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.

Overview

A significant corporate action has taken place involving Zuari Maroc Phosphates Private Limited and Paradeep Phosphates Limited (ISIN: INE088F01024). This article details the transaction and its implications.

Transaction Details

Zuari Maroc Phosphates Private Limited has acquired a substantial stake in Paradeep Phosphates Limited. This move is likely to have implications for both companies and potentially the broader fertilizer industry in India.

Impact and Implications

• The acquisition may lead to changes in the ownership structure of Paradeep Phosphates Limited.
• It could potentially result in synergies between the two companies, given their involvement in the phosphates and fertilizer sector.
• Shareholders of Paradeep Phosphates Limited should stay alert for any further announcements or changes resulting from this corporate action.

Next Steps

Investors and stakeholders are advised to:

1. Monitor official communications from both companies for more details on the transaction.
2. Assess potential impacts on Paradeep Phosphates Limited's operations and financial outlook.
3. Keep an eye on any regulatory approvals or further corporate actions that may follow this acquisition.

As more information becomes available, a clearer picture of the long-term implications of this corporate action will emerge.