Paradeep Phosphates faces customs scrutiny over urea import violation

Paradeep Phosphates Limited, in an announcement dated October 4, 2025, disclosed to the National Stock Exchange and BSE Limited that the Customs Department is conducting a search concerning an alleged violation of provisions related to imported urea (Technical Grade). The company stated this information pursuant to Regulation 30(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company assured stakeholders that it is closely monitoring and evaluating the situation. Paradeep Phosphates will pursue appropriate legal recourse as necessary and commit to duly informing the stock exchanges of any further material developments regarding this matter.