Mangalore Chemicals & Fertilizers Limited — Others, 14-05-2025: Shareholders meeting

Mangalore Chemicals & Fertilizers Limited has announced a board meeting for equity shareholders to approve a merger with Paradeep Phosphates Limited, combining both companies to form a major private-sector fertilizer player. Paradeep Phosphates will issue 187 shares for every 100 shares of Mangalore Chemicals. The merger aims to boost cost efficiencies, geographic reach, product diversity, and financial strength. Existing promoters will maintain majority control. All liabilities will transfer to Paradeep Phosphates, and employees will be retained on favorable terms. Independent audits confirm the fairness of the share exchange, with approvals already secured. This move is expected to create long-term value and operational synergies for shareholders.