Paradeep Phosphates Limited has informed the Exchange about Copy of Newspaper Publication
PARADEEP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Paradeep Phosphates Limited (PPL) has filed copies of newspaper advertisements published on 19th July 2025 in The Economic Times (English) and Samaj (Odia), as directed by the NCLT Cuttack Bench. The advertisements serve as a notice of hearing for a petition related to the proposed Scheme of Arrangement between Mangalore Chemicals & Fertilizers Limited (MCFL) as the Transferor Company and PPL as the Transferee Company, under Sections 230–232 of the Companies Act, 2013. The NCLT order was passed on 2nd July 2025 and received by PPL on 16th July 2025. The petition (CP (CAA) No. 8/CB/2025) has been listed for hearing on 12th August 2025. Any person wishing to support or oppose the scheme must send their representation to PPL's advocate and the NCLT at least two days before the hearing date.
This is a routine regulatory disclosure confirming PPL's compliance with NCLT directions in the ongoing MCFL–PPL merger process. The next milestone to watch is the NCLT hearing on 12th August 2025, which will be a key step toward scheme approval and final merger outcome for shareholders of both companies.