Please find enclosed update on composite scheme of arrangement
Awaiting price reaction for this filing.
Mangalore Chemicals & Fertilizers (MCFL) has completed the next step in its composite scheme of arrangement with Paradeep Phosphates Limited. The company has filed the certified copies of the NCLT sanction orders (from both the Bengaluru and Cuttack Benches) with the Registrar of Companies. As a result, Effective Date 1 for the scheme is today, October 13, 2025. The actual amalgamation of MCFL into Paradeep Phosphates will happen on Effective Date 2, which is 3 days later (October 16, 2025). MCFL shareholders will receive Paradeep Phosphates shares in exchange as part of the merger. The company has promised to make further disclosures once Effective Date 2 arrives.
MCFL is set to be merged into Paradeep Phosphates within days, meaning MCFL shareholders will become shareholders of Paradeep Phosphates. The stock may see increased trading activity as the merger effective date approaches. Investors should watch for the next disclosure on October 16, 2025, which will trigger the share swap.