Outcome of the Board Meeting under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
Awaiting price reaction for this filing.
Mangalore Chemicals & Fertilizers (MCFL) announced audited results for FY25 with total income of ₹3,36,854 lakhs, down about 12% from ₹3,83,670 lakhs in FY24. Profit after tax fell to ₹14,371 lakhs from ₹15,481 lakhs, with EPS at ₹12.13 versus ₹13.06 last year. The Board recommended a dividend of ₹1.50 per share, same as the prior year, subject to shareholder approval. Statutory auditors PKF Sridhar & Santhanam LLP issued an unmodified (clean) opinion but flagged two emphasis-of-matter items: a ₹2,914 lakh urea subsidy dispute pending before the Delhi High Court and the proposed merger with Paradeep Phosphates Limited. Several appointments were also approved, including re-appointment of Mr. Marco Wadia as Independent Director for a second 5-year term, and new Cost, Internal, and Secretarial Auditors for FY26.
For shareholders, FY25 was a softer year with both revenue and profits declining, though the company remained profitable and rewarded investors with a steady dividend. The clean audit is reassuring, but the pending subsidy case and the ongoing merger with Paradeep Phosphates are key events to track as they could materially reshape the business.