Paradeep phosphates allots shares following MCFL merger

Paradeep Phosphates Limited has announced the allotment of shares to several entities and individuals as part of a Composite Scheme of Arrangement. Zuari Industries Limited (ZIL) was allotted 572,582 equity shares of INR 10/- each on 3 December 2025. This allotment corresponds to 306,194 equity shares of INR 10/- each held by ZIL in Mangalore Chemicals & Fertilizers Limited (MCFL), which merged with Paradeep Phosphates Limited (PPL). This transaction resulted in ZIL holding 0.0552% of the total share/voting capital of PPL.

Similarly, Zuari Agro Chemicals Limited received 65,433,846 equity shares of INR 10/- each, representing 6.30% of PPL's share capital, in exchange for 34,991,362 MCFL shares. Zuari Maroc Phosphates Private Limited was allotted 54,299,190 equity shares (5.23% of PPL), corresponding to 29,037,000 MCFL shares. Adventz Finance Private Limited received 8,135,175 equity shares (0.78% of PPL) for 4,350,361 MCFL shares.

Individual PACs also saw share allotments: Akshay Poddar received 2,622,545 shares (0.25%), Gaurav Agarwala 280,500 shares (0.03%), Shradha Agarwala 374,000 shares (0.04%), and Jyotsna Poddar 293,874 shares (0.03%), all on 3 December 2025. These allotments were made at INR 10/- each, following the share exchange ratio from the MCFL merger.