Mangalore Chemicals & Fertilizers Limited has informed the Exchange that Record date for the purpose of Merger/HiveOff is 31-Oct-2025.
Awaiting price reaction for this filing.
Mangalore Chemicals & Fertilizers has fixed 31-Oct-2025 as the record date for the purpose of a Merger or Hive-Off. The record date determines which shareholders will be eligible to receive consideration under the restructuring scheme. This is an administrative milestone in an ongoing corporate restructuring process, indicating the scheme has progressed to the stage of identifying eligible shareholders.
Shareholders holding shares as of 31-Oct-2025 will be entitled to the benefits (such as share swap or cash consideration) under the merger or hive-off scheme. Existing investors should watch for further disclosures on the swap ratio and scheme details, which may influence the stock price near the record date.