Paradeep Phosphates Limited has received trading approval for 22,16,23,331 equity shares of ₹10 each from both National Stock Exchange of India Limited and BSE Limited on December 30. These shares were allotted pursuant to the scheme of amalgamation with Mangalore Chemicals & Fertilizers Limited (MCFL), marking the completion of a significant corporate restructuring.

Trading Approval and Listing Details

The company has successfully obtained the necessary regulatory approvals for listing the substantial share issuance. Key details of the listing include:

Merger Implementation Progress

The listing of these shares represents the culmination of the merger process between Paradeep Phosphates Limited and Mangalore Chemicals Fertilizers Limited. Earlier developments in this corporate action included specific share allotments to promoter group members and Adventz Finance Private Limited.

Previous share allotments under the merger included:

Corporate Restructuring Impact

The successful completion of the amalgamation scheme strengthens Paradeep Phosphates' market position in the fertilizer sector. The merger process, which began with a record date of October 31, has now reached its final implementation stage with the listing of the substantial share issuance.

The trading approval confirms that all regulatory requirements have been met, allowing the newly issued shares to be actively traded on both major Indian stock exchanges. This development provides liquidity to the shareholders of the erstwhile MCFL who received PPL shares as part of the merger consideration.

Market Implications

With the listing of over 22 crore additional shares, Paradeep Phosphates has significantly expanded its equity base. The company, operating in the fertilizer sector with a mid-cap market classification, is now positioned to leverage the combined strengths of both entities post-merger.

The completion of this corporate action represents a milestone in the Indian fertilizer industry's consolidation efforts, potentially creating operational synergies and enhanced market presence for the merged entity.

Paradeep Phosphates Limited announced significant amendments to its Memorandum of Association (MOA), approved by the Board of Directors through a circular resolution on December 31, 2025. The changes are designed to align the company's constitutional documents with the Companies Act, 2013 and expand its business scope.

Key Amendments to MOA

The board approved alterations to the Object Clause of the MOA and the adoption of a new set of constitutional documents, subject to shareholder approval. The company disclosed these changes in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Major Changes Approved

The amendments encompass three primary areas of modification:

Power Generation and Distribution Addition

The most significant amendment involves inserting a new sub-clause (iv) under Clause III(A) of the Main Objects. This addition empowers the company to:

• Generate, receive, purchase, transmit, transform, distribute, supply, exchange, and sell electrical power and energy
• Utilize both conventional and non-conventional energy sources
• Implement waste heat recovery systems
• Supply and transfer surplus power to state utilities, open market buyers, and eligible consumers
• Operate in accordance with applicable laws and regulations

Structural Reorganization

The amendments also include comprehensive structural changes to the MOA. The entire Clause III(C), previously titled as 'Other objects', will be deleted. Consequently, Clause III(B) will be retitled as 'Matters which are necessary for furtherance of the object specified in Clause III(A)', with appropriate re-numbering of subsequent clauses.

Regulatory Compliance and Next Steps

The company has informed both the National Stock Exchange of India Limited and BSE Limited about these amendments in compliance with SEBI regulations. The changes require shareholder approval before implementation, indicating that the company will likely convene a general meeting to seek necessary approvals from its shareholders for these constitutional amendments.