Shradha Agarwala declares no encumbrance on Paradeep Phosphates shares in FY26

0 min read Updated on 26 May 2026, 04:14 AM

Reviewed by

Ashish TScanX News Team

Add as a preferred
source on Google

AI Summary

Shradha Agarwala declared no encumbrance on Paradeep Phosphates shares for FY26 under SEBI Regulation 31(4).

*this image is generated using AI for illustrative purposes only.

Shradha Agarwala has declared that she, along with persons acting in concert, did not create any encumbrance on the shares of Paradeep Phosphates Limited during the financial year ended March 31, 2026. This disclosure confirms that no additional charges or liens were placed on the holdings beyond those already reported to the stock exchanges and the company.

The declaration was submitted to the Audit Committee of Paradeep Phosphates Limited, the National Stock Exchange of India Limited, and BSE Limited in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation mandates that acquirers disclose any encumbrance on shares of the target company.

V Venugopalan, Authorised Signatory, signed the declaration on behalf of Shradha Agarwala. The letter, dated April 6, 2026, specifies that the declaration covers the financial year ended March 31, 2026, and is intended for the information and records of the concerned parties.

Entity	Role
Shradha Agarwala	Declarant
Paradeep Phosphates Limited	Target Company
Securities and Exchange Board of India	Regulator

Historical Stock Returns for Paradeep Phosphates

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.59%	+2.35%	-5.07%	-18.58%	-20.38%	+189.04%

What strategic shifts might Shradha Agarwala consider regarding her shareholding in Paradeep Phosphates Limited in the coming year?

How will this clean encumbrance status impact Paradeep Phosphates Limited's ability to attract future institutional investors?

Could this declaration signal a potential change in the promoter group's acquisition strategy under SEBI regulations?

Read Next Article

Paradeep Phosphates gets ₹20.61 crore tax demand quashed

1 min read Updated on 22 May 2026, 05:39 AM

Reviewed by

Anirudha BScanX News Team

Add as a preferred
source on Google

AI Summary

Paradeep Phosphates Limited announced that the Assistant Commissioner of Income Tax, Circle-1(1), Bhubaneswar has passed a rectification order under Section 154 of the Income-tax Act, 1961. The order quashes the income tax demand of ₹20.61 crore raised for Assessment Year 2020-21 and sanctions a refund of ₹20.57 crore. The demand was initially raised on February 28, 2025, related to adjustments for carry forward loss and MAT credit.

*this image is generated using AI for illustrative purposes only.

Paradeep Phosphates Limited has announced a significant development regarding its material litigation concerning an income tax demand. The Assistant Commissioner of Income Tax, Circle-1(1), Bhubaneswar, has passed a rectification order under Section 154 of the Income-tax Act, 1961. This order effectively quashes the income tax demand of ₹20.61 crore that was previously raised for Assessment Year 2020-21.

Rectification Order Details

The tax authority had initially raised the demand on February 28, 2025, citing adjustments related to higher carry forward loss and MAT credit for earlier years. Following the assessment, the company had filed an appeal before the First Appellate Authority on April 3, 2025. While the appeal was pending disposal, the company filed an application under Section 154 before the Assistant Commissioner of Income Tax.

Financial Impact

The rectification order, dated May 20, 2026, has resulted in a favorable outcome for Paradeep Phosphates. The authority not only quashed the demand but also sanctioned a refund of ₹20.57 crore to the company. This development resolves the litigation concerning the tax demand for the specified assessment year.

Litigation Status Summary

Particulars	Details
Assessment Year	2020-21
Original Demand	₹20.61 crore
Refund Granted	₹20.57 crore
Order Date	May 20, 2026
Authority	Assistant Commissioner of Income Tax, Circle-1(1), Bhubaneswar

Historical Stock Returns for Paradeep Phosphates

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.59%	+2.35%	-5.07%	-18.58%	-20.38%	+189.04%

How might the ₹20.57 crore refund be deployed by Paradeep Phosphates, and could it meaningfully impact the company's working capital or debt reduction plans?

Are there any other pending income tax disputes or assessments for different years that could pose similar financial risks to Paradeep Phosphates in the near future?

Could this favorable rectification order set a precedent for how the company handles future tax disputes related to MAT credit and carry forward loss adjustments?