Paradeep Phosphates Limited has received shareholder approval to re-appoint Mrs. Rita Menon as a Non-Executive Independent Director, allowing her to continue her tenure after attaining the age of 75 years. The resolution was passed through a postal ballot process that concluded on June 24, 2026. The approval ensures the retention of the director, whose DIN is 00064714, beyond the standard age limit subject to regulatory compliance.

The voting results, scrutinized by Practicing Company Secretary Shivaram Bhat, indicated that the special resolution was carried with a requisite majority. The e-voting facility was provided by MUFG Intime India Private Limited, remaining open from May 26, 2026, to June 24, 2026. A total of 832,097,296 votes were polled, representing 80.15% of the total outstanding shares.

Voting Breakdown

The resolution saw a split in voting patterns between different categories of shareholders. While promoters voted unanimously in favour, public institutions largely opposed the motion. The detailed voting results are as follows:

Scrutinizer's Findings

The scrutinizer reported that 847 ballots were received in favour of the resolution, accounting for 84% of the total valid votes cast. Conversely, 222 ballots were cast against the resolution, representing 16% of the valid votes. No invalid votes were recorded during the process. The report noted that 17 members voted both in favour and against the resolution, with their votes accounted for in the final tally.

The postal ballot notice was dispatched to members on May 25, 2026, with the record date fixed as May 15, 2026. The total number of shareholders on the record date was 347,396. The filing was submitted to the exchanges pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Zuari Industries Limited has confirmed that it holds no encumbrance on the shares of paradeep phosphates for the financial year ended 31 March 2026. The disclosure, submitted to the stock exchanges, assures investors that the promoter group has not pledged any shares directly or indirectly during this period, other than those previously disclosed. This compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, provides clarity regarding the holding structure of the company.

The declaration covers Zuari Industries Limited and all persons acting in concert (PACs) with it. By confirming the absence of new encumbrances, the entity addresses potential market concerns regarding the financial leverage or liquidity stress associated with share pledging. The filing serves as a formal record for the Audit Committee of Paradeep Phosphates Limited and the regulatory authorities.

Regulatory Compliance Details

The submission was made to BSE Limited and the National Stock Exchange of India Limited. The document was digitally signed by Yadvinder Goyal, Company Secretary of Zuari Industries Limited, on 06 April 2026. The disclosure is mandatory under the SEBI (SAST) Regulations, which require promoters to report any creation or release of encumbrances on shares of listed entities.

The confirmation explicitly states that no new encumbrances have been made beyond those already disclosed to the exchanges. This transparency is critical for maintaining shareholder confidence in the stability of the company's ownership.