Zuari Maroc Phosphates releases 25m encumbered shares in Paradeep Phosphates

On September 19, 2025, Zuari Maroc Phosphates Private Limited (ZMPPL), a promoter of Paradeep Phosphates Limited (PPL), disclosed the release of 25,000,000 pledged shares. This action reduced the total encumbered shares held by ZMPPL from 65,000,000 (7.97% of PPL's total share capital) to 40,000,000 (4.91% of PPL's total share capital).

The release, effective September 11, 2025, represents 3.06% of PPL's total share capital. The company cited appreciation in the price of security as the reason for this decision. Prior to the release, Tata Capital Limited held the shares in whose favor they were encumbered.

Zuari Maroc Phosphates Private Limited holds a total of 456,942,507 shares in Paradeep Phosphates Limited, representing 56.05% of the total share capital. This disclosure adheres to Regulation 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2015.