Paradeep Phosphates Limited announced the appointment of Mr. Marco Philippus Ardeshir Wadia as an Additional Director in the category of Independent Director. This appointment is effective from March 18, 2026, for a term of five years, pending member approval at the next General Meeting. Mr. Wadia is a seasoned legal professional with extensive corporate advisory experience, holding degrees from the University of Mumbai and enrollment with the Bar Council of India since 1986.
Board Decision on Directorship
The Board of Directors of Paradeep Phosphates Limited convened on March 18, 2026, between 4:30 P.M. (IST) and 5:30 P.M. (IST), where they approved a key management change. The primary resolution concerned the appointment of Mr. Marco Philippus Ardeshir Wadia (DIN: 00244357).
Mr. Wadia has been appointed as an Additional Director, specifically categorized as an Independent Director. This appointment carries a term of five (5) years, commencing retrospectively on March 18, 2026. This approval is conditional upon ratification by the company’s members during the ensuing General Meeting.
Confirmation of Compliance
The company confirmed that Mr. Marco Wadia has not been debarred from holding the office of Director by any prior regulatory order. Furthermore, the Board verified that there is Nil disclosure of any relationship between Mr. Wadia and other existing Directors.
Brief Profile of the Appointee
Mr. Marco Philippus Ardeshir Wadia was born on January 30, 1956. He holds robust academic qualifications, including a Bachelor of Arts (Hons.) and a Bachelor of Laws (LL.B.) from the University of Mumbai. He was enrolled as an Advocate with the Bar Council of India.
His professional career commenced in legal practice in 1986. He possesses substantial expertise advising corporations on intricate legal and regulatory matters. This expertise spans corporate structuring, mergers and acquisitions, joint ventures, commercial agreements, and corporate governance frameworks. He previously served as a Partner at the reputed law firm Crawford Bayley & Co. and currently serves as a Director/Independent Director across several companies in diverse sectors.
Source: BSE
