ZUARI INDUSTRIES LIMITED has informed the Exchange regarding 'Intimation w.r.t. redemption of unlisted 10.5% Non-Convertible Redeemable Preference Shares and payment of dividend thereon.'.
ZUARIIND · price
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Zuari Industries has redeemed 58,52,034 unlisted 10.5% Non-Convertible Redeemable Preference Shares (NCRPS) of face value Rs. 10 each, amounting to roughly Rs. 5.85 crore. The company has also paid the accrued dividend on these shares up to their maturity date. After this redemption, the remaining preference share capital stands at Rs. 5.92 crore, comprising 59,22,080 unlisted 7% NCRPS of Rs. 10 each. This is a follow-up to the company's earlier intimation dated 27 May 2025 about the planned redemption. Importantly, these are unlisted preference shares, not equity shares traded on the stock exchanges.
This redemption involves only unlisted preference shares and does not directly affect equity shareholders or the stock price. It is a routine capital restructuring exercise and carries no material impact for retail investors holding Zuari Industries equity shares.