Paradeep Phosphates Limited has disclosed to stock exchanges that it received a seizure memo from the Customs Department on January 24, 2026, regarding imported Technical Grade Urea worth Rs.103.30 crores. This development follows an earlier customs search that was initiated in October 2025.

Seizure Details

The Commissioner Customs at Custom House, Marmagoa, Goa has seized 25,000 MTs of Technical Grade Urea imported by the company for manufacturing NPK fertilizers. The seizure memo was received on January 24, 2026, and the company has made the disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015.

Alleged Violations

The customs authorities have alleged violations based on test results showing Biuret content higher than permissible limits. The testing process involved multiple laboratories, with initial samples sent to Regional Fertilizer Control Laboratory (RFCL), Mumbai, which conducts testing only for fertilizer grade urea. Subsequently, fresh samples were drawn and sent to Central Revenues Control Laboratory (CRCL) New Delhi, which reported elevated Biuret content.

The alleged violations include:

• Contravention of DGFT notification No. 79/2015-2020 dated March 18, 2024
• Violations of Foreign Trade Policy (FTP) provisions
• Contraventions under the Customs Act, 1962

Company's Response

Paradeep Phosphates has contested the testing methodology adopted by CRCL and stated there is currently no material impact on the company's financials or operations. The company is pursuing appropriate legal recourse for provisional release of the seized goods to use them exclusively for captive consumption as raw material in NPK fertilizer manufacturing at its Goa plant.

The company is also persuading customs authorities to re-test the samples in accordance with procedures mandatorily required under Para 3 read with Annexures A to H of Indian Standard IS 1781: 2022.

Regulatory Compliance

This disclosure has been made pursuant to Regulation 30(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had previously informed exchanges about the customs search through a letter dated October 4, 2025.

Source:

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.