Paradeep Phosphates receives BSE nod for arrangement scheme

Paradeep Phosphates Limited (BSE: PARADEEP) announced it has received an observation letter from the Bombay Stock Exchange (BSE) dated February 27, 2025, regarding the proposed composite scheme of arrangement. The scheme involves Mangalore Chemicals & Fertilizers Limited as the transferor company. The BSE's observation letter indicates no adverse observations, allowing Paradeep Phosphates to file the scheme of arrangement with the National Company Law Tribunal (NCLT). The company intends to file the scheme with the NCLT in due course. This development follows previous disclosures made by Paradeep Phosphates regarding the arrangement scheme. The company confirmed that it will comply with all applicable regulations and requirements throughout the process.