Paradeep Phosphates Distributes Fractional Share Proceeds

Paradeep Phosphates certifies completion of Mangalore Chemicals merger fractional share proceeds distribution.
Audit Committee and Independent Directors confirm ₹25.89 lakh net proceeds distributed to eligible shareholders.
The action complies with SEBI circular and NCLT-approved merger scheme finalized on October 16, 2025.
Fractional entitlement of 23,217 shares was sold in open market with distribution completed May 8, 2026.