Mangalore Chemicals & Fertilizers Ltd Receives Sanction for Composite Scheme of Arrangement
Mangalore Chemicals & Fertilizers Ltd announced that the board of directors, at its meeting held on October 07, 2025, took on record the order of the Hon’ble National Company Law Tribunal, Bengaluru Bench, dated September 24, 2025. The order sanctioned the composite scheme of arrangement amongst the Company, Paradeep Phosphates Limited and their respective shareholders and creditors. The scheme will become effective upon fulfilling certain conditions, including filing the certified copies of the sanction orders with the Registrar of Companies, Bengaluru and Cuttack.
Key Highlights
- Mangalore Chemicals & Fertilizers Ltd received sanction for a composite scheme of arrangement with Paradeep Phosphates Limited.
- The scheme of arrangement involves shareholders and creditors of both companies.
- The sanctioned order was dated September 24, 2025, by the Hon’ble National Company Law Tribunal, Bengaluru Bench.
- The scheme will become effective upon fulfilling specific conditions, such as filing certified copies of the sanction orders with the Registrar of Companies.
- The board meeting commenced at 4:00 P.M. (IST) and concluded at 4:16 P.M. (IST)
Price Impact
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