Paradeep Phosphates Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 12, 2025
PARADEEP · price
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Paradeep Phosphates has called its 43rd AGM for September 12, 2025 at 3:00 PM, to be held via video conferencing. Key items on the agenda include adoption of FY25 audited financials, declaration of a final dividend of ₹1 per equity share (on face value of ₹10), and re-appointment of Mr. Karim Lotfi Senhadji (CFO of OCP SA) as a director retiring by rotation. Shareholders will also be asked to ratify cost auditor remuneration of ₹3.5 lakh for FY26 and to appoint M/s Sunita Jyotirmoy and Associates as Secretarial Auditor for a 5-year term (FY26–FY30). A major item is approval for material related party transactions of up to ₹10,000 crore in FY26 with OCP group entities (OCP SA, Indo Maroc Phosphates, Phosphates De Boucraa, Kofert SA, OCP Nutricrops SA), which are key raw material suppliers. Record date for dividend eligibility is August 22, 2025, and e-voting cut-off is September 5, 2025.
The final dividend of ₹1/share is a modest but positive signal of cash returns to shareholders. The large ₹10,000 crore related party transaction ceiling with OCP group underscores the company's heavy dependence on its Moroccan promoter group for phosphate rock and phosphoric acid, which could be a governance watchpoint for minority shareholders since related parties cannot vote on this resolution. The AGM outcomes are largely procedural and not expected to materially move the stock on their own.