Akshay Poddar has declared that he, 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.

Devendra Khemka, Authorised Signatory, signed the declaration on behalf of Akshay Poddar. 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.

Paradeep Phosphates Limited has initiated a postal ballot process to seek shareholder approval for the re-appointment of Mrs. Rita Menon as a Non-Executive Independent Director. The resolution also seeks approval for the continuation of her directorship after she attains the age of 75 years during her proposed second term.

Mrs. Rita Menon (DIN: 00064714) was initially appointed as a Non-Executive Independent Director for a period of three years effective from June 27, 2023, to June 26, 2026. The Board recommends her re-appointment for a second term of three years, effective from June 27, 2026, to June 26, 2029. She will not be liable to retire by rotation.

The company has engaged MUFG Intime India Private Limited to facilitate the remote e-voting process. Shareholders registered as on the cut-off date of May 15, 2026, are eligible to participate. The e-voting period commences at 10:00 A.M. (IST) on Tuesday, May 26, 2026, and ends at 5:00 P.M. (IST) on Wednesday, June 24, 2026.

Key Details of the Postal Ballot

The resolution, if passed by the requisite majority, shall be deemed to have been passed on the last day of the e-voting period, June 24, 2026. The results of the postal ballot are expected to be announced within two working days from the conclusion of the e-voting period, on or before June 26, 2026.

Director Profile

Mrs. Rita Menon is a former Indian Administrative Service (IAS) officer of the 1975 batch with extensive experience in public administration, policy formulation, and governance. She has served as Secretary to the Government of India, Ministry of Textiles, and as Chairman and Managing Director of India Trade Promotion Organisation (ITPO). She currently serves as the President of the All India Women's Education Fund Association.

The notice has been sent to members only via email in compliance with the Ministry of Corporate Affairs circulars. Physical copies of the notice have not been dispatched. Shareholders can access the detailed notice and instructions on the company's website.