Paradeep Phosphates Limited has scheduled its 44th Annual General Meeting for Thursday, September 17, 2026. The meeting will be conducted through video conferencing or other audio-visual means.

The company issued the notice pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015. The notice and the Annual Report for the Financial Year 2025-26 are available on the company’s website.

Meeting Details

The AGM is scheduled to begin at 3:00 pm. Shareholders can access the meeting via VC/OAVM platforms as specified in the official notice. The company secretary, Sachin Patil, confirmed the filing on August 25, 2026.

Agenda Items

The meeting will transact the following business:

Ordinary Business

• Receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for FY26.
• Declare dividend on equity shares for FY26.
• Re-appoint Mr. Saroj Kumar Poddar (DIN: 00008654), who retires by rotation.

Special Business

• Continuation of Chairman: Approval for the continuation of Mr. Saroj Kumar Poddar as Non-Executive, Non-Independent Director and Chairman beyond the age of 75 years.
• Cost Auditor Remuneration: Ratification of payment of ₹5,00,000 plus applicable taxes to M/s. S. S. Sonthalia & Co. as Cost Auditor for FY27.
• Related Party Transactions: Approval for material related party transactions with OCP SA, Indo Maroc Phosphates S.A, and Phosphates De Boucraa S.A during FY27.

Paradeep Phosphates faces a fine of ₹93.59 crore following an adjudication order by the Commissioner of Customs, Goa.

Customs classification dispute

The penalty stems from the reclassification of seven consignments of Prilled Urea. The adjudicating authority held that the imports did not qualify as Technical Grade Urea because the biuret content exceeded 0.80%. Consequently, the goods were classified as Fertilizer Grade Urea, which falls under a prohibited import category without specific permissions.

The order was received by the company on August 20, 2026. Paradeep Phosphates stated it believes it is fully compliant with applicable laws and will pursue legal recourse against the order.

Key details of the penalty

The company disputed the classification, noting that independent surveyors at the load port had reported biuret content within limits. It argued that post-clearance factory tests used for the decision did not follow prescribed sampling procedures under IS 1781:2022. Paradeep Phosphates stated the order is not expected to have a material operational impact on its ongoing business.