PFA board meeting outcome

Exceptional ItemContingent Liabilities IncreasedPat NegativeResults RestatedResults View source PDF Explain this filing

ZUARI · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-3.8%Reaction day

₹234.00

prior close

₹233.58

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.4%-3.5% vs market

Fertilizers peers, median of 19sector-0.3%-3.6% vs sector

On the reaction day the stock moved 3.5 pts less than Nifty Microcap 250 and 3.6 pts less than its Fertilizers peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-3.1

10m

-2.3

15m

-2.1

30m

-1.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.8-0.4-3.5-0.3-3.6

Next day

-8.2-1.7-6.5-1.8-6.4

-8.5-1.3-7.3-0.7-7.8

-9.1-0.7-8.4-1.0-8.1

-8.5+0.4-8.9-0.9-7.6

-7.7+0.5-8.2+0.1-7.7

-3.4+2.8-6.2+0.9-4.3

15d

-8.6+1.2-9.8-4.2-4.4

-6.8+5.3-12.1-0.1-6.8

+0.7+9.9-9.2-3.9+4.5

-5.0+13.1-18.1-5.8+0.8

UpDownMarket · Nifty Microcap 250Sector · Fertilizers peers, median of 19Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Zuari Agro Chemicals reported audited results for Q4 and FY ended March 2026. A major restructuring occurred during the year - the company divested its sole fertilizer operating segment (w.e.f. September 30, 2025) and lost control of subsidiary Mangalore Chemicals & Fertilizers (MCFL) through an NCLT-approved scheme. MCFL was amalgamated with Paradeep Phosphates Limited (PPL), with Zuari receiving 6.54 crore PPL shares valued at INR 418.13 crores. The company recorded exceptional gains including INR 817.49 crores (consolidated) from loss of MCFL control and INR 9.32 crores from Mahad plant sale. However, standalone PAT from continuing operations shows a loss, and the company received a INR 29,645.99 lakh water/sewerage demand notice (recognized only INR 75.81 lakh). K.P. Rao & Co. was re-appointed as statutory auditors for 5 years, and Mr. Nitin M. Kantak appointed Managing Director for 1 year from September 2026.

Likely market impact

The company has become essentially a shell post-restructuring with no operating business and is seeking new strategic opportunities. Shareholders face uncertainty as the company's future operations are undefined. The significant contingent liability dispute and losses from continuing operations add to investor concerns.