hareholding
166360390 166360390 166360390 166360390 166360390 166360390
- Num ber of Shares
68.65% 68.65% 68.65% 68.65% 68.65% 68.65%
- P ercentage of S hareholding
Prom oters and Prom oter Group Shareholding
al Pledaed/Encum bered
• Number of S hares
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Percentage of Shares (as a % of the total
Shareholding of Prom oter and Prom oter Group)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
- Percentage of Shares (as a % of the total Share
Capital of the Company )
bl Non-e ncum bered
75982830 75982830 75982830 75982830 75982830 75982830
- Num ber of Shares
100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Percentage of Shares (as a % of the total
Shareholding of Prom oter and Prom oter Group)
31.35% 31.35% 31.35% 31.35% 31.35% 31.35%
• P ercentage of S har es (as a % of the total S hare
Capital of the Company )

" INV E S TOR COMP LAINTS

Pending at the beginning of the quarter
Received during the quarter
Nil
NII

Dis posed of during the quarter Nil

Rem aining unresolved at the end of the quarter Nil
Contd .....

f
 2
Standalone Statem ent of Assets and Li abilit ies Rs. in Lakhs
Half Year Financial Year
Sr. No. Particulars Ended Ended
30.09.2024 31.3.2024

A A ASSETS
1 Non Current Assets 47304.94 46167.23
a) Property, Plant & Equipment 629.20 664.34
b) Right-of-use assets 3550.61 4862.55
c) Capital Work in Progress 6.63 7.96
d) Other Intangible Assets
e) Financial Assets 5299.81 5299.81
(i) Investments
(ii} Trade Receivable 2077.55 2257.92
(Iii) Others 868.21 1092.30
f) Other Non Current Assets 59736.95 60352.11
Sub total: Non Current Assets

2 Current Assets 2699.67 2226.59

a) Inventories
b) Financial Assets 4191.67 3499.63
(I) Trade Receivable 16.69 47.13
(ii) Cash and Cash equivalent 723.26 90.60
(iii) Bank Balances other than (ii) above 429.24 192.79
(iv ) Others 5077.49 4362.45
c) Other Current Assets 13138.02 10419.19
S ub total: Current Assets
TOTAL: ASSETS
B EQUITY AND LIABILITIES
1 EQUITY 4846.86 4846.86
a) Equity Share Capital 33376.50 33213.48
b) Other Equity 38223.36 38060.34
Sub Total: Equity

2 LIABILITIES
Non Current Li abilt ies
a) Financial Li abilities 9234.79 10614.81
(I) Borrowings 83.77 110.06
(ii) Lease Liabilit y 533.09 508.76
b) Provisions 1506.38 1613.11
c) Deferred Tax Liabilities (Net) 11358.03 12846.74
S ub Total: Non Current Li abilties

Current Liabillities
a) Financial Liabilities 7697.10 7031.36
(i) Borrowings 66.80 66.80
(Ii) Lease liabilities
(iii) Trade Payables 409.69 455.43
(Al Total outstanding dues of Micro & Small Enterprise 2620.42
2757.27
(Bl Total outstanding dues of other than Micro & Small Enterprise 2776.50 1906.44
(iv) Other Financial Liabilities 9526.17 7706.97
b) Other Current Liabilities 43.01 76.80
c) Provision 17.04
d) Current Tax Liability (Net) 23293.58 19864.22
Sub Total: Current Li abilties 72874.97 70771.30
TOTAL EQUITY AND LIABILITIES
Contd.....
 Standalone Statement of Cas h Flows
Half Year Financial Year
Sr. No. Particulars Ended Ended
30.9.2024 31.03.2024
( Jnaudited (Audited)

