Paradeep Phosphates boosts capital after share allotment

Paradeep Phosphates Limited (PPL) has allotted 22,16,23,331 new equity shares, each with a face value of INR 10/-, as part of a composite scheme of arrangement involving Mangalore Chemicals & Fertilizers Limited. This allotment was approved by PPL’s board of directors on December 3, 2025.

Equity shares were issued to Mangalore Chemicals & Fertilizers Limited's shareholders based on an exchange ratio of 187 PPL shares for every 100 shares held in the transferor company. Fractional entitlements were consolidated, resulting in 23,219 PPL shares allotted to 'PPL Merger Trust' for sale and distribution to entitled shareholders. Additionally, 35,43,365 equity shares were allotted to the 'PPL Merger Trust' for shareholders holding physical shares.

Following this allotment, Paradeep Phosphates' issued and paid-up equity share capital increased from INR 816,34,56,580 (comprising 81,63,45,658 equity shares) to INR 1037,96,89,890 (comprising 103,79,68,989 equity shares). The company will initiate the process to credit these shares to demat accounts, with subsequent listing on BSE and NSE pending regulatory approvals.