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Madras Fertilizers

Limited

U. Saravanan
CMD, MFL

adras Fertilizers Limited (MFL) was incorporated in December
1966 as a Joint Venture between GoI and AMOCO India
MIncorporation of USA (AMOCO) with GoI holding 51% of the
equity share capital. In the year 1972, NIOC acquired 50% of the AMOCO’s
share and the shareholding pattern became 51% GoI and 24.5% each of
AMOCO and NIOC.

In 1985, AMOCO disinvested their shares, which were purchased by GoI
and NIOC in the proportions of their respective shares as on 22.07.1985.
The revised share holding pattern was GoI 67.55% and NIOC 32.45%.
Subsequent to the Issue of Rights shares in 1994 for part financing of the
Project, the shareholding of GoI & NIOC stand at 69.78% and 30.22%.

During 1997, MFL had gone for Public Issue of 2,86,30,000 shares with face
value of ` 10 and a premium of ` 5 per share. Of these, 2,58,09,700 shares
were subscribed. The present Paid up share capital and the shareholding
pattern are as follows:

Paid Up Capital Share Holding
Shareholder
(` in Cr) %
MFL issued bulletins GoI 95.85 59.50
and circulars on NIOC 41.52 25.77

regular basis about
standard protocols Public 23.73 14.73
as stipulated by Total 161.10 100.00
ICMR / State
Government Health Though the Company has an authorised share capital of ` 365 Cr.
Care Department and comprising of ` 175 Cr. as equity and ` 190 Cr. as preference share capital,
other Government to the preference share capital is yet to be issued and subscribed. As on

prevent COVID-19. date, the paid-up equity is ` 161.10 Cr.

Madras Fertilizers Limited 237