Disclosure Pursuant to Regulation 30A and paragraph 5A of Para A of Part A of Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
PARADEEP · price
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Awaiting price reaction for this filing.
Paradeep Phosphates has disclosed an inter-se agreement dated July 29, 2025, signed between its promoter Zuari Maroc Phosphates Private Limited (ZMPPL) and ZMPPL's shareholders — Zuari Agro Chemicals Limited and OCP S.A. Paradeep Phosphates itself is not a party to this agreement. The purpose is to ensure that ZMPPL continues to hold more than 50% of Paradeep Phosphates even after the scheme of arrangement involving Paradeep Phosphates, Mangalore Chemicals and Fertilizers Limited, and their shareholders and creditors becomes effective. Under the agreement, ZMPPL will be the sole entity through which the promoter group can acquire any additional shares or voting rights in Paradeep Phosphates. The company confirmed there will be no impact on its management or control, as ZMPPL already holds majority control today.
This is essentially a housekeeping disclosure about how the promoter group will coordinate shareholdings internally after the ongoing scheme takes effect. For shareholders, there is no change in control or management, and no immediate action is triggered. The disclosure provides clarity that ZMPPL's majority control over Paradeep Phosphates will be preserved post-scheme, which is mildly reassuring for existing investors.