Announced Mon, 29 Jun · 15:25 IST
Redemption of 7% Non-Convertible Preference Shares and Dividend Declaration
Corporate Actions View source PDF
ZUARIIND · price
▲ 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
-2.2%1-day move
₹260.80
prior close
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-2.2-1.6+0.6+1.3+1.2-0.1+0.1———
Up moveDown movePending
AI summary
Zuari Industries is redeeming 81,448 unlisted 7% Non-Convertible Redeemable Preference Shares (NCRPS) of Rs.10 each, whose term ends 29 June 2026. The Board also declared a prorated interim dividend of about 1.73% (around Re. 0.17 per share) on 50,81,448 outstanding 7% NCRPS for 1 Apr to 29 Jun 2026. These NCRPS were issued under the amalgamation scheme with Gobind Sugar Mills and are unlisted, so listed equity shareholders are not directly affected.
Likely market impact
Minimal impact on listed equity holders since the redeemed shares and dividend are on unlisted preference shares from the GSML amalgamation.