Record date is October 31, 2025 for the purpose of determining the shareholders of the Transferor Company who will be entitled to receive fully paid-up equity shares of INR 10 each of the ....
Awaiting price reaction for this filing.
Mangalore Chemicals & Fertilizers Ltd (MCF) has formally merged into Paradeep Phosphates Ltd (PPL) with effect from the Effective Date 2, i.e., October 16, 2025, under Part II of the composite scheme of arrangement, with an Appointed Date of April 1, 2024. MCF now stands dissolved without winding up, and PPL will issue 187 fully paid-up equity shares of ₹10 each for every 100 equity shares of ₹10 each held in MCF. The Board of PPL has fixed Friday, October 31, 2025, as the Record Date to identify eligible MCF shareholders entitled to receive PPL shares under the scheme. Part III of the scheme (likely the demerged fertiliser business) had already become effective on October 13, 2025.
MCF shareholders will receive PPL shares at a ratio of 1.87:1 based on holdings as of October 31, 2025, making them shareholders of the combined Paradeep Phosphates entity. MCF ceases to exist as a separate listed company, so its stock will be delisted once the share allotment to its shareholders is completed.