Paradeep Phosphates Ltd - 543530 - Announcement under Regulation 30 (LODR)-Credit Rating
Pursuant to the provisions of Regulation 30 and Sub Para 3 of Para A of Part A of Schedule Ill of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform that the credit rating of the Company has been upgraded. Paradeep Phosphates Ltd - 543530 - Disclosure Of Information Pursuant To Regulation 30(2)- Resumption Of NPK Plants
Vide our letter dated June 01, 2022, we had intimated about the acquisition of the fertilizer plants at Goa and associated businesses of Zuari Agro Chemicals Limited (ZACL) on slump sale basis pursuant to the Business Transfer Agreement (BTA) executed by the Company with ZACL on 1st March, 2021, which has been consummated with effect from 06:00 hours on June 01, 2022. Post the completion of the acquisition, the Urea-ammonia section of the Goa plant started production with effect from June 13th 2022, intimation of which was given via our letter dated June 13th 2022. The company hereby informs about the starting of production at the NPK-A and NPK-B trains with effect from August 10th 2022. With this, all trains at the Goa plant of the company are now fully operational. This disclosure, being material, is made pursuant to Regulation 30(2) read with Part A of Schedule Ill of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Paradeep Phosphates Ltd - 543530 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Further to our letters dated August 02, 2022 and August 04, 2022 with regard to the Conference call held with analysts and investors held on August 04, 2022, we wish to inform you that transcript of the conference call held with analysts and investors has been uploaded on the Company's website at https://www.paradeepphosphates.com/analyst-meet.php pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015. This is for your information and records. Paradeep Phosphates Ltd - 543530 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
Pursuant to Regulation 32(6) of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Regulation 41(4) of Securities Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, please find attached Monitoring Agency Report for the quarter ended June 30, 2022, issued by CARE Ratings Limited, Monitoring Agency, appointed to monitor the utilisation of proceeds of the Public Issue (IPO) of the Company. Request you to kindly take the same on record. Paradeep Phosphates Ltd - 543530 - Disclosure of Voting results of Postal Ballot (Regulation 44(3) of SEBI (LODR) Regulations, 2015)
Paradeep Phosphates Ltd has informed BSE regarding the details of Voting results of Postal Ballot, under Regulation 44(3) of SEBI (LODR) Regulations, 2015. Kindly Click here Paradeep Phosphates Ltd - 543530 - Submissions Of Voting Results Of Postal Ballot And Scrutinizer'S Report
The Company had sought approval of members through Postal Ballot vide Postal Ballot Notice dated May 28, 2022 for Appointment of Mr. Subhrakant Panda as an Independent Director Pursuant to Reg 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that based on the report submitted by the Scrutinizer, the aforesaid resolution have been passed with requisite majority by the shareholders of the Company on August 07, 2022 i.e. last date of e-voting. The results of Postal Ballot along with report of the scrutinizer dated August 08, 2022 for the postal ballot process is enclosed herewith. Request you to kindly take the same on record. Paradeep Phosphates Ltd - 543530 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we wish to inform you that audio recording of the conference call held with analysts and investors, on August 04, 2022, has been uploaded on the Company's website at https://www.paradeepphosphates.com/analyst-meet.php This is for your information and records. Paradeep Phosphates Ltd - 543530 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed copies of the extract of statement of Unaudited Financial Results for the quarter ended June 30, 2022, published in Business Line (All Editions) and Surya Prava on August 04, 2022. Request you to kindly take the same on records. Q1FY23 Quarterly Result Announced for Paradeep Phosphates Ltd.
Paradeep Phosphates announced Q1FY23 results: Revenue from operations at Rs 2435 crores, up by 85%, as compared to Rs 1316 crores of Q1 FY 21-22. EBITDA at Rs 167 crores, up by 56%, as compared to Rs 107 crores of Q1 FY 21-22. Total fertilizers produced at 283,624 MT vis a vis 227,785 MT in Q1 FY 21-22. New NPK grade NPK 14:28:0 launched. Improves farmer choice in their quest for a soil-specific and crop-specific applications. Acquisition of the Goa fertilizer plant completed as on June 1st 2022. Has added 1.2 million MTPA to the company’s total capacity. As of June 30th 2022, the company’s annualized capacity stands at 2.85 million MT per annum. Finance cost have increased due to increase in subsidy outstanding and currency volatility vis-à-vis previous year. Fertilizer demand expected to remain firm for ongoing Kharif and the Rabi seasons, given the low stocks and healthy rainfall projections. Commenting on the results, Mr. S Krishnan, Managing Director, Paradeep Phosphates said, “During the first quarter, we have added significant capacities through organic as well as inorganic route. This includes completion of revamp of three out of our four granulation trains at Paradeep site and also completion of the acquisition of the Goa plant which has in turn added 1.2 million MT to our overall capacity. With this, PPL now has an annualised capacity of 2.85 MMTPA as of 30th June’22. This quarter also marks the launch of a new product from our portfolio – the NPK 14:28:0 – a product that is a balanced combination of “N” and “P” ingredients and helps to further deepen our farmer linkages. While the Paradeep unit continues to perform well taking advantage of the deep supply chain linkages and long term procurement contracts, our current quarter performance has been impacted due to the various acquisition related costs such as stamp duty charges and the start-up costs of the urea-ammonia operations – all of which have been expensed off as per accounting standards. We believe robust demand will continue for sector on account of low inventory, good monsoon and high level of reservoir.” Result PDF Paradeep Phosphates Ltd - 543530 - Statement Of Deviation Or Variation In Utilisation Of Funds Raised Through Initial Public Offer (''IPO'')
Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended read with SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019, we hereby confirm that during the quarter ended June 30, 2022, there is no deviation or variation in the utilisation of proceeds of the IPO from the objects stated in the Prospectus dated May 20, 2022. A statement of deviation or variation in utilisation of funds raised through ''IPO'' for the quarter ended June 30, 2022, duly reviewed by the Audit Committee of the Company at its meeting held on August 02, 2022, is enclosed herewith. Request you to kindly take the same on record.