Paradeep Phosphates Limited has informed the Exchange regarding Proceedings of Court Convened General Meeting held on Jun 02, 2025

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

PARADEEP · price

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Price reactionminutes from the announcement price · days from the prior close

+0.8%Reaction day

₹176.00

prior close

₹176.99

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.1%+0.7% vs market

Fertilizers peers, median of 19sector+2.5%-1.6% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Smallcap 250 and 1.6 pts less than its Fertilizers peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.1

10m

+1.9

15m

+2.0

30m

+2.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.8+0.1+0.7+2.5-1.6

Next day

-1.7+0.6-2.3+1.9-3.6

+0.2+1.3-1.1+2.1-1.9

-2.6+2.0-4.5+1.6-4.2

-1.6+3.3-4.9+3.5-5.1

+0.9+3.5-2.5+2.5-1.5

-1.4+1.9-3.3+3.4-4.8

15d

-6.3+1.3-7.7+1.3-7.6

-7.7+4.7-12.5+2.0-9.7

+29.5+0.4+29.1+5.2+24.3

+20.1+0.1+20.0+7.3+12.8

UpDownMarket · Nifty Smallcap 250Sector · Fertilizers peers, median of 19Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Paradeep Phosphates Limited held two NCLT-ordered meetings on June 2, 2025 via video conferencing — one for equity shareholders (11:00–11:18 AM) and one for unsecured creditors (2:00–2:08 PM) — to consider a proposed composite scheme of arrangement. Under the scheme, Paradeep Phosphates (Transferee Company) will absorb Mangalore Chemicals & Fertilizers Limited (Transferor Company), along with their respective shareholders and creditors. The meetings had requisite quorum, remote e-voting was conducted from May 28 to June 1, 2025, and shareholders raised queries which the management addressed. Voting results will be declared within two working days based on the scrutinizer's report.

Likely market impact

This is a procedural milestone in the NCLT-driven merger where Paradeep Phosphates will absorb Mangalore Chemicals & Fertilizers. Shareholders should watch for the voting outcome, which will determine whether the scheme moves forward to the next NCLT approval stage, potentially reshaping the company's scale and capital structure.