Paradeep Phosphates Ltd

Paradeep Phosphates Limited (PPL) has launched 'JAI KISAAN NAVRATNA CROPFIT', a customized fertilizer specifically for sugarcane cultivation in Karnataka. This scientifically formulated product offers a balanced mix of primary (NPK 14:14:13), secondary (Sulphur 4%), and micronutrients (Zinc 1%, Boron 0.1%, Iron 1%). The launch aims to improve nutrient use efficiency, crop productivity, and farm economics by addressing the specific nutritional needs of sugarcane. Field evaluations suggest potential for higher cane yields and improved sugar recovery. The product is FCO-approved and recommended for key sugarcane-growing districts in Karnataka. PPL's leadership highlighted the company's shift towards science-led, crop-specific nutrition solutions.

Paradeep Phosphates Ltd has announced September 4, 2026, as the record date for determining shareholders eligible to receive a dividend for the financial year 2025-26. This dividend, if declared, will be decided at the company's upcoming Annual General Meeting (AGM) scheduled for September 17, 2026. The announcement is made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Paradeep Phosphates Ltd announced that its 44th Annual General Meeting (AGM) will be held on September 17, 2026. The meeting is scheduled to commence at 3:00 PM and will be conducted entirely through Video Conferencing (VC) and Other Audio Visual Means (OAVM). This notification serves as an update to stakeholders regarding the upcoming AGM date and mode of conduct.

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.

Paradeep Phosphates Ltd has received a favorable order from the Supreme Court of India, dismissing an appeal by the Department of Fertilizers. This upholds a prior Delhi High Court ruling that directed the release of ₹53.50 crores in subsidy to the company under the Nutrient Based Subsidy (NBS) Scheme. The litigation stemmed from the company's writ petition seeking the release of this subsidy claim, along with applicable interest. The Supreme Court's decision confirms the High Court's directive, ensuring the release of the subsidy to Paradeep Phosphates.

Paradeep Phosphates Ltd announced its Board of Directors has approved the incorporation of a wholly-owned subsidiary, "Fertilizer Innovation Foundation–India". This new entity will be a not-for-profit organization under Section 8 of the Companies Act, 2013. Its primary objectives include research, innovation, knowledge dissemination, and capacity building within the fertilizer and agriculture sectors. The subsidiary will be funded through cash subscription to its initial paid-up share capital at face value. This move aligns with the company's long-term sustainability and strategic goals for the sector.

Paradeep Phosphates Ltd (PPL) announced its financial results for Q1 FY27, reporting a strong performance despite global uncertainties. Revenue from operations surged 36% year-on-year to ₹6,124 crore. EBITDA and Profit Before Tax (PBT) both increased by 24% year-on-year, reaching ₹764 crore and ₹526 crore respectively. Profit After Tax (PAT) also grew 24% year-on-year to ₹393 crore. Sales volume saw a 4% increase to 9.85 LMT. The company attributed its success to efficient supply chain management, agile sourcing, and robust distribution capabilities. PPL also approved an investment of ₹250 crore for a new Aluminium Fluoride (AlF3) plant, aligning with its strategy to diversify into industrial chemicals and enhance shareholder value.

Paradeep Phosphates Limited's Board of Directors, upon recommendation from the Nomination and Remuneration Committee, has approved the 'Paradeep Phosphates Limited Performance Stock Option Plan 2026' (PSOP 2026). This plan, subject to shareholder approval, aims to incentivize employees based on performance and organizational growth. The plan allows for the grant of up to 20,00,000 stock options, exercisable into equity shares of face value ₹10 each. The exercise price will be at least the face value on the grant date, with potential adjustments. Vesting periods range from one to three years, and options can be exercised within two years of vesting. The plan is administered by a committee authorized by the Board.

Paradeep Phosphates Limited has approved the establishment of an Aluminium Fluoride (AlF₃) manufacturing plant with a capacity of 15,000 MTPA at Paradeep. The project involves an investment of approximately ₹250 Crores and will utilize Hydrofluorosilicic Acid (HFSA), a by-product of phosphoric acid production. This initiative aims to add value to a by-product, diversify revenue into industrial chemicals, improve profitability, strengthen fluorine management, and support sustainability goals.

Paradeep Phosphates Limited announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The Board of Directors approved these results, which were recommended by the Audit Committee. The company's management is responsible for the preparation of these financial statements in accordance with Indian Accounting Standard 34. The Limited Review Report from B S R & Co. LLP, Chartered Accountants, confirms that based on their review, nothing has come to their attention that suggests material misstatements. The report also draws attention to a restatement of prior period figures due to a composite scheme of arrangement involving Mangalore Chemicals & Fertilizers Limited.