Please find enclosed Notice of Postal Ballot dated 29 May 2026.
ZUARIIND · price
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Zuari Industries Limited has issued a postal ballot notice dated 29 May 2026 seeking shareholder approval on four resolutions via remote e-voting from 30 May 2026 to 28 June 2026. Resolution 1 proposes re-appointing Mr. Alok Saxena as Whole Time Director and Executive Director for 2 years (1 July 2026 to 30 June 2028) with monthly remuneration including basic salary of Rs. 4,42,917, conveyance allowance of Rs. 1,18,556, performance-linked pay of Rs. 88,828, and other perquisites. Resolution 2 seeks to increase the borrowing limit from Rs. 2,000 Crore to Rs. 2,100 Crore. Resolution 3 approves creation of charge/mortgage on company assets to secure borrowings up to Rs. 2,100 Crore. Resolution 4 approves material related party transaction with Zuari Envien Bioenergy Private Limited (a joint venture) for Rs. 163.44 Crore during FY 2026-27.
Shareholders should review and vote on these resolutions. The expanded borrowing powers provide greater financial flexibility, while the related party transaction requires shareholder approval under SEBI regulations. The executive re-appointment ensures continuity in leadership.