ZUARI INDUSTRIES LIMITED has informed the Exchange regarding Notice of Annual General Meeting to be held on September 24, 2025
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Zuari Industries Limited has filed the notice of its 57th Annual General Meeting (AGM) to be held on Wednesday, September 24, 2025 at 3:00 PM via video conference, along with the Annual Report for FY 2024-25. On a consolidated basis, revenue grew to ₹970.33 Cr from ₹837.80 Cr in FY24, but the company swung to a loss after tax of ₹94.37 Cr versus a profit of ₹712.75 Cr in the prior year. The Sugar, Power & Ethanol (SPE) division was the standout performer, with revenue up 45% to ₹865 Cr and EBITDA of ₹87 Cr, supported by record sugarcane crushing of 157 lakh quintals and sugar recovery improving to 10.61%. Sugar sales rose 42%, ethanol sales grew 38%, and power exports rose 40%, while the grain-based ethanol plant (ZEBPL) reached 76% completion targeting September 2025 commissioning. Real estate revenue dropped sharply to ₹5.2 Cr due to regulatory delays in land monetisation in Goa, though the St. Regis project in Dubai was fully sold out.
For shareholders, this is primarily a routine AGM and annual report filing, but the financials reveal a mixed picture — strong operational momentum in the core sugar-ethanol business is offset by consolidated losses after several profitable years, which may weigh on investor sentiment in the near term. The strategic progress in ethanol capacity expansion, digital initiatives, and the Dubai real estate sell-out provides a longer-term growth narrative to be discussed at the AGM.