Reports from the Audit Committee and Independent Directors of the Company are enclosed

Paradeep Phosphates Limited has completed the distribution of proceeds from the sale of fractional shares arising from its merger with Mangalore Chemicals & Fertilizers Limited. As part of the merger approved by NCLT in September 2025, eligible shareholders of Mangalore Chemicals received 187 Paradeep Phosphates shares for every 100 shares held, with the record date being October 31, 2025 and allotment on December 3, 2025. The company allotted 22,16,23,331 equity shares including 23,217 fractional shares, which were held in trust by PPL Merger Trust (managed by Vistra ITCL India Limited) and sold in the open market. The sale proceeds of Rs. 26,01,427.96 (net of TDS of Rs. 11,801 and other expenses) totaling Rs. 25,89,626.96 were distributed to eligible former Mangalore Chemicals shareholders on May 8, 2026, within the 90-day window required under SEBI regulations. Both the Audit Committee and Independent Directors have certified compliance with the Scheme and SEBI Master Circular.