Paradeep Phosphates Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
PARADEEP · price
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On the reaction day the stock moved 3.3 pts more than Nifty Smallcap 250 and 3.2 pts more than its Fertilizers peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Paradeep Phosphates won a writ petition in the Delhi High Court on 15th May 2025. The court directed the Department of Fertilizers, Government of India, to release a withheld subsidy of ₹53.50 crore under the Nutrient Based Subsidy (NBS) Scheme within six weeks. The subsidy relates to an imported consignment of Di-Ammonium Phosphate (DAP) fertilizer supplied to states in 2013, which had been denied on quality grounds since 2019. The company had argued the consignment was certified as standard by state governments and ICAR's scientific findings.
This is a positive development for shareholders, as the company stands to recover ₹53.50 crore plus applicable interest, which should improve cash flow and financials once released. The favorable ruling removes a long-pending uncertainty and reinforces the company's position in subsidy disputes.