Zuari Agro Chemicals Limited has informed the Exchange about completion of transfer of its Business to Mangalore Chemicals & Fertilizers Limited as a going concern on a slump sale, effective 30 September, 2025 and MCFL shall be responsible for the operation of the Business from 1 October, 2025
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Zuari Agro Chemicals has completed the transfer of part of its business — including the granulated single super phosphate (GSSP) plant at Mahad, Maharashtra and related assets — to its subsidiary Mangalore Chemicals & Fertilizers Limited (MCFL) on a slump sale basis. The deal is effective 30 September 2025, with MCFL taking over operations from 1 October 2025. The total lump sum consideration is INR 72.75 crores. The transfer was approved by shareholders on 23 September 2025, following prior disclosures on 8 and 29 August 2025. This is an intra-group transfer, as MCFL is already a subsidiary of Zuari Agro Chemicals.
Shareholders should note that Zuari Agro Chemicals has divested a specific business segment (GSSP plant at Mahad) for INR 72.75 crores, with the proceeds and operations now consolidated within its listed subsidiary MCFL. The transaction is relatively small in scale and may have limited direct impact on Zuari Agro Chemicals' standalone valuation, but it streamlines the group's fertilizer business structure.