ZUARI INDUSTRIES LIMITED has informed the Exchange regarding Notice of Postal Ballot
ZUARIIND · price
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Zuari Industries Limited is seeking shareholder approval via postal ballot (remote e-voting) on four resolutions. First, the re-appointment of Mr. Alok Saxena as Whole Time Director (Executive Director) for 2 years from 1 July 2026 to 30 June 2028 with monthly remuneration of approximately Rs. 6.87 lakh including basic salary of Rs. 4.42 lakh, conveyance allowance, performance linked pay, and LTA plus other benefits. Second, increase in borrowing powers from Rs. 2,000 Crore to Rs. 2,100 Crore to meet increased business funding requirements. Third, approval to create charge/mortgage on company assets to secure borrowings up to Rs. 2,100 Crore. Fourth, approval of material related party transactions with Zuari Envien Bioenergy Private Limited (a joint venture) not exceeding Rs. 163.44 Crore for FY 2026-27. Voting period runs from 30 May 2026 to 28 June 2026, with results announced by 30 June 2026.
Shareholders should note that the borrowing limit increase and related party transaction with the joint venture are significant. The re-appointment of Mr. Alok Saxena provides continuity in leadership for the SPE Division Aira. All resolutions require shareholder approval through e-voting.