A. CASH FLOW FROM OPERATING ACTIVITIES: (2585.82)

155.28
Profit/(Loss) after tax
Adjustments for: (94.25) (556.69)
Inco me Tax E xpense 2386.28 3668.02
Depreciation and Amortisation Expenses 170.09 288.03
Miscellaneous Ex penses Written Off 13.08 (10.98)
Provision for Gratuity 3.81 278.69
Amount Transferred from WiP to Stores (26.47) (51.79)
(Gain) loss on sale of Fixed Assets (54.39) (179.55)
Interest Income 617.03 1068.40
Finance Cost /Interest on Term Loan 3170.46 1918.31
Operating Profit Before Working Capital Changes
Adjustments for: (692.04) 1664.12
(Increase)/Decrease in Trade receivables (715.04) (959.02)
(lncrease)/0ecrease in Other Curr ent A ssets (425.18)
(473.08)
(lncrease)/Decrease ln inventories
(182.45) 1144.14
(Increase)/Decrease In Loan & financial assets others
966.30 (2036.61)
(Decrease)/Increase In Tra de Payable
0.14 (5.25)
(Decrease)/lncrease in Short Term Borrowings
1861.36 1431.03
(Decrease)/Increase In Other Current Liabilities
(33.79) 21.68
(Oecrease)/lncrease in Short Term Provisions
731.40 834.91
Net adjus tment in Working Capital
3901.86 2753.22
Cash Generated From Operations
(1386.12)
Income Taxes (Paid)/Refund 3901.86 1367.10
Net Cash From Operating Activities
B. CASH FLOW FROM INVESTING ACTIVITIES:
(2211.66) (6763.31)
Purchase of Fixed Assets 57.96 285.66
Sale/Adjustment of Fixed Assets
Purchase of Investments (632.66) 897,47
Bank deposits (placed)/ matured
54.39 179.55
Interest Received 180.37 (168.55)
Long Term Advances (Given) /Received (22.87)
Purchase of Membranes and Recasting of Pans
(2551.60) (5592.05)
Net Cash Used in Investing Activities
C. CASH FLOW FROM FINANCING ACTIVITIES:
4370.22
Proceeds from Long Term Borrowings (5468.41)
(1347.30)
Repayment of term loans to bank (631.01) (1044.19)
Interest Paid (26.29) (39.03)
Principal payment of lease liabilities (8.98) (14.37)
Interest paid on lease liabilities 632.88 4319.15
Proceeds from Short Term Borrowings (Working Capital)
(1380.70) 2123.37
Net Cash Flow from Financing Activities (30.44) (2101.58)
Net Decrease In Cash And Cash Equivalents 47.13 2148.71
Cash And Cash Equivalents at the beginning al year
16.69 a7 43
Cash And Cash Eauivalents at the end of vear
Note: The above Statement of Standalone Cash Flows has been prepared under the 'Indirect Method' as set out in Ind AS 7 - 'Statement of Cash Flows'

• EPS not annualised.

Notes: 1 The above standalone unaudited financial results of the Company have been prepared in accordance with the Indian Accounting Standards (IND AS)
prescribed under section 133 of the Companies Act, 2013 ( the "Act") read with relevant rules Issued thereunder, other accounting principles generally
accepted in India and guidelines issued by the Securities and Exchange Board of India.
2 The Company owns 49% Equity in Mls. Flow Tech Chemicals (P) Limited as on 30th September, 2024 and is being given treatment of Associate
Concern as per applicable IND-AS. Accordingly, the unaudited Financial Results for the Quarter and Half Year ended 30th September, 2024 are
prepared on Consolidated and Standalone basis.
3 The Company operates in a single business segment viz., Chemicals.
4 The company had made investments Rs.5299.81 Lakhs in equity shares of Flow Tech Chemicals Pvt. Ltd. The valuation of investment as on 31.03.2024
was done by registered valuer based on expected profits, following the assumption consistently, for the next five years in the financial year. As per the
valuation report dated 31.03.2024, the valuation on investment is on the higher side, resulting in no impairment provision being provided as on
30.09.2024.
5 The Deferred Tax liability had been excess estimated by Rs. 1448.01 Lacs due to Inadvertent error in Quarter ended 30.06.2024. Consequently Profit
after tax was understated by Rs.1448.01 Lacs, which is rectified/adjusted in current quarter. There Is no impact on profit after tax for the period half
year ended on 30.09.2024.
6 The fiaures of the previous period have been rearouped/ reclassified. wherever necessarv.
7 The above results have been reviewed by the Audit Committee and thereafter approved by the Board In its meeting held on 12th November, 2024.

Foran

Place: Chandigarh
Date : 12th November, 2024
 S Tandon & Associates LLP, Chartered Accountants
A registered Limited Liability Partnership under the LLP Act, 2008

Registered Office: 406, Adishwar Apartments, 4th Floor, 34 Firoz Shah Road, New Delhi - 110001 LLPIN: ACC-9822
Offices: New Delhi, Bangalore, Chandigarh, Mohali, Ludhiana ICAI Firm ID: 006388N
Contact: [email protected]; +91172 509 8370 PAN: AASFS7956F

REVIEW' REPORT

To
The Board of Directors,
Primo Chemicals Ltd (Formerly Known as Punjab Alkalies & Chemicals Limited),
Bay No.46-50, Sector 31A,
Chandigarh - 160030

1. We have reviewed the accompanying statement of unaudited standalone financial results of Primo Chemicals Ltd
(Formerly Known as Punjab Alkalies & Chemicals Limited) for the quarter & Half Year ended 30" September 2024.
This statement is the responsibility of the Company's Management and has been approved by the Board of Directors.
Our responsibility is to issue a report on these financial statements based on our review.

