The Phosphate Company Ltd share Price

The Phosphate Company Limited is a limited company incorporated in the year February 25, 1949. The Company is primarily engaged in the business of farm inputs comprising of fertiliser, crop protection, specialty nutrients and organic compost. It is also engaged in trading of Acid. The manufacturing plant of the company is located at Rishra in the Hooghly district of West Bengal. During FY 2016, the Company acquired entire paid up equity share capital of M/s Abhinandan Goods Pvt. Ltd. making it wholly owned subsidiary company. As a strategic option, a part of the land and adjacent buildings and other infrastructure has been transferred to the Subsidiary Company at market rate to develop the agro-input business comprising pesticides/herbicides and plant nutrients. Execution of Conveyance Deed is pending for necessary compliance. In FY 2017, the Company has filed a writ-petition with Hon`ble High Court at Kolkata challenging the constitutional validity of West Bengal Tax on Entry of Goods into Local Areas Act 2012. The Company has preferred an appeal before Honorable High Court Kolkata against dismissal of writ petition earlier filed for recovery of Freight Rebate. During FY18, the Company secured an approval from the members to issue compulsorily redeemable cumulative preference shares on preferential basis.