Mangalore Chemicals & Fertilizers Limited — Board Meeting, 25-11-2024: Outcome of Board Meeting

The board meeting focused on the continuation and modifications to the approved scheme of arrangement between Mangalore Chemicals & Fertilizers Limited and Paradeep Phosphates Limited. The board approved the draft Modified Scheme, which includes adjustments to share transfers. Paid-up capital for the Transferor Company stands at ₹118.55 crores with a turnover of ₹1590.44 crores for the first half of the financial year. The Profit After Tax is ₹70.29 crores. The scheme will lead to the Transferor Company ceasing to exist post-implementation.