2. We conducted our review of the Statement in accordance with the Standard on Review of Engagement (SRE) 2410
"Review ofInterim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute
of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate
assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to
inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance
than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

3. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the
accompanying statement of unaudited financial results prepared in accordance with applicable accounting standards
and other recognised accounting practices and policies has not disclosed the information required to be disclosed in
terms of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure
requirements) Regulations, 2015, Including the manner in which it is to be disclosed, or that it contains any material
misstatement.

For S. Tandon & Associates LLP

Chartered Account
(FRN 006388N
"

k"
Name: Nipun Rastogi
Partner
M. No. 518893
Date: 12/11/2024
UDIN: 24518893BKDIIK8728
 PRIMO CHEMICALS LIMITED (FORMERLY KNOWN AS PUNJAB ALKALIES & CHEMICALS LIMITED)
CIN: L24119CH1975PLC003607
Regd. Office: SCO 125-127, Sector 17-B, CHANDIGARH 160 017,
Corporate Office: Bay No, 46-5 0, Sector 31-A, Chandigarh -160030,
Tel No. 0172-2801649, Emall: [email protected], Website: www.prlmochemlcals.ln
Consolidated Unaudited Financial Results for the Quarter and Half Y ear E nded 30t h S ept em ber, 2024 (Rs. In lakhs)

Part-I Half Y ear Half Y ear Financial Y ear

Sr.No. Quarter Ended Quarter Ended Quarter Ended Ended Ended Ended
30.09.2024 30.06.2024 30.09.2023 30.09.2024 30.09.2023 31.03.2024
Particulars (Unaudited) (Audited)
(Unaudited) (Unaudit ed) (Unaudited) (Unaudited)
9319.87 25629.02 20307.65 39698.02
13436.20 12192.82 1942.14
Revenue from operations 587.38 483.88 1173.83 1029.87
586.4 5 41640.16
Other Income 12780.20 9803.75 26802.85 21337.52
Total Revenue (1+2)
14022.65
Exoenses:
al Cost of materials consumed 1509.49 3543.27 3237.05 6443.84
1755.55 1787.72 18551.14
II Salt 5199.09 4586.99 10342.87 9746.38
5143.78 1201.32 2668.23
ii) Power
1467.08 881.90 593.28 2348.98
ii) Oth ers 6689.76 16235.12 14184.75 27663.21
8366.41 7868.71 1.26
Total 940.64 1.26
bl P urchase of S tock-In-Trade
940.64
c) Changes In Inventori es of Finished Goods, 196.27 (348.59)
147.70 16.14 158.67 163.84
Work-In-Progress and Stock-In-Trade

1276.92 1034.04 2480.25 1910.40 3869.47

d) Employees benefits expense 1203.33
560.27 438.07 1127.75 741.41 1820.57
567.48 3956.05
el Finance Costs
1321.98 1234.39 900.61 2556.37 1771.14
f Depreciation and amortisation expense 1872.63 3237.85 3744.71 7820.70
1717.77 1520.08
g) Other expenses 26741.82 22549.94 44782.67
14265.31 12476.51 11093.78
Total Expenses (1212.42) (3142.51)
(242.66) 303.69 (1290.03) 61.03
Profit/(Loss) Before Tax (3-4)
Tax Expense: 17.04
138.081 55.12 125.991
al Current Tax 19.19
b) Tax adjustments related to earlier years (111.29) 516.90 (575.88)
(1530.96) 1419.67 93.29
c) Deferred Tax 67.30 (94.25) 516.90 (556.69)
(1569.04) 1474.79 (2585.82)
Total (1171.10) (1357.33) 155.28 (1729.32)
Profit/(Loss) after tax (5-6) 1326.38 6.29 53.12
7 (33.61) 46.13 63.17 12.52
8 Share of Profit & floss) of Associates (1124.97) (1294.16) 167.80 (1723.03) 12532.701
Net Profit/flossI for the period after Associates (7+8) 1292.77
9
10 Other Comprehensive Income (OCI)
0.09 (51.24) 13.08 24.02 110.981
al Items that will not be reclassified to profit or loss 12.99 10.35 (1.88)
4.54 0.03 (17.90) 4.57
b) Income Tax relating to items that wlll not be reclassified
to profit or loss (1327.50) 176.31 (1709.36) (2541.80)
Total Comprehensive Income for the period (9+10) 1301.22 (1124.91)
11 (comprising proflt/(loss} and other comprehensive Income
for the period)
12 Eamlngs/(Loss} per Equity Share (Rs.)
10.531' 0.07° 10.711' (1.05)
0.5 3 10.461' (1.05)
a) Basic (0.46) 10.531' 0.07' 10.711'
0.53' 4846.86 4846.86
bl Diluted 4846.86 4846.86 4846.86 4846.86
13 Paid up Equity Share Capital
2.00 2.00 2.00 2.00
2.00 2.00 30379.35
14 Face value fin Rs.l
15 Reserve excluding Revaluation Reserve
PART II Half Year Half Year Financial Year
Sr. No. Particulars Quarter Ended Quarter Ended Quarter Ended Ended Ended Ended
30.09.2024 30.06.2024 30.09.2023 30,09.2024 30.09.2023 31.03.2024
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)

