composite scheme of arrangement by and amongst Mangalore Chemicals & Fertilizers Limited ('Transferor Company' or 'Company'), Paradeep Phosphates Limited ('Transferee Company') and their ....
Awaiting price reaction for this filing.
Mangalore Chemicals & Fertilizers Ltd (MCFL) has officially merged into Paradeep Phosphates Limited (PPL) with effect from October 16, 2025 (Effective Date 2), retrospectively from the Appointed Date of April 1, 2024. Following this amalgamation, MCFL stands dissolved without being wound up. Shareholders of MCFL will receive 187 fully paid-up equity shares of PPL (face value ₹10 each) for every 100 shares of MCFL held. The Board has fixed October 31, 2025 as the Record Date to identify eligible MCFL shareholders entitled to receive PPL shares under the scheme. This is the second phase of a composite scheme, with Part III already effective from October 13, 2025.
MCFL shareholders will swap their holdings for PPL shares at the 187:100 ratio and become shareholders of the larger, combined entity. MCFL shares will eventually be delisted from stock exchanges as the company ceases to exist as a separate entity.