The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Akshay Poddar & PACs
PARADEEP · price
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Awaiting price reaction for this filing.
Akshay Poddar, part of the promoter group, has been allotted 26,22,545 equity shares of Paradeep Phosphates Ltd (PPL) on 03 December 2025. This allotment is not an open market purchase — it is the result of the merger of Mangalore Chemicals & Fertilizers Ltd (MCFL) into PPL, where Mr. Poddar's 14,02,431 shares in MCFL were converted into PPL shares as per the approved share exchange ratio. Post this, his individual holding stands at 0.25% of PPL's total paid-up share capital. PPL's total share capital increased from 81.63 crore to 103.80 crore equity shares following the merger. The disclosure is filed along with several persons acting in concert (PACs) including Zuari Agrochemicals, Zuari Industries, and Zuari Maroc Phosphates, indicating a group-level change in shareholding structure due to the scheme of arrangement.
This is a passive, scheme-driven share allotment from the MCFL–PPL merger rather than a fresh market purchase, so it is unlikely to move the stock price. Shareholders should note that promoter-group shareholding patterns will shift as MCFL shareholders receive PPL shares, which could affect the overall promoter holding percentage of PPL going forward.