G r
Public Shareholding 166360390 166360390 166360390
166360390 166360390 166360390
- Number of Shares 68.65% 68.65% 68 .6 5% 68.65%
68.65% 68.65%
. Percentage of Shareholding
Promoters and Promoter Group Shareholding
a) Pledged/Encumbered
- Number of Shares 0.00% 0.00% 0.00% 0.00%
0.00% 0.00%
- Percentage of Shares (as a % of the total Shareholding
of Promoter and Promoter Group} 0.00% 0.00% 0.00%
0.00% 0.00% 0.00%
• Percentage of Shares {as a % of the total Share Capital
of the Company)
bl Non-encumbered 75982830 75982830 75982830 75982830
75982830 75982830 10 0.00%
- Number of Shares 100.00% 100.00% 100.00% 100.00%
Percentage of Shares (as a % of the total 100.00%
Shareholding of Promoter and Promoter Group) 31.35% 31.35%
31.35% 31,35% 31.35% 31.35%
• Percentage of Shares (as a % of the total Share
Capital of the Company)
Quarter Ended 30th September, 2024
B INVESTOR COMPLAINTS NII
Pending at the beginning of the quarter NII
Recelved during the quarter NII
Disposed of during the quarter NII
Remaining unresolved at the end of the quarter Contd ..
 Consolidated Statement of Assets and Llabllitles
(Rs. in Lak hs )
Sr. No. Particulars Half Y ear Financial Y ear
Ended Ended
30.9.2024 31.3.2024
(Unaudited) (Audited)

A A ASSETS
1 Non Current Assets
a) Propertv. Plant & Eauioment 47304.94 46167.23
b) Right-o f-use assets 629.20 664.34
c) Capita l Work In Progress 3550.61 4862.55
d) Other Intangible Assets 6.63 7.96
el Flnanclal Assets
(i) Investments
5955.94 5943.42
(ii) Trade Receivable
11111 Others 2077.55 2257.92
O Other Non Current Assets 868.21 1092.30
Sub total: Non Current Assets 60393.08 60995.72

2 Current Assets
a) Inventories 2699.67 2226.59
bl Financial Assets
m Trade Receivable 4191.67 3499.63
un Cash and Cash eauivalent 16.69 47.13
rnn Bank Balances other than IIU above 723.26 90.60
(iv) Others 429.24 192.79
cl Other Current Assets 5077.49 4362.45
Sub total: Current Assets
TT. Ag £ re
13138.02
73531 10 ..
10419.19
ta 4

B EQUITY AND LIABILITIES

1 EQUITY
a) E auitv S hare Caital 4846.86 4846.86
b) Other Equity 34032.63 33857.09
Sub Total: Equity 38879.49 38703.95

2 LIABILITIES
Non Current Llablltles
al Financial Llabllltles
(I) Borrowings 9234.79 10614.81
(II) Lease Llablllty 83.77 110.06
bl Provisions 533.09 508.76
c) Deferred Tax Liabilities (Net) 1506.38 1613.11
Sub Total: Non Current Llablltles 11358.03 12846.74
Current Llablllltles
al Financial Llabllltles
(I) Borrowings 7697.10 7031.36
(ii) Lease Llabllltl es
66.80 66.80
(Ill) Tra de Payables
(A) Total outstanding dues of Micro & Small Enterprise 409.69 455.43
(B) Total outstanding dues of other than Micro & Small Enterprise 2757.27 2620.42
11111 Other Financial Llabllltles 2776.50 1906.44
bl Other Current Llab11lties 9526.17 7706.97
c) Provision 43.01 76.80
d) Current Tax Liability (Net) 17.04
Sub Total: Current Liabilties 23293.58 19864.22
TOTAL EQUITY AND LIABILITIES 73531.10 71414.91

Contd..

