Paradeep Phosphates Limited — Others, 30-04-2025: Shareholders meeting

Paradeep Phosphates Limited has announced a board meeting to discuss a proposed Scheme of Arrangement involving the amalgamation with Mangalore Chemicals & Fertilizers Limited. Shareholders eligible to vote are those registered by a specified date. Under the proposed amalgamation, equity shareholders of MCFL will receive 187 equity shares of Paradeep Phosphates for every 100 shares held, valued at approximately ₹418.14 crore. This move aims to create a more robust entity in the private-sector fertilizer market, enhancing synergies and reducing operational costs, thereby potentially increasing shareholder value.