disclosures pursuant to Regulations 30 of SEBI (LODR) Regulations, 2015 on Scheme of Arrangement
Awaiting price reaction for this filing.
The National Company Law Tribunal (NCLT), Bengaluru Bench has approved the first motion application for the proposed Scheme of Arrangement between Mangalore Chemicals & Fertilizers Ltd (MCFL, the transferor company) and Paradeep Phosphates Ltd (PPL, the transferee company), along with their shareholders and creditors. The NCLT has directed MCFL to convene meetings of its equity shareholders and creditors to consider and approve the proposed scheme. The filing is a procedural update under SEBI's Listing Obligations and Disclosure Requirements, and no swap ratio or final terms have been disclosed yet.
This is an early procedural milestone — the deal still needs shareholder and creditor approvals before final NCLT sanction. Until swap ratio and detailed terms are announced, the stock may see speculative activity but no confirmed value crystallization for shareholders.