We hereby inform you that the board of directors of the Company at its meeting held today, i.e., October 07, 2025, has, inter alia, taken on record the order of the Hon'ble National Company ....
Awaiting price reaction for this filing.
The board of Mangalore Chemicals & Fertilizers Ltd (MCFL), at its meeting on October 7, 2025, noted the NCLT Bengaluru Bench order dated September 24, 2025, which sanctioned the composite scheme of arrangement between MCFL, Paradeep Phosphates Ltd (the Transferee Company), and their respective shareholders and creditors. The scheme will become effective once certified copies of the NCLT sanction orders from both the Bengaluru and Cuttack benches are filed with the relevant Registrars of Companies. This paves the way for MCFL's merger into Paradeep Phosphates Ltd, both listed entities. The board meeting lasted about 16 minutes.
This is a key milestone toward the merger of MCFL with Paradeep Phosphates; shareholders should expect details on share swap ratio and the next steps including filings with the Registrar of Companies before the scheme becomes effective.