}
 t f C a sh Flow s
C onso lid a ted Statem e no. Half Y ear Financial Y ear
S r. No. P artic ulars E nded E nded
30.9 .2 024 31.3.2024
aa l ±ta. adi

A. CASH FLOW FROM OPERATING ACTIVITIES: 16 7 .8 0 (2532.70)

P rofit/(Loss) after tax
A djustments for: (94.25) (556.69)
Income Tax Expense 2386 .2 8 3668 .0 2
Depreciation and Amortisation Expens es 170 .09 288.03
Miscellaneous E xpenses Written Off (12.52) (53.12 )
S hare of (P rofit )/Loss in A ssociates 13 .08 (10.98)
P rovision for Gratuity 3.81 278.6 9
A mount Transferr ed from WIP to S tores (26.4 7 ) (5 1.79 )
(Gain)loss on sale of Fixed A ssets (54.39) (179.55)
Interest Income 617.03 1068.40
Finance Cost /Interest on Term Loan 317 0.4 6 19 18.3 1
Opera ti ng P rofit B efore Working Capital Changes
A djustments for. (692.04) 1664.12
(Increase)/Decrease in Trade receivables (715 .04) (959.02)
(Increase/Decrease in other Curr ent A ssets (473.0 8) (425.18)
(lncrease)/Decrease In inventories (182.45) 1144.14
(Increase)/D ecrease In Loan & financial assets others 966.30 (2036.61)
(Decrease)/l ncrease In Trade P ayable 0.14 (5.25)
(D ecrease)/increase in Short Term B orr owings 1861.36 14 31.0 3
(Decrease}/lncrease In Ot her Curr ent Liabili ties (3 3.7 9) 21.68
(D ecrease)/i ncrease in S hort Term P rovisions 731.40 834.91
Net adjustment In Working Capital 390 1.86 275 3.22
Cas h Generated From Opera ti ons (13 86.1 2 )
Income Taxes (P aid)/Refund 3901.86 13 67 .10
Net Cas h From Opera ti ng A ctivities
B. CASH FLOW FROM INVESTING ACTIVITIES: (2 211.66 ) (6763.3 1)
P urchase of Fixed A ssets
Expenditure on work in pro gress 57.96 285.66
S ale/A djustment of Fixed A ssets
P urchase of Investments (632.6 6) 897.47
B ank Deposits (Pl aced)/Matured 54.39 179.55
Interest Received 18 0.37 (16 8.55)
Long Term A dvanc es (Given)/Received 12 2.87)
P urchase of Membranes and Recasting of P ans (255 1.60) (5 592.05)
Net Cash Used In Investing A ctivities
C. CASH FLOW FROM FINANCING ACTIVITIES: 4370.22
P roceeds from Long Term B orr owings (13 47 .3 0) (5468.41)
Repayment of term loans to bank (6 31.01) (1044.19 )
Interest P aid (26.29 ) (39.0 3)
P rincipal payment of lease liabili ties (8.98) (14 .37 )
Interest paid on lease liabili ties 632.88 4319.15
P roceeds from S hort Term B orr owings (W orking Capital) (13 80.70 ) 212 3.37
Net Cash Flow from Financing A cti viti es (3 0.4 4 ) (2 10 1.58)
Net Decrease In Cash A nd Cash E quivalents 47.13 2148.71
Cash And Cash E quiv alents at the beginning of year 16 .6 9 4743
Cash And Cash E auivalents at the end ofvear
Note: The above S tatement of Consolidated Cash Flows has been pre pare d under the 'Indire ct Method' as set out In Ind A S 7 - 'S tatement of Cas h Flows'.

