ZUARI INDUSTRIES LIMITED has informed the Exchange about Copy of Newspaper Publication
ZUARIIND · price
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Awaiting price reaction for this filing.
Zuari Industries Limited has published a notice in Business Standard, Amar Ujala and Lokmat informing preference shareholders about two actions approved by the Board on May 27, 2025. First, the company will redeem 58,52,034 unlisted 10.5% Non-Convertible Redeemable Preference Shares (NCRPS) of Rs. 10 each, totalling Rs. 5.85 crore, on June 17, 2025. Second, an interim dividend has been declared on these preference shares: Rs. 1.05 per 10.5% NCRPS for FY25 plus a proportionate Rs. 0.222 per share for April 1 to June 16, 2025, and Rs. 0.70 per 7% NCRPS for FY25 plus Rs. 0.148 per share for the same short period. June 16, 2025 has been fixed as the record date, and the redemption and dividend payouts will be made on or after June 18, 2025 within the statutory timeline. The action arises from the scheme of arrangement involving the erstwhile Zuari Global, Gobind Sugar Mills and the company.
This filing is procedural and only concerns holders of the company's unlisted preference shares (10.5% and 7% NCRPS) — it does not affect equity shareholders or the equity stock price. Cash outflow of about Rs. 5.85 crore for redemption plus dividend payouts is small relative to the company and was already approved on May 27, 2025.