Paradeep Phosphates Ltd (PPL) has announced that its board has officially taken on record the National Company Law Tribunal (NCLT) Bengaluru Bench’s order sanctioning the Composite Scheme of Arrangement involving Mangalore Chemicals & Fertilizers Ltd (MCF), Paradeep Phosphates, and their respective shareholders and creditors.
The company also confirmed that the NCLT Cuttack Bench has granted parallel approval for the scheme. The merger will come into effect following the filing of certified copies of the tribunal orders with the Registrars of Companies (RoC) in Bengaluru and Cuttack, completing the final procedural step.
The board formally approved the development during its meeting held on October 7, 2025, from 4:00 PM to 4:16 PM IST, chaired by the company’s directors.
Merger Overview
The approved scheme aims to merge Mangalore Chemicals & Fertilizers with Paradeep Phosphates, integrating their fertilizer manufacturing, marketing, and distribution operations under a unified structure. The consolidation is expected to create a stronger, more efficient fertilizer entity, leveraging operational synergies and expanding market reach across India.
Once implemented, the merger will bring together MCF’s urea, soil conditioner, and micronutrient portfolio with PPL’s extensive product range and distribution network, positioning the combined entity as a key player in India’s fertilizer sector.
Company Background
Founded in 1966 and listed in 2007, Mangalore Chemicals & Fertilizers Ltd is a well-established fertilizer producer with a strong presence in urea and other agri-inputs. The market has responded positively to the merger news, with analysts highlighting the potential for long-term value creation and strategic growth through integration.
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