The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shradha Agarwala & PACs
PARADEEP · price
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Awaiting price reaction for this filing.
Shradha Agarwala, a member of the promoter group along with PACs including Zuari Agrochemicals, Zuari Industries and Akshay Poddar, has been allotted 3,74,000 equity shares of Paradeep Phosphates Ltd on 3rd December 2025. These shares were issued in exchange for her earlier holding of 2,00,000 shares in Mangalore Chemicals & Fertilizers Ltd, which has merged into Paradeep Phosphates under a Composite Scheme of Arrangement. After this allotment, her direct holding in the company stands at 3,74,000 shares, equal to 0.04% of the total paid-up share capital. The company's total equity share capital expanded from about 81.63 crore shares to 103.80 crore shares following this merger-driven allotment. The acquisition is a passive, scheme-based share swap and not an open-market purchase.
This is a routine, non-cash acquisition driven entirely by the merger between Mangalore Chemicals & Fertilizers and Paradeep Phosphates, so it has no direct bearing on stock price or promoter control. The overall promoter group shareholding remains unchanged in substance — only the legal entity holding the shares has shifted via the scheme of arrangement.