Paradeep Phosphates Incorporates Wholly Owned Subsidiary 'Fertilizer Innovation Foundation-India'

Paradeep Phosphates Ltd has announced the incorporation of its wholly owned subsidiary, 'Fertilizer Innovation Foundation–India', on August 11, 2026. This not-for-profit entity is established to focus on research, innovation, knowledge dissemination, capacity building, and allied activities within the fertilizer and agriculture sectors. The subsidiary aims to support sustainable agricultural practices and strengthen sector innovation, aligning with the company's strategic objectives. The incorporation was completed with a license under section 8(1) of the Companies Act, 2013, with Paradeep Phosphates subscribing to 100% of the initial paid-up share capital at face value.