Paradeep Phosphates Limited (PPL) has announced the successful completion of its merger with Mangalore Chemicals & Fertilizers Limited (MCFL), marking a significant development in the Indian fertilizer industry. The merger, which became effective on October 16, 2025, is set to reshape the landscape of the sector.

Key Details of the Merger

• Effective Date: October 16, 2025
• Record Date: October 31, 2025
• Share Exchange Ratio: 187 PPL shares for every 100 MCFL shares

Merger Specifics

The Board of Directors of Paradeep Phosphates Limited has confirmed that October 16, 2025, serves as the 'Effective Date 2' for implementing Part II of the merger scheme. This part deals with the amalgamation of Mangalore Chemicals & Fertilizers (the Transferor Company) into Paradeep Phosphates (the Transferee Company).

Shareholder Benefits

Shareholders of Mangalore Chemicals & Fertilizers stand to benefit from this merger. The board has set October 31, 2025, as the record date for determining eligible shareholders who will receive equity shares in the merged entity. For every 100 fully paid-up equity shares of INR 10 each held in MCFL, shareholders will receive 187 fully paid-up equity shares of INR 10 each in Paradeep Phosphates.

Corporate Structure Changes

Following the completion of the amalgamation scheme, Mangalore Chemicals & Fertilizers has been dissolved without going through the winding-up process. This streamlined approach aims to create a more efficient and consolidated entity in the fertilizer market.

Regulatory Compliance

The merger process has been carried out in compliance with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations. Paradeep Phosphates has duly informed the National Stock Exchange of India Limited and BSE Limited about the merger's completion and the fixation of the record date.

Looking Ahead

This merger is expected to create a stronger entity in the fertilizer industry, potentially leading to improved operational efficiencies and market presence. Stakeholders will be keenly watching how the combined entity leverages its expanded resources and capabilities in the coming months.

Investors and stakeholders of both companies are advised to take note of these important dates and the share exchange ratio as the merger process moves forward.

Paradeep Phosphates Limited (PPL) has announced a significant milestone in its merger process with Mangalore Chemicals & Fertilizers Limited (MCFL). The company has set October 13, 2025, as 'Effective Date 1' for the composite scheme of arrangement between the two entities.

Key Developments

• Effective Date 1: October 13, 2025
• Effective Date 2: Scheduled three days after Effective Date 1
• Merger Type: Amalgamation of MCFL (Transferor Company) with PPL (Transferee Company)

Regulatory Compliance

Both companies have taken crucial steps to ensure regulatory compliance:

1. PPL has e-filed the certified copy of the sanction order from the National Company Law Tribunal (NCLT), Cuttack Bench, with the Registrar of Companies, Cuttack.
2. MCFL has e-filed the certified copy of the sanction order from the NCLT, Bengaluru Bench, with the Registrar of Companies, Bengaluru.

Merger Process

The merger process is structured in two main parts:

1. Part I: Effective from October 13, 2025 (Effective Date 1)
2. Part II: Will become effective on 'Effective Date 2', which is defined as three days after Effective Date 1

Part II of the scheme deals with the actual amalgamation of MCFL with PPL, which will take effect from the 'Appointed Date 2'.

Next Steps

Paradeep Phosphates has committed to making appropriate disclosures upon the occurrence of 'Effective Date 2'. This transparency ensures that shareholders and stakeholders remain informed about the progress of the merger.

Implications

This merger is a significant corporate action that could potentially reshape the fertilizer industry landscape in India. The amalgamation of MCFL with PPL may lead to synergies in operations, expanded market reach, and potentially improved financial performance for the combined entity.

Investors and market watchers should keep a close eye on further announcements from Paradeep Phosphates, particularly regarding the completion of the merger process on Effective Date 2 and any subsequent strategic decisions or operational changes.

As this corporate action unfolds, it will be crucial to monitor how the market responds and what impact it may have on the broader fertilizer sector in India.