Zuari Agro Chemicals Limited has informed the Exchange about Completion Of Transfer Of 2,90,37,000 Equity Shares Of Mangalore Chemicals & Fertilizers Limited (MCFL ) by the Company to Zuari Maroc Phosphates Private Limited Today i.e. 13Th Oct, 2025 pursuant To Composite Scheme Of Arrangement Amongst MCFL, Paradeep Phosphates Limited & Their Respective Shareholders & Creditors
ZUARI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Zuari Agro Chemicals has completed the transfer of 2,90,37,000 (approximately 2.9 crore) equity shares of Mangalore Chemicals & Fertilizers Limited (MCFL) to Zuari Maroc Phosphates Private Limited on 13th October 2025. The transfer was executed pursuant to a Composite Scheme of Arrangement involving MCFL, Paradeep Phosphates Limited, and their respective shareholders and creditors. This effectively moves ZACL's stake in MCFL to another group entity under a court-approved restructuring plan.
Shareholders should note that this is an internal group restructuring under a court-approved scheme, not a market sale. The economic interest in MCFL remains within the Zuari group, so there is likely no material impact on consolidated value, though the structure of holdings has changed.