StockWatch
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Fertilizers
Acquisitions16 Oct 2025, 05:11 pm

Mangalore Chemicals & Fertilizers Ltd Merges with Paradeep Phosphates Limited

AI Summary

Mangalore Chemicals & Fertilizers Ltd (Transferor Company) has merged with Paradeep Phosphates Limited (Transferee Company) with effect from the Appointed Date 2 (01* April 2024) as of the Effective Date 2 (16™ October 2025). The Transferor Company stands dissolved without being wound up. The board of directors of the Transferee Company has fixed Friday, 31% October 2025 as the Record Date 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 Transferee Company in accordance with the terms of the Scheme. As per the Scheme, 187 fully paid-up equity shares of INR 10/- each of the Transferee Company are to be issued and allotted for every 100 fully paid-up equity shares of INR 10/- each of the Transferor Company.

Key Highlights

  • Mangalore Chemicals & Fertilizers Ltd has merged with Paradeep Phosphates Limited
  • The merger came into effect on the Appointed Date 2 (01* April 2024) and Effective Date 2 (16™ October 2025)
  • The Transferor Company stands dissolved without being wound up
  • The board of directors of the Transferee Company fixed Friday, 31% October 2025 as the Record Date
  • 187 fully paid-up equity shares of INR 10/- each of the Transferee Company will be issued and allotted for every 100 fully paid-up equity shares of INR 10/- each of the Transferor Company