Mangalore Chemicals & Fertilizers Limited has informed the Exchange regarding Appointment of Mr Marco Philippus Ardeshir Wadia as Non- Executive Independent Director of the company w.e.f. May 13, 2025.
Awaiting price reaction for this filing.
MCFL's board approved audited financial results for Q4 and FY ended March 31, 2025. Total income for FY25 stood at Rs. 3,36,854 lakhs versus Rs. 3,83,670 lakhs in FY24, with net profit at Rs. 14,371 lakhs (down from Rs. 15,481 lakhs) and EPS of Rs. 12.13. The board recommended a dividend of Rs. 1.50 per share (total payout ~Rs. 1,778 lakhs) subject to shareholder approval. Mr. Marco Wadia was re-appointed as Non-Executive Independent Director for a second 5-year term effective May 13, 2025. The board also appointed Cost Auditor (Mr. Y K Venkatesh), Internal Auditor (M/s. JCSS & Co), and Secretarial Auditor (M/s. Kedarnath & Karthik) for FY25-26. Statutory auditors PKF Sridhar & Santhanam LLP issued an unmodified opinion. The ongoing merger with Paradeep Phosphates Limited and a pending Rs. 2,914 lakh urea subsidy dispute in the Delhi High Court were noted.
A modest dip in yearly revenue and profit may concern investors, but the dividend declaration and clean audit opinion provide some comfort. The proposed merger with Paradeep Phosphates remains a key catalyst to watch, while the unresolved subsidy dispute is a lingering overhang.