The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jyotsna Poddar & PACs
PARADEEP · price
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Awaiting price reaction for this filing.
Jyotsna Poddar, part of the promoter/promoter group of Paradeep Phosphates Ltd, has been allotted 2,93,874 equity shares of Rs. 10 each on 03 December 2025. These shares were received pursuant to the Composite Scheme of Arrangement under which Mangalore Chemicals & Fertilizers Ltd (MCFL) has merged with Paradeep Phosphates Ltd. She held 1,57,152 shares in MCFL on the record date (31 October 2025), which were exchanged for PPL shares at the scheme-stipulated swap ratio. After this allotment, her individual holding in PPL stands at 2,93,874 shares, i.e. 0.03% of the paid-up share capital. PPL's total equity share capital expanded from 81.63 crore shares to 103.80 crore shares as a result of the merger-driven allotment.
This is a scheme-driven, automatic share allotment and not a discretionary market purchase, so it is neutral for the stock. The merger has also increased the total share count by about 27%, which may modestly dilute EPS on a like-for-like basis.