Zuari Agro Chemicals Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
ZUARI · price
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Zuari Agro Chemicals Limited conducted a postal ballot (via e-voting) from February 19, 2026 to March 20, 2026 to seek shareholder approval for altering the object clause of the company and adopting an amended Memorandum of Association, classified as a Special Resolution. Out of 4,20,58,006 total outstanding shares, 2,82,14,764 shares (67.09%) were polled, and the resolution was passed with 99.84% of votes in favour (2,81,70,293 shares) and only 0.16% against (44,471 shares). Promoters and promoter group voted 100% in favour with all 2,74,24,960 shares, public institutions also voted 100% in favour, while public non-institutions showed 84.68% support. The scrutinizer, Shivaram Bhat (Practicing Company Secretary), confirmed the e-voting process was conducted fairly and in compliance with the Companies Act, 2013 and SEBI LODR Regulations.
The special resolution has been successfully passed, giving the company flexibility to alter its business objects and expand or diversify its activities as per the amended MOA. This is a routine corporate governance step with no immediate financial impact, but it signals the company's intent to potentially widen its business scope.