Postal ballot for MD appointment and new director

Promoter Family Board EntryManagement Changes View source PDF

ZUARI · price

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

Price reaction · full curve 14 horizons · vs prior close

-3.0%1-day move

₹240.98

prior close

₹238.75

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-0.1+0.1-0.2-0.7-3.0-3.8-6.1-4.8-5.3-0.1-2.2-8.6——

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AI summary

Zuari Agro Chemicals is seeking shareholder approval via postal ballot for two items: (1) appointment of Mr. Nitin M. Kantak as Managing Director for 1 year from 3 Sep 2026 with monthly pay of about Rs 7.7 lakhs (Basic Rs 5.48L, HRA Rs 1.43L, others Rs 78,200); he was already Executive Director. (2) Appointment of Mr. Pramod Kumar Gupta, currently Group CFO of promoter Adventz Group, as Non-Executive Non-Independent Director. E-voting runs 24 Jun to 23 Jul 2026, results on 24 Jul 2026.

Likely market impact

Internal promotion to MD for Kantak; Adventz Group CFO joining board as promoter nominee. Both need shareholder approval via e-voting.