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Paradeep Phosphates Limited has announced a postal ballot to seek shareholder approval on several critical matters. The company is proposing to increase its borrowing limit to ₹20,000 crore, superseding a previous limit of ₹15,000 crore set in September 2022. This increase is intended to finance working capital, acquire capital assets, and meet other company requirements, and will involve creating mortgages or charges on the company's assets.

Shareholders will also vote on the ratification of remuneration for the Cost Auditor, M/s. S. S. Sonthalia & Co., for the Financial Year 2025-26, set at ₹5,00,000 plus applicable taxes and expenses. This follows the merger of Mangalore Chemicals & Fertilizers Limited, necessitating an expanded audit scope.

Furthermore, the company seeks approval for the appointment of two directors. Mr. Akshay Poddar (DIN: 00008686) is proposed as a Non-Executive Director, bringing over 24 years of experience in strategic management across various sectors. Mrs. Ruchira Kamboj (DIN: 11068450) is proposed as a Non-Executive Independent Director for a term of five years, commencing November 06, 2025, up to November 05, 2030. Mrs. Kamboj has a distinguished career in the Indian Foreign Service and previously served as India's first female Permanent Representative to the United Nations.

Finally, shareholders will consider altering the object clause of the Memorandum of Association to include the generation, distribution, and sale of electrical power from conventional and non-conventional sources. The e-voting process will commence on Sunday, January 04, 2026, at 10:00 AM IST and conclude on Monday, February 02, 2026, at 5:00 PM IST. The results are expected to be announced on or before Wednesday, February 04, 2026.