Mangalore Chemicals & Fertilizers Limited has informed the Exchange about Copy of Newspaper Publication
Awaiting price reaction for this filing.
Mangalore Chemicals & Fertilizers Limited (MCFL) has filed copies of a newspaper advertisement published on 15th May 2025 in Business Standard (English) and Kannada Prabha (Kannada). The advertisement is a notice convening separate meetings of the company's Equity Shareholders, Secured Creditors, and Unsecured Creditors. These meetings have been directed by the Bengaluru Bench of the National Company Law Tribunal (NCLT) in connection with Company Application No. C.A.(CAA) NO. 06/BB/2025. The meetings relate to the proposed Scheme of Arrangement between MCFL (Transferor Company) and Paradeep Phosphates Limited (Transferee Company) and their respective shareholders and creditors. This is a procedural compliance filing under SEBI Listing Regulations.
This is a regulatory procedure step in the ongoing merger scheme between MCFL and Paradeep Phosphates Limited. Shareholders and creditors will get to vote on the proposed arrangement at the NCLT-directed meetings. No immediate financial impact, but progress toward the scheme's approval continues.