Zuari Agro Chemicals Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 23, 2025
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Zuari Agro Chemicals Limited held its 16th Annual General Meeting on September 23, 2025 via video conferencing, and all 7 resolutions put to vote were approved by shareholders. These included adoption of FY25 audited standalone and consolidated financial statements, re-appointment of Mr. Athar Shahab as a director (retiring by rotation), ratification of remuneration to Cost Auditor M/s. S.S. Sonthalia & Co., and appointment of Mr. Shivaram Bhat as Secretarial Auditor for a 5-year term (FY26–FY30). Two key resolutions approved the slump sale of the company's granulated single super phosphate (SSP) plant and associated business to Mangalore Chemicals & Fertilizers Limited under Section 188 (ordinary resolution) and Section 180(1)(a) / SEBI LODR Reg 37A (special resolution); notably, 1.67 crore promoter votes were declared invalid on the Section 188 resolution as promoters were deemed interested. A Special Resolution was also passed to enhance limits of investments, loans and guarantees under Section 186, which saw the highest dissent at 1.32% against. Total voting participation stood at approximately 66.27% of outstanding shares (2.79 crore votes polled out of 4.21 crore).
This is a routine regulatory filing confirming shareholder approval of all AGM business, but the standout item is the approved divestment of the SSP plant to Mangalore Chemicals & Fertilizers — a meaningful portfolio restructuring that shareholders have greenlit. High approval margins (mostly above 99%) suggest broad shareholder confidence, though the modest dissent on the Section 186 limit enhancement and director re-appointment may reflect minor institutional reservations worth monitoring.