Phosphate company has announced an inter-se transfer of shares among its promoter group members, as disclosed in regulatory filings dated December 24, 2025. The transaction involved the redistribution of equity shares between key promoter group members through gift transfers that took place on December 23, 2025.

Transaction Details

The share transfer involved three promoter group members, with Nikate Khaitan emerging as the primary beneficiary of the transaction. The transfers were executed as gift transactions between family members, representing a reorganization within the promoter group structure.

Shareholding Changes

The transaction resulted in significant changes to the shareholding pattern among promoter group members:

Before Transfer:

After Transfer:

Share Transfer Breakdown

Nikate Khaitan received a total of 1,79,160 shares through the following transactions:

• From Binod Kumar Khaitan: 82,400 shares (complete divestment)
• From Chandrakala Khaitan: 96,760 shares (partial divestment)

The transfers were executed as gift transactions, indicating family-level reorganization within the promoter group structure.

Regulatory Compliance

The company filed the necessary disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Forms C and D under SEBI (Prohibition of Insider Trading) Regulations, 2015. The filings were submitted to BSE Limited and The Calcutta Stock Exchange Limited, where the company's shares are listed.

Company Profile

The Phosphate Company Limited operates in the fertilizer sector, manufacturing superphosphate fertilizer and sodium silicofluoride. The company is listed on BSE with scrip code 542123 and has its registered office in Rishra, Hooghly, West Bengal, with an administrative office in Kolkata.

The Phosphate Company , a manufacturer of superphosphate fertilizer and sodium silicofluoride, has released its unaudited financial results for the quarter ended September 30, 2025. The company's performance shows a mixed picture with significant revenue growth but continued losses.

Financial Highlights

*Net Profit

Revenue Growth and Operational Performance

The company witnessed a substantial increase in revenue from operations, which more than doubled to Rs 3,075.52 lacs in Q2 FY26 from Rs 1,405.92 lacs in the previous quarter. This significant jump in revenue indicates a strong recovery in the company's core business activities. However, when compared to the same quarter last year (Q2 FY25), there is a decline from Rs 3,915.75 lacs, suggesting some year-on-year challenges.

Profitability Concerns

Despite the revenue growth, The Phosphate Company reported a net loss of Rs 248.67 lacs for Q2 FY26. This loss, while concerning, is an improvement from the loss of Rs 299.22 lacs in the same quarter of the previous year. The company's earnings per share (EPS) stood at negative Rs 6.89 for the quarter, reflecting the impact of these losses on shareholder value.

Half-Yearly Performance

For the first half of FY26, the company recorded a total income of Rs 4,537.40 lacs, slightly lower than the Rs 4,728.19 lacs reported in H1 FY25. The net loss for H1 FY26 was Rs 168.92 lacs, showing an improvement from the loss of Rs 349.54 lacs in the corresponding period of the previous year.

Cost Pressures and Inventory Management

The company's cost of material consumed increased significantly to Rs 2,847.45 lacs in Q2 FY26 from Rs 1,034.74 lacs in Q1 FY26. This surge in material costs, coupled with an increase in inventory levels, suggests that the company may be preparing for anticipated demand or facing challenges in managing its supply chain efficiently.

Balance Sheet Position

As of September 30, 2025, The Phosphate Company reported total assets of Rs 17,131.98 lacs, up from Rs 12,650.43 lacs at the end of the previous fiscal year. The increase in assets was primarily driven by a rise in inventories and trade receivables, indicating potential working capital management challenges.

Management Approval and Audit Review

The Board of Directors approved these results in their meeting held on October 31, 2025. The financial statements have undergone a limited review by the company's statutory auditors, S K Agrawal and Co Chartered Accountants LLP, who have not raised any significant concerns in their review report.

Outlook

While The Phosphate Company has shown strong revenue growth quarter-on-quarter, the persistent losses and increased costs present challenges. The management may need to focus on cost optimization and operational efficiency to translate the revenue growth into profitability. Investors and stakeholders will likely be watching closely to see if the company can capitalize on its revenue momentum to achieve a turnaround in profitability in the coming quarters.