Paradeep Phosphates Limited has successfully concluded its postal ballot voting process, with shareholders approving three key leadership appointments on April 26, 2026. The company submitted the voting results to stock exchanges on April 28, 2026, demonstrating strong shareholder support for its proposed management structure.

Postal Ballot Overview

The postal ballot process was initiated through a notice dated March 18, 2026, with the record date set for March 20, 2026. A total of 342,887 shareholders were eligible to participate in the voting process. All three resolutions presented to shareholders were special resolutions requiring enhanced majority approval.

Resolution Results

Resolution 1: Managing Director Re-appointment

Shareholders overwhelmingly approved the re-appointment of Mr. N Suresh Krishnan (DIN: 00021965) as Managing Director along with remuneration terms. The resolution received strong support across all shareholder categories.

Resolution 2: Joint Managing Director Appointment

The appointment of Mr. K K Rajeev Nambiar (DIN: 07313541) as Joint Managing Director was approved with significant majority support. This resolution also covered remuneration arrangements for the new position.

Resolution 3: Independent Director Appointment

Shareholders approved the appointment of Mr. Marco Philippus Ardeshir Wadia (DIN: 00244357) as Non-Executive Independent Director, including provisions for continuation of directorship after attaining 75 years of age.

Voting Participation Analysis

The postal ballot process demonstrated strong engagement from institutional shareholders, with public institutions showing 89.42% voting participation. Promoter group participation reached 99.56%, while public non-institutional shareholders had 0.23% participation rate. The overall voting participation stood at 78.96% of total outstanding shares.

Regulatory Compliance

The voting results were submitted in compliance with Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The scrutinizer's report dated April 28, 2026, confirmed that all resolutions were passed with the requisite majority. Company Secretary Sachin Patil submitted the comprehensive voting results to both NSE and BSE exchanges, ensuring full regulatory compliance and transparency in the governance process.

Paradeep Phosphates Limited has notified the stock exchanges regarding the opening of a special window for the transfer and dematerialisation of physical shares, which will remain available until February 4, 2027. This initiative follows SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/13750/2026 dated January 30, 2026, and the company has published newspaper advertisements in Business Line (English) and Vijaya Karnataka (Kannada) to comply with the regulatory requirements.

The special window facility is specifically designed for investors who had purchased physical shares of erstwhile Mangalore Chemicals & Fertilizers Limited, which merged with Paradeep Phosphates Limited effective October 16, 2025, prior to April 1, 2019. Eligible investors include those who either did not lodge the shares for transfer or had lodged transfer requests that were rejected, returned, or not attended to due to deficiencies in documentation.

The eligibility criteria for the special window are outlined in a matrix format. Investors who have the original share certificate available are eligible to lodge requests under this window, whether they are making a fresh lodgement or re-lodging previously rejected requests. However, cases where the original share certificate is not available, or where shares have been transferred to the Investor Education and Protection Fund (IEPF), or where there are disputes between transferor and transferee, will not be considered under this window.

Requests accompanied by original share certificates along with transfer deeds and other supporting documents will only be considered under the Special Window. All shares re-lodged during this period will be processed through the transfer-cum-demat route, meaning they will be issued only in dematerialised form after transfer and will be subject to a one-year lock-in period.

Investors wishing to avail of this Special Window may contact the company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited (formerly Link Intime India Private Limited), at Unit: Paradeep Phosphates Limited, C-101, Embassy 247, L.B.S Marg, Vikhroli West, Mumbai - 400 083, or via email at investor.helpdesk@in.mpms.mufg.com . For further details, investors may refer to the SEBI Circular.