• E P S not annualised.
Notes: 1 The above consolidated unaudited fi nancial re sults of the Company have been pre par ed In accordance with the Indian A ccounti ng Standar ds (IND A S )
pre scribed under secti on 133 0f the Companies A ct, 2013 ( the "A ct") re ad with re levant ru les Issued there under, other ac counti ng principles genera lly
accepted In India and guidelines Issued by the S ec urities and E xchange B oar d of India.
2 The Company owns 49% E quity In Mis. Flow Tech Chemicals (P ) Limited as on 30th S eptember, 2024 and Is being given tre atment of A ssociate Concern
as per applicable IND-A S . A ccordingly , the unaudited Financial Res ults for the Quarter and Half Y ear ended 30th S eptember, 2024 are pre pare d on
Consolidated and S tandalone bas is .
3 The Company operates In a single business segment viz., Chemlcals .
4 The company had made investments Rs.5299.81 Lak hs in equity share s of Flow Tech Chemicals P vt. Ltd. The valuation of Investment as on 31.03.2024
was done by re gistere d valuer bas ed on expected profi ts, following the assumpti on consistentl y , for the next fi ve years In the financial year. A s per the
valuation re port dated 31.03.2024, the valuation on Investment ls on the higher side, resulti ng In no Impairment provision being provided as on 30.09.2024.
5 The Deferred Tax liability had been excess esti mated by Rs. 1448.01 Lac s due to Inadvertent err or In Quarter ended 30.06.2024. Consequently P rofit after
tax was understated by Rs.1448.01 Lacs , which is re cti fi ed/adjusted in current quarter. There Is no Impact on profit after tax for the period half year ended
0n 30.09.2024.
6 The fi gures of the pre vious period have been regrouped/ re clas sified, wherever necessary.
7 The above re sults have been re viewed by the A udit Committee and thereafter approved by the B oard in its meeti ng 2th November, 2024..
-- ,

P lace: Chandigarh
Date : 12th November, 2024
 ¢

J. S Tandon & Associates LLP, Chartered Accountants

A registered Limited Liability Partnership under the LLP Act, 2008

Registered Office: 406, Adishwar Apartments, 4th Floor, 34 Firoz Shah Road, New Delhi- 110001 LLPIN: ACC-9822
Offices: New Delhi, Bangalore, Chandigarh, Mohali, Ludhiana ICAI Firm ID: 006388N
Contact: [email protected] ; +91 172 509 8370 PAN: AASFS7956F

REVIEW' REPORT

To
The Board of Directors,
Primo Chemicals Ltd (Formerly Known as Punjab Alkalies & Chemicals Limited),
Bay No.46-50, Sector 31A,
Chandigarh -- 160030

I. We have reviewed the accompanying statement of unaudited consolidated financial results of Primo Chemicals Ltd
(Formerly Known As Punjab Alkalies & Chemicals Limited) ("the Company") and its share of the net profit after tax
and total comprehensive Income of Its Associate for the quarter & Half year ended 30 September 2024. This
statement is the responsibility of the Company's Management and has been approved by the Board of Directors. Our
responsibility is to issue a report on these financial statements based on our review.

2. We conducted our review of the Statement in accordance with the Standard on Review of Engagement (SRE) 2410
"Review ofInterim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute
of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate
assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to
inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance
than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

3. The Statement Includes the results ofthe following entity:

p,

Sr.No Name of the Entity Relationship ..

I. Primo Chemicals Ltd (Formerly Known As Punjab THE COMPANY

Alkalies & Chemicals Limited)
2. Flowtech Chemicals Private Limited ASSOCIATE

4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the
accompanying statement of unaudited consolidated financial results prepared in accordance with applicable
accounting standards and other recognised accounting practices and policies has not disclosed the information required
to be disclosed in terms of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and
Disclosure requirements) Regulations, 2015, including the manner in which it is to be disclosed, or that it contains
any material misstatement.

5. Other Matter
The consolidated unaudited consolidated financial results include the Group's share of net profit/ (loss) after tax, and
total comprehensive income for the Half Year ended on September 30, 2024 as mentioned below, in respect of one
Associate based on their financial results which have been reviewed by us. '
,t S Tandon & Associates LLP, Chartered Accountants
A registered Limited Liability Partnership under the LLP Act, 2008

Registered Office: 406, Adishwar Apartments, 4th Floor, 34 Firoz Shah Road, New Delhi - 110001 LLPIN: ACC-9822
Offices: New Delhi, Bangalore, Chandigarh, Mohali, Ludhiana ICAI Firm ID: 006388N
Contact: hi@stand on.in ; +91 172 509 8370 PAN: AASFS7956F

(Amount in Lakh s)
Particulars Half Year Ended 30" September 2024
Total Net profit/(loss) after-tax 12.52
Total Comprehensive Income Nil

xk=" "
Name: Nipun Rastogi°
Partner
M. No. 518893
Date: 12/11/2024
UDIN: 24518893BKDIIL3906