NCLT approves composite scheme of arrangement for Mangalore Chemicals & Fertilizers and Paradeep Phosphates
The approval of a scheme of arrangement by NCLT is a crucial regulatory milestone, indicating that the corporate restructuring can proceed. This is a significant development for the companies involved and for Zuari Agro Chemicals Limited, which is disclosing this update.
The NCLT's approval of the composite scheme of arrangement indicates a successful clearance and progress for a significant corporate action involving related entities.
Zuari Agro Chemicals Limited informed that the Hon’ble National Company Law Tribunal, Bengaluru Bench (NCLT Bengaluru), passed an order dated 24 September 2025. This order approves and sanctions the second motion petition (Scheme) with respect to the composite scheme of arrangement. The scheme is between Mangalore Chemicals & Fertilizers Limited (Transferor Company) and Paradeep Phosphates Limited (Transferee Company), along with their respective shareholders and creditors. This announcement refers to previous disclosures made on 7 February 2024, 25 November 2024, 28 February 2025, and 1 March 2025.
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Zuari Agro Chemicals Limited filed this with the NSE as a statutory disclosure, categorised under corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Zuari Agro Chemicals Limited. Read the original for the full detail.