ZUARI INDUSTRIES LIMITED has informed the Exchange regarding 'Payment of redemption and Dividend amount on 7% Non-Convertible Redeemable Preference Shares.'.
ZUARIIND · price
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Zuari Industries has paid the redemption amount on 8,40,632 of its 7% Non-Convertible Redeemable Preference Shares (NCRPS), along with the dividend owed on 59,22,080 of these preference shares. After this redemption, the company's paid-up Preference Share Capital stands at Rs. 5.08 crore, made up of 50,81,448 NCRPS of Rs. 10 face value each. The company notes that these preference shares are unlisted and not traded on any stock exchange, so this update is being shared voluntarily as a matter of information.
This filing relates only to the company's unlisted preference shares and does not affect equity shareholders or the stock price in any direct way. Retail investors holding Zuari Industries equity shares will see no change from this announcement.