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ZUARI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Zuari Agro Chemicals Limited reported audited financial results for Q4 and FY ended March 31, 2026. The company divested its sole fertilizer business segment effective September 30, 2025, following the Composite Scheme of Arrangement where Mangalore Chemicals & Fertilizers Limited (MCFL) was amalgamated with Paradeep Phosphates Limited (PPL). The company received PPL shares valued at Rs. 418.13 crore. Standalone total income declined to Rs. 332 crore from Rs. 445 crore in the previous year. Consolidated exceptional items included Rs. 817.49 crore gain on loss of MCFL control and Rs. 4.93 crore labour code impact. The statutory auditor issued an unmodified report, and K.P. Rao & Co. was re-appointed for a second 5-year term. Mr. Nitin M. Kantak was appointed Managing Director for 1 year commencing September 3, 2026.
The company has ceased operating its fertilizer business and is now evaluating new strategic opportunities. The large exceptional gains from the MCFL restructuring boosted reported profits, but underlying operations have declined. Shareholders should monitor the company's plans for new revenue streams.