The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gaurav Agarwala & PACs
PARADEEP · price
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Gaurav Agarwala, part of the promoter group of Paradeep Phosphates Ltd, has disclosed the acquisition of 2,80,500 equity shares (0.03% of paid-up capital) under SEBI's SAST Regulations. These shares were allotted to him on 3rd December 2025 as part of the merger of Mangalore Chemicals & Fertilizers Limited (MCFL) into Paradeep Phosphates Ltd, in exchange for his 1,50,000 shares held in MCFL as on the record date of 31st October 2025. This is not a market purchase but an automatic allotment under the approved Composite Scheme of Arrangement. The merger has also expanded PPL's equity share capital from 81.63 crore shares to 103.80 crore shares. The disclosure lists 7 persons acting in concert (PACs) including Zuari Agrochemicals, Zuari Industries, and Adventz Finance.
This is a routine procedural disclosure arising purely from the MCFL–PPL merger and is not a discretionary promoter market purchase. It carries no fresh capital infusion or change in control signals — the 0.03% increase reflects share-swap mechanics, not promoter confidence-building buying.