Description
221.62 million new equity shares of Paradeep Phosphates Limited listed on BSE effective December 31, 2025, pursuant to composite scheme of arrangement with Mangalore Chemicals & Fertilizers Limited.
Summary
BSE has approved the listing of 221,623,331 new equity shares of Paradeep Phosphates Limited (Scrip Code: 543530) effective December 31, 2025. These shares were issued pursuant to a Composite Scheme of Arrangement between Mangalore Chemicals & Fertilizers Limited (Transferor Company) and Paradeep Phosphates Limited (Transferee Company) under sections 230 to 232 of the Companies Act, 2013. The new shares rank pari-passu with existing equity shares.
Key Points
- 221,623,331 new equity shares of Rs. 10/- each listed
- Shares issued under Composite Scheme of Arrangement between Mangalore Chemicals & Fertilizers Limited and Paradeep Phosphates Limited
- Allotment date: December 3, 2025
- Trading permitted from December 31, 2025
- ISIN: INE088F01024
- Distinctive Numbers: 816345659 to 1037968989
- New shares rank pari-passu with existing equity shares
Regulatory Changes
No new regulatory changes introduced. This listing is pursuant to existing provisions under sections 230 to 232 of the Companies Act, 2013 governing schemes of arrangement.
Compliance Requirements
- Market participants must update their systems to reflect the increased share capital of Paradeep Phosphates Limited
- Trading members should note the new distinctive number range for the listed securities
- Investors should be aware of the dilution impact from the composite scheme of arrangement
Important Dates
- Allotment Date: December 3, 2025
- Notice Date: December 30, 2025
- Trading Commencement Date: December 31, 2025
Impact Assessment
Market Impact: The listing of 221.62 million new shares represents significant equity dilution for existing shareholders of Paradeep Phosphates Limited. Based on typical capital structures for listed fertilizer companies, this could represent approximately 25-30% dilution of the existing share base.
Corporate Action Impact: This is a major corporate restructuring involving the merger/scheme of arrangement between Mangalore Chemicals & Fertilizers Limited and Paradeep Phosphates Limited. The scheme consolidates operations and shareholding between the two entities.
Trading Impact: The substantial increase in equity shares will likely impact liquidity and trading volumes in the stock. The shares are fungible with existing shares (pari-passu status), allowing immediate trading alongside existing equity.
Shareholder Impact: Shareholders of Mangalore Chemicals & Fertilizers Limited have received shares in Paradeep Phosphates Limited as part of the scheme, creating a new shareholder base for the company.
Impact Justification
Significant equity dilution of approximately 27.2% with 221.62 million new shares listed pursuant to merger, material impact on shareholding structure and trading volumes.