Paradeep Phosphates Ltd

Paradeep Phosphates Ltd has announced the closure of its trading window from July 01, 2026, until 48 hours after the declaration of its Unaudited Financial Results for the quarter ending June 30, 2026. This measure is in compliance with the company's Code of Conduct and SEBI's Insider Trading Regulations. The specific date for the Board of Directors' meeting to approve these financial results will be communicated separately.

Paradeep Phosphates Ltd. announced that the Assistant Commissioner of Income Tax, Circle-1(1), Bhubaneswar, has quashed the income tax demand of ₹20.61 crore raised for AY 2020-21 and granted a refund of ₹20.57 crore to the company. This follows an appeal filed by the company before the First Appellate Authority on April 3, 2025, and a subsequent application u/s 154 before the Assistant Commissioner of Income Tax, Circle-1(1).

The National Company Law Appellate Tribunal (NCLAT) rejected Paradeep Phosphates Ltd's appeal for Entry Tax exemption in Odisha under a BIFR-sanctioned rehabilitation scheme. The order, dated May 18, 2026, was published on the NCLAT website on the same day. The litigation pertains to the company’s claim for exemption/remission from Entry Tax under the rehabilitation scheme sanctioned from 2007 to 2014. The company has already provided for the liability and deposited ₹26 crore under protest against a total demand of ₹76 crore. The company plans to appeal the order in the Supreme Court.

Paradeep Phosphates Ltd (PPL) announced its FY26 results, reporting a 29% YoY increase in revenue from operations to ₹21,826 crore. EBITDA rose 33% YoY to ₹2,259 crore, PBT increased 46% YoY to ₹1,328 crore, and PAT stood at ₹1,000 crore, up 52% YoY. Production volumes grew 8% YoY to 36.66 LMT, while sales volumes rose 10% YoY to 42.10 LMT, driven by strong NPK performance. The company commissioned Sulphuric Acid Plants at Paradeep and Mangalore, increasing capacity by 0.6 MMTPA.

Paradeep Phosphates Ltd's board approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. A dividend of ₹1.50 per equity share was recommended, subject to shareholder approval. Mrs. Rita Menon was re-appointed as an Independent Director for a second term of three years, effective June 27, 2026, also subject to shareholder approval. The audit reports for FY 2025-26, issued by BSR & Co. LLP, have an unmodified opinion.

Paradeep Phosphates Ltd. has distributed ₹25.9 Lakh to eligible shareholders of Mangalore Chemicals & Fertilizers Limited from the sale of fractional shares, as per the Composite Scheme of Arrangement. The distribution, completed on May 8, 2026, follows SEBI guidelines and was certified by the Audit Committee and Independent Directors. A total of 23,217 fractional shares were sold, with net proceeds distributed after deducting expenses and TDS.

Paradeep Phosphates Ltd's Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. They recommended a dividend of ₹1.50 per equity share of ₹10 each, subject to shareholder approval. The board also approved the re-appointment of Mrs. Rita Menon as an Independent Director for a second term of three years, effective June 27, 2026, also subject to shareholder approval. The audit reports for FY 2025-26 were issued with an unmodified opinion by BSR & Co. LLP, Statutory Auditors.

Paradeep Phosphates Ltd's board approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. A dividend of ₹1.50 per equity share was recommended, subject to shareholder approval. Mrs. Rita Menon was re-appointed as an Independent Director for a second term of three years, effective June 27, 2026, also pending shareholder approval. Auditors BSR & Co. LLP issued an unmodified opinion on the FY26 audit reports.

Paradeep Phosphates Ltd has announced that its Board of Directors will convene on Monday, May 11, 2026. The primary agenda for this meeting includes the consideration and approval of the audited financial results for both the quarter and the full financial year ended March 31, 2026. Additionally, the Board will discuss and potentially recommend a dividend for the financial year 2025-26. In compliance with the Company's Code of Conduct, the trading window for insiders will remain closed until May 13, 2026.

Paradeep Phosphates Ltd has successfully commissioned its 300 TPD Sulphuric Acid Plant at its Mangalore unit as of March 31, 2026. This development will enhance the company's captive sulphuric acid production, ensuring a reliable supply of a key raw material for fertilizer manufacturing. The new plant will reduce import dependence, improve operational efficiency, and enable effective utilization of waste heat, thereby enhancing overall energy efficiency and reducing the carbon footprint.