Zuari Agro Chemicals Limited has informed the Exchange about General Updates
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Zuari Agro Chemicals has informed exchanges that the NCLT Bengaluru Bench has passed an order on September 24, 2025, approving and sanctioning the second motion petition for the composite scheme of arrangement between Mangalore Chemicals & Fertilizers Limited (MCFL, the Transferor Company) and Paradeep Phosphates Limited (PPL, the Transferee Company) along with their respective shareholders and creditors. This follows earlier disclosures made on February 7, 2024, November 25, 2024, February 28, 2025, and March 1, 2025 regarding the same scheme. As the promoter of MCFL, Zuari Agro is required to disclose this development. The scheme now moves closer to becoming effective, subject to remaining regulatory steps.
For Zuari Agro shareholders, this is a procedural milestone in the MCFL–PPL merger, with the NCLT sanctioning the scheme. The next steps will determine the swap ratio and timeline, which will directly affect the value Zuari Agro derives from its stake in